The long disagreement about an upgrade made Bitcoin in the last weeks of uncertainty. There were 2 camps fighting for their ideal. Ultimately, it has become the compromise that is accepted. For many believers in Bitcoin this is a great relief. The price of the largest crypto currency is already rising.
The conflict threatened to divide Bitcoin into 2 in the last few weeks. The price fell sharply. Now there is largely an agreement on SegWit2x. This means a compromise between the miners and a core Bitcoin developers.
The core, a group of developers, wanted a long-term solution by keeping out-of-block data. The miners fought for faster transactions. Eventually, the influence of miners decreases due to the fact that a part is removed outside the block chain, but the block size is also increased to 2 megabytes.
Everybody wins and everyone is happy
The good news that 93% of miners triggered the compromise, called BIP91, made for a real party vote. It was not only celebrated on social media but also on the signposts.
Bitcoin attracts the whole sector. At a slight point, the market capitalization of the crypto market a little more than $ 60 billion a few days ago, it is again about 50% higher at $ 95 billion.
Please note that a few days are required to install the BIP91 permanently and it takes 2 weeks before the SegWit is fully adopted. In 2 months, the next challenge will be where the miners have to install SegWit's 2nd part, doubling the block size.
Source: Bloomberg
good luck