Top altcoins after segwit2x

Is there a place for both in the global marketplace? I consent to my submitted data being collected and stored. He has written over 2, articles since joining CCN in An increased volume of new cryptocurrencies carries the possibility of ultimately crushing or at least greatly influencing Bitcoin prices and adoption. Any mistakes or delays may change the balances and some altcoins may climb closer to Bitcoin or even take the lead. Unlike most altcoins, bitcoin cash experienced a minor price decline today. The barrier of entry would be much less and the user base much bigger.

A new version of bitcoin is about to branch off this week. Here’s the lowdown on Segwit2x.

The crypto community is rejoicing — the bitcoin split due to Segwit2x, which everyone was so afraid of, is canceled and the holders of the main crypto currency altcokns breathe a sigh of relief. The news was a big altcoibs for everyone and created a complete mess on the tpp currency market, and besides, left a lot of questions about what is waiting for bitcoin on? For three years in the bitcoin community there were endless disputes, and the reason was the problem of scalability of bitcoin. Overcrowded blocks did not suit anyone, but the developers of the cue ball and the miners could not come to a single decision. And since these two forces indirectly have a considerable influence on the entire crypto-currency market, all crypto-enthusiasts watched with fits of heart the skirmishes of the two opposing camps. Somehow the opponents managed to come to an illusory consensus in the form of Segwitwhich top altcoins after segwit2x introduced in August th.

And those same companies have been elusive when it comes to details about the status of the proposal itself. There is certainly evidence to the contrary. Btc1, as the Segwit2x software implementation is called, is hosted on GitHub where any developer is welcome to point out bugs and suggest improvements. Some companies did not respond at all. A number of developers are tuned into the effort, as seen on the GitHub and the Segwit2x project mailing list. Those who are not contributing, according to Lightening Labs CEO Elizabeth Stark, are those who have disagreed with the proposal in some way. And according to Stark, they were not invited to participate further.

The crypto community is rejoicing — the bitcoin split due to Segwit2x, which everyone was so afraid of, is canceled and the holders of the main crypto currency can breathe a sigh of relief. The news was a big surprise for everyone and created a complete mess on the crypto currency market, and besides, left a lot of questions about what is waiting for bitcoin on?

For three years in the bitcoin community there were endless disputes, and the reason was the problem of scalability of bitcoin. Overcrowded blocks did not suit anyone, but the developers of the cue ball and the miners could not come to a single decision.

And since these two forces indirectly have a considerable influence on the entire crypto-currency market, all crypto-enthusiasts watched with fits of heart the skirmishes of the two opposing camps. Somehow the opponents managed to come to an illusory consensus in the form of Segwitwhich was introduced in August th.

The problem of scalability of the cue ball was decided to be postponed for a while, by carrying out a soft fork. As a result, out of the blocks, they took out unnecessary information beyond their limits, thereby slightly unloading them, which was a temporary solution to the problem.

But the miners, in the face of companies with the largest capacities in the network Bitcointhis decision was not satisfactory and, without the approval of developers, in the person of Bitcoin Core, an agreement was signed on Segwit2x.

The date of this update was scheduled for the middle of Novemberand the last time the crypto community lived in anticipation of this day. Segwit2x — hard fork in the bitcoin network, which was supposed to solve the scalability problem by expanding the block size to 2 MB. Mineramwho live not only due to the production of the cue ball, but also serving the network, such an upgrade was on hand, so they actively promoted their ideas to the masses.

The developers of the same bitcoin with such a decision were completely disagree and defended the conservative position of leaving everything as it is. The community has nothing left to choose either side or keep silent, and those who moved to the supporters of Segwit2x only added fuel to the fire.

In short, the split was not avoided, so it became obvious that as a result of the hard fork, another bitcoin top altcoins after segwit2x be born. This time the classic cue ball would be waited for by the most uncertain fate, because it was clear that choosing between the VTS1 and the VTS2 and the miners, and investors will support that bitcoin, which will have more power, and therefore, a higher rate.

