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No more 2x: bitcoin hard fork canceled for lack of consensus

Blockchain   2021-02-07 17:25:57

No More 2x: Bitcoin Hard Fork canceled Due to lack of consensus Posted Originally by TheCoinEconomy on It"s official, no more hard fork. Revealed today, the organizers and developers behind the controversial bitcoin scaling proposal, Segwit2x, are temporarily suspending the icial integration shutdown of the software update. Generally speaking, the overall goal of Segwit2x was to increase the block size of bitcoin to block 494 784, which was to take place on November 16 or about that date. However, due to a mDue to lack of agreement and consensus within the Bitcoin community, the team behind the 2x proposal has decided to suspend the official blockchain update. The announcement was made earlier today by Mike Belshe, CEO of BitGo and central leader of the Segwit2x project. In an email, Mike claimed that the sizing proposal is just too controversial to go ahead. He sa id: He then added: Announcement email from Mike Belshe The announcement email was also signed by other members and companies who initially supportedthe upgrade proposal, such as Xapo CEO Wences Casares, Blockchain CEO and co-founder Peter Smith, ShapeShift CEO and founder Erik Vorhees, and others. However, while the proposal to increase block size has been delayed, there is still hope that a similar protocol change will occur. will produce in the future. However, this will only happen once the Bitcoin community and stakeholders come up with a pleasant, logical and beneficial network upgrade. More details on this developing story to come. Thank you for taking the time to read this article and I hope you really enjoyed it. If you found this interesting, don "t forget to show your support by clicking the 👏 button! Do not hesitate to share my content wherever you want! Follow @TheCoinEconomy on all social media platforms in order to receive the latest information on the cryptocurrency market and the advancement of blockchain technology. ( TradingView , Twitter , Instagram , Facebook , StockTwit s.)