The long-awaited Bitcoin Hard Fork is about to happen on the block height 501451. What to expect from Bitcoin SegWit2x Hard Fork tomorrow?
27 December, AtoZForex – Just as we have reported previously, Bitcoin Hard Fork SegWit2x is about to happen on the block height 501451. As of now, the online data indicates the system running on the block 501253.
Bitcoin Hard Fork Is taking place tomorrow
Thus, the markets expect the Bitcoin Hard Fork to take place as soon as tomorrow, December 28. According to the official website of the project, the fork itself is due in around two days’ time. In fact, this event has been scheduled to take place in the middle of November.
The attempt was disbanded following the email that has appeared on the project’s mailing list. However, in spite of the case, dozens of nodes still continued to operate on the btc1 software release.
The stagnation on the block appeared to be caused by an error in the code that has prevented miners from producing a larger than the original block size. This would push nodes running SegWit2x into its own chain. As the growing speculation in the project’s Slack channel took place, developer Jeff Garzik has released a patch. This patch has been aiming to ease the creation of a bigger transaction block.
What to expect from Bitcoin SegWit2x Hard Fork tomorrow?
The founder and key developer of the project, Jaap Terlouw, has stated that the fork is aiming to resolve the issues of “commission and transaction speed within the Bitcoin network.” He has added that presently, Bitcoin is “almost impossible to use as a means of payment.”
Mr. Terlouw has also shared the roadmap of Bitcoin Hard Fork, adding:
“Our team will carry out the Bitcoin hard fork, which was planned for mid-November.”
The key developer also has promised that BTC holders will receive equivalent balances of the new coin B2X. In addition to that, they will receive “a proportional number of Satoshi Nakamoto’s Bitcoins as a reward for their commitment to progress.”
As of now, there are a total of 8 exchanges that appear as official supporters of the fork. Additionally, the plan of Bitcoin Hard Fork has several remarkable features. These include Lightning Network support, smart contracts, and anonymous transactions.
It appears that the upcoming project is a complete scam. The true SegWit2X that was scheduled to take place earlier in the middle of November has nothing to do with today’s false project. The new “SegWit2X” was apparently using the name of a true project to mislead the public – and it did so quite successfully.
Think we missed something? Let us know in the comments section below.