Nice positive update on Bitcoins future overnight. UASF BIP91 locked in overnight, moving forward the bitcoin segwit debate. This looks like we have a strong decision path for the adoption of Segwitx2 later in the year. The miners seem on board and that's really where the power resides. This is resulting in the start of a bull market in cryptos over the last 24 hours especially in BTC.
At this time the bitcoin's miners, the network of computer operators that secure the blockchain, have now been signaling that they will upgrade the code, a move that takes the software one step closer to changing its structure to accommodate more transactions. It is currently in the 336-block "grace period," taking about two and a half days, during which miners have time to prepare for activation.
BIP 91 will then activate at block 477,120. Mining pools will hopefully start rejecting blocks that do not signal support for SegWit (BIP 141). BIP 91 ihas acted as a excellent coordination mechanism across the mining pools, The last thing they need is to not follow along and risk losing out on mining rewards.
SegWit could lock-in over the next two weeks making the SegWit upgrade official. The upcoming user activated soft fork (UASF) proposal, BIP 148 would not then go ahead.
As BIP 91 is now locked in, were are setting the stage for the next phase of Segwit2x this autumn, or possibly later.
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