Skip to main content

Miner source: SegWit to happen before September

A great news is just awaiting for all Bitcoin lovers including me. As I'm currently holding over 1K BTC, everyday mempool lagging depresses me about Bitcoin's success & gives me tension a lot. Bitcoin has a very bright future which is now being spoiled by its own popularity. Everyday thousands of transactions are being unconfirmed for almost over 72 hours. Yes, block scaling issue is the great problem for Bitcoin's success of all the time.
Today I just found the news on Cointelegraph & feel excited --

Bitcoin Miners Agree in NY on SegWit Activation "Before September": Sources

Yesterday, on May 21 all major Bitcoin miners have arranged a meeting where they have reached an  agreement to go for SegWit activation. This meeting was held in the city of New York. It's an undoubtedly a very good start to the important Consensus conference that united important  movers and shakers of the crypto industry. 
Currently blocks supported by major miners are shown as below on coindance --
SegWit : 34%
Bitcoin Unlimited : 40%
And Nodes run on --
Bitcoin Core (SegWit) : 85%
Bitcoin Unlimited : 9%

Global Bitcoin Political Support & Public Opinion

SegWit : 86%
Bitcoin Unlimited : 26%
It's clear that majority of the Bitcoin users, supporters & investors want to activate SegWit, but, some big Chinese miners i.e. Antpool, ViaBTC, BTC.top, Canoe, GBMiners etc. are against SegWit.
Recently, Litecoin successfully activated SegWit & price has risen from $4 to $30. So, if SegWit activated on Bitcoin then not only the transactions will be faster confirmed but also price will get a big jump.
And, as the other alternative option Bitcoin Unlimited is buggy and is not safe to run Bitcoin network on it, we only have one option SegWit Activation.
According to  Charlie Shrem’s messages  in the Whalepoolbtc Telegram chat -
“When I have all the details I will tell you, it's still  all being processed,” Shrem wrote, adding that he was “bullish” and  confirming the news was to do with SegWit. 
I think these two message state that there was “big news” coming from the Consensus conference.
Shrem’s optimism relates to a group of Bitcoin businesses, which  together with at least Jihan Wu and Barry Silbert, allegedly agreed to  enable SegWit “in September 2017.” 
According to entrepreneur Alistair Milne, a meeting organized by Silbert  at Consensus produced what “may conclude the Bitcoin scaling debate  (for now).” 
A news from an anonymous source is that "SegWit activation will occur before that date".  Core developer Luke-jr  has already confirmed that the implementation date would in September this year. 

Reference :

Tags : Bitcoin, Cryptocurrency, Blockchain, News, Money,

This Post Was Published On My Steemit Blog. Please, navigate to steemit and cast a free upvote to help me if you like my post. First Time heard about Steemit ? Click Here To Know Everything About Steemit 







Comments

Popular Posts (Last 7 Days)

What I Learnt Today : 10 Unknown Amazing Facts About Animals - Part CXXXIII

  image credit (1) Japanese Macaques make snowballs for fun. (2) The chevrotain is an animal that looks like a tiny deer with fangs. (3) Turritopsis nutricula Immortal jellyfish is the only species known to live forever. (4) One million stray dogs and 500,000 stray cats live in New York City metropolitan area. Turritopsis nutricula Immortal jellyfish   image credit (5) Nine-banded armadillos always give birth to identical quadruplets. (6) The flying frog uses flaps of skin between its toes to glide. (7) It takes a sloth two weeks to digest its food.   Nine-banded armadillo   flying frogs   image credit (8) A narwhal tusk is actually an exaggerated front left tooth, and unlike most teeth, it's soft and sensitive on the outside with a tough interior. (9) Humpback whales create the loudest sound of any living creature. (10) The slowest mammal on earth is the tree sloth. It only moves at a speed of 6 feet (1.83 meters) per minute. sloth narwhal tusk   i

Alone [An Abstract Art]

Alone Tags : Abstract, Art, Drawing, Painting,  This Post Was Published On My Steemit Blog . Please, navigate to steemit and cast a free upvote to help me if you like my post. First Time heard about Steemit ? Click Here To Know Everything About Steemit  $3 Donation [Fixed] Donate $Any Amount

