Yesterday, July 27, the signaling stage about the Segregated Witness protocol, SegWit, BIP 141, was activated. The protocol will be fixed, if at least 95% of the blocks - 1916 out of 2016 - signal at this stage in support of SegWit. In turn, this will provide the conditions for activating the scaling BIP 141 offer. The lock-in period will end around August 8. Price reaction As you can see from the graph, 4H time frame, the price reacted positively to the news. Currently, the average price is about $2810. The highest price is indicated on the Korean exchange - …
The China Bitcoin Roundtable’s latest meetup to confirm SegWit2x implementation may not be as persuasive as its members hope. BTCC’s summary of the gathering, which occurred in Chengdu June 15, announces those present “reached a decision to fully support and implement the New York Consensus on Scaling Bitcoin.” However, this would only be put to the test on “June 31st, 2017” - a date which does not exist. “We expect to fully implement the SegWit2X scaling solution by June 31st,” BTCC, which is one of China’s best known exchanges, confirmed. The error, while likely no more than an accident, adds …