The situation was also aggravated by the fact that the organizers of Segwit2x did not plan to add protection to erasure in the code, which would in effect lead to the replacement of one coin by. And if in the case of bitcoin cache holders of the cue ball just got free coins, then with a hard fork it would be worth expecting the loss of the real cue ball. And the community was in the most vague moods and feelings — the segment of 2x was approaching, from which one could expect.

But then, quite unexpectedly, 8 November there was news that the event was canceled. Many took the news for the duck, but, as it became known later, the statement was official and was signed by a number of supporters of the hard fork. It turned out that in fact «there will be no kin» — the active destabilization of the network of bitcoins resulted in the surrender of its positions. In addition to the official version of what happened, other assumptions about the reasons for the failure of the segment 2x have spread in the network.

According to supporters of the increase in bitcoin blocks, Seqwit2x will not forge, because they do not want to lead to a split of the network. Miners who own the largest hash say that they do not at all give up their idea, they just temporarily put it off. Such an unexpected nobility on the part of the hard supporters of the hard fork was perceived by the public in two ways, but unequivocally, there is some benefit in such a decision for miners. Which is — perhaps, we will find out very soon, but it is unlikely that it will provide the community with something good.

Bitcoin was the first to react to the news. And if bitcoin holders could get a profit from what happened, there were a lot of those who suffered a loss. Firstly, traders were affected, who, in anticipation of the unknown, began to merge the altcoyins at the bottoms; Secondly, investors who bought into the trick of exchanges and started buying futures of the nonexistent fork bitcoin lost.

Since no one could have thought that Segwit2x would not exist, then the market began selling coins futures, which in fact there and now, apparently, will not. Unfortunately, the crypto-currency market is very unpredictable and at times even its experienced participants suffer deep drawdowns. In this case, we have a colorful case, when investors decided to take a chance and get a super profit, but the situation played against.

The Segwit2x hard drive did not take place and the news was received with enthusiasm in the crypto industry. Now nothing threatens bitcoin, it will not split into forks and, it seems like, the prospects for the main crypto currency open the most rosy.

But there is no consensus about what awaits bitcoin in top altcoins after segwit2x near future:. So, there will be no split in the Bitcoin network. Proponents of hard fork stated that community cohesion is more important for them than fundamental, albeit necessary, changes. Indeed, this is their real motive — it is difficult to say, it can only be stated unequivocally that the large miners and their retinue could not choose an unfavorable solution for themselves. Perhaps all the recent events related to Bitcoin are links of a single chain, artificially created to get huge benefits.

As things really are, time will tell, it remains for us to state that at the moment there are good conditions for the cue ball and it is possible that very soon we will hear about new records of its course. Our official channel Chat with daily distribution of money.

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BREAKING: Segwit2x Cancelled + What It Means For BTC & Altcoins

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We use cookies to give you the best online experience. The Rundown. Is there a place for both in the global marketplace? The reason algcoins this is that many traders had maintained larger bitcoin positions in anticipation of the SegWit2x airdrop that would occur following the fork. It possesses the biggest developer ecosystem and attracts the majority of business people who create startups around it and put a lot of physical efforts, dedication, intellect, and creativity in order to make it better and more useful. Prev Next. Any mistakes or delays may change the balances and some altcoins altcoinz climb closer to Bitcoin or even take the lead. This is proved by the quick development in the supply of other digital currencies that are challenging Bitcoin. The action of the last few days shows that traders are positioning themselves to profit from upcoming airdrops similar to the Bitcoin Cash airdrop that took place after the hard fork of Gop 1. More and more people segwif2x top altcoins after segwit2x about Bitcoin transactions getting slower while transaction fees get higher. The digital currency has top altcoins after segwit2x growing without security failures for eight years now and has been time tested a lot more than its significantly younger alternatives.