Deer Steemit Friends , in case that some of you still don't know what will happen in the 1st of August to BTC , i suggest you to read this as it is so important for you if you hold BTC.
There is a chance Bitcoin will experience a chain-split on August 1st. A segment of all Bitcoin users is committed to activate a user activated soft fork (UASF) as described in Bitcoin Improvement Proposal 148 (BIP 148). Specifically, they will reject any Bitcoin blocks that do not signal support for Segregated Witness (SegWit), the centerpiece of Bitcoin Core’s scaling roadmap.
If a majority of miners (by hash power) does not signal support for SegWit through BIP148 on August 1st, but at least some do, Bitcoin’s blockchain will split in two. In that case, there would be two types of Bitcoin tokens, which we’ll refer to in this article as “148 BTC” for coins on the soft forked chain, and “Legacy BTC” for coins on the chain that did not activate the soft fork.
The good news is that each bitcoin would effectively be copied to both chains. If you hold bitcoin right now, you will hold both 148 BTC and Legacy BTC after the split.
The bad news is that this coin-split can be messy and risky. And if you’re not careful, you could lose funds.
So what i can advice you to do is like so :
Control your private keys.
To be on the safe side, avoid any transactions on and shortly after August 1st. (How “shortly after” depends on what happens.)
If there are still two chains when the dust settles, split your coins into different wallets.
But , the latest news are some sort of good news as On May 23, Barry Silbert-led Digital Currency Group (DCG), arguably the biggest bitcoin and blockchain industry investment firm, announced that miners and businesses had reached a consensus to bitcoin’s seemingly never-ending scaling debate. Parties involved in the agreement represented 83.3 percent of the network’s hashing power, 20.5 million bitcoin wallets, and a 5.1 billion on-chain transaction volume.
The announcement read that 58 companies agreed to activate Bitcoin Core’s Segregated Witness (SegWit), and to the execution of a 2MB hard fork within six months thereafter. The proposal, now known as SegWit2x, needed an 80 percent threshold to be adopted.
So guys , what are your opinions ? what do you think it will happen ? let me know down bellow your ideas & thoughts over this and thank you for reading.
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