The SegWit-2X project advances as planned. Jeff Garzik, lead developer of the project, said that the new code is ready as early as June 30th.
Developers first discussed about SegWit-2X in 2015. This scaling proposal is also one of the most controversial. Companies and miners have long commented on the proposal, which they saw as a pragmatic solution to network problems. Of course, there were users who did not take the solution seriously, and the reality is that many SegWit-2X critics don't understand the cryptocurrencies code.
Despite any opposition, solving scalability issues is a unique phenomenon. This event will bring together more members of the community - companies, miners and startups.
Expectations:
This version will resolve the bugs previously detected. Its launch shows that the project is advancing according to the program. SegWit2x has been able to convince much of the miners in recent weeks. That means it will be supported on the activation date.
If everything goes according to the plan, scalability issues may be resolved before August. For now, however, all that miners and companies can do is have patience.
Alpha testing:
Developers have not provided much information to the general public. According to sources involved in the project, the Alpha phase lasted two weeks. A new platform ("testnet5") and a faucet that generates the fake coins needed for testing were used for testing.
On the dedicated SegWit-2X page on GitHub, it seen that developers work and do their utmost. Christopher Jeffrey, Purse's technical director, isolated and fixed bugs during Alpha testing. Other members also contributed and shared their ideas.
Large companies supporting SegWit-2X include Abra, Bitfury, Blockchain, BTCC, OpenBazaar, Purse and Xapo. They also contributed to the development and testing phases.
Source
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There is so much infighting within the Bitcoin community, with some nasty remarks from both Bitcoin Core and those supporting Bitmain I'm not sure whether to rejoice that they have collectively decided this could be a short term way to move forward or not. Thing is even with Segwit, it's a temporary solution to a much deeper problem and a major reason for the rise of the altcoins which do not seem to be bogged down in this.
Litecoin in particularly has been able to activate Segwit and has been moving swiftly up the charts because