Less than a week ago BIP91 became locked-in and we all cheered. The risk of a major split in our beloved Bitcoin had passed. We could all get back to sipping our fine wine and HODLing like crazy. End of story. Except it isn’t the end of the story. August 1 could still happen (As a Bitcoin-relevant event, that is. As a date it almost certainly will happen), and the Bitcoin blockchain could still be split by
Tag Archive: BIP91
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After months of disagreement and internal debate, the Bitcoin Network will finally implement a scaling solution; BIP91 has just locked in, meaning that the activation of SegWit will be imminent. BIP91 Locks In The lock in of the BIP91 proposal means that as long as 51% of the network hash power continues to mine blocks that support SegWit, the protocol will activate and there will be no risk of a major chain split. BIP91 is
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The increasing number mining pool support for BIP91 and SegWit has pushed bitcoin price upwards as a split seems to have been avoided. Disaster Averted So it looks like disaster averted, or at the very least postponed. We’ve had what seemed like an eternity of discussion, with no sign of a consensus looming. But now it looks like the battle for Bitcoin’s (immediate) future, has been won within hours of the first shots being taken.
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BIP91 blocks have been successfully mined by BiXin and Antpool helping to allay fears that Bitcoin could split in the face of incompatibility between rival Segwit2x and BIP148 implementations. BIP91 (or Bitcoin Improvement Proposal 91) is the work of software engineer James Hilliard, it addresses incompatibilities between the competing SegWit2x and BIP148 protocols. Both bring SegWit to Bitcoin, except that SegWit2x refuses communication with BIP148, which would effectively cause Bitcoin to split in two. What’s