Top 10 famous Abstract Art of all the time

Top 10 famous Abstract Art of all the time I love abstract arts. I believe that abstract art is not what you see , it’s what you think. Abstract art is the freedom of using colors, is the freedom of representing your thoughts in colors. Today, here I share top 10 famous abstract arts of all the time. Hope you’ll enjoy them. Number 10 : The Son Of Man by Rene Magritte image source & credit :  LINK Artist: René Magritte Media: Oil paint Created: 1964 Period: Surrealism Subject: René Magritte Number 09 : Garçon à la pipe by Pablo Picasso image source & credit :  LINK Artist: Pablo Picasso Dimensions: 1 m x 81 cm Created: 1905 Media: Oil paint Period: Picasso’s Rose Period Support: Canvas Number 08 : The Night Watch by Rembrandt image source & credit :  LINK Artist: Rembrandt Dimensions: 3.63 m x 4.37 m Created: 1642 Locations: Amsterdam Museum, Rijksmuseum Periods: Baroque, Dutch Golden Age Genres: Portrait, History pain

Well Protected 'Great Barrier Reef Corals' Are Now Destroyed

The clearing reefs becoming off 200 hot miles of remote Australian coastline — from Cairns to Cape Melville, home to sugar ranches and jump resorts — contained a portion of the minimum harmed corals developing in one of the world's best marine parks. Up to this point.  In dazzling new discoveries that have uncovered the restrictions of marine parks as protections against quick ecological change, more than half of the corals reviewed in extensive lumps of this immaculate stretch of the Great Barrier Reef are required to soon be dead.  "Reefs that are fit as a fiddle ought to admission better under environmental change," said John Pandolfi, a University of Queensland educator who added to prominent coral reviews, the aftereffects of which were discharged for this present week. "Be that as it may, for this situation, we discovered colossal occasions of coral mortality."  The coral passings took after extreme coral blanching, which was created by a

macro photography of a strawberry

Tags :   Food, Fruits, Macro Photography, Photography, Fruits photography, Food photography This Post Was Published On My Steemit Blog .  Earned : $00.00 SBD Converted to USD @0.8943$ Rate = $00.00 USD .  First Time heard about Steemit ? Click Here To Know...

My Stereogram Collections - Part 4

what can you see ? reply in post ...   To know about Stereogram please, visit  https://en.wikipedia.org/wiki/Stereoscopy my first post of   stereogram collections - Part 1   my second post of   stereogram collections - Part 2 my third post of   stereogram collections - Part 3 Tags :   Funny, Images, Stereogram This Post Was Published On My Steemit Blog .  Earned : $05.42 SBD Converted to USD @1.01$ Rate = $5.4742 USD .  First Time heard about Steemit ? Click Here To Know...

I shoot it from flower garden

What you say ? I took these photos from my sweet small garden .............. > first one : second one : third : and last one : enjoy :D thanks! Tags :   Flowers, Flowers & Plants photography, India, Landscape photography, Nature, Photography, Marigold This Post Was Published On My Steemit Blog .  Earned : $33.56 SBD Converted to USD @1.46$ Rate = $48.9976 USD .  First Time heard about Steemit ? Click Here To Know...

Untitled 3

Tags : Life, Photography, Flood, This Post Was Published On My Steemit Blog . Please, navigate to steemit and cast a free upvote to help me if you like my post. First Time heard about Steemit ? Click Here To Know Everything About Steemit  $3 Donation [Fixed] Donate $Any Amount

mathematics behind chess

Is there any relationship between supposing numerically and supposing in the round of Chess? At the end of the day, should a man having a dynamic personality in Mathematics turned out to be essentially a decent Chess player have aptitudes in Mathematics?  It is important to call attention to that because of the subject intricacy, our endeavors will be to clarify essential attributes of both  Science and Chess which have been postured by surely understood Mathematicians and Chess players. In like manner, we are not keen on uncovering truths, for instance, from the Theory of Knowledge, Psychology, Epistemology or going further into the specialized and complex parts of Chess.  In the first place, let us analyze a few characteristics of Mathernatics.  Individuals having poor involvement in Mathematics trust that knowing how to include, subtract, increase or separation empowers them to say that they could ace Mathematics. Others having some aptitude in performing fa

"Moonlit Night" My Original Abstract Art

Here I share my original abstract art "Moonlit Night" enjoy :) Tags : Abstract, Art, Drawing, Painting,  This Post Was Published On My Steemit Blog . Please, navigate to steemit and cast a free upvote to help me if you like my post. First Time heard about Steemit ? Click Here To Know Everything About Steemit  $3 Donation [Fixed] Donate $Any Amount
Back to Top