Bitcoin cash vs bitcoin segwit2x
Segwit2x is an upcoming update to the Bitcoin network. Some of the main objectives of the update are to increase the Block size thereby allowing for more transactions per day and also to decrease overall transaction times. The push for Segwit2x has sparked a lot of controversy amongst the Bitcoin community. If you wish to read up more about Segwit2x kindly refer here. If you wish to find out about what Forks are, you can refer here.
Fortunately, the fork from Bitcoin Gold will not require us to disrupt any of our services. Sales and purchase of Bitcoins will still be as per normal. As mentioned, the push for Segwit2x is highly controversial. For reasons related to the security of our users and funds, we will only support the coin that will run on the main blockchain for Bitcoin on the day of the Fork. We will give you an update again closer to the date of the Fork. This was never the goal of Segwit2x.
When that happens, we hope the community will come together and find a solution, possibly with a blocksize increase. Until then, we are suspending our plans for the upcoming 2MB upgrade.
Segwit2x opponents immediately began to celebrate the news on social media channels. He added that on-chain scaling may be necessary in the future but that a hard fork should not be activated without broad consensus. Segwit2x hardfork has been called off!
Because of these events, this means that when Bitcoin Cash forks with an upgrade later this month it has the chance to overtake the original Bitcoin and reign supreme. Want an edge in the crypto markets? You must be logged in to post a comment. Want an edge in cryptocurrency markets?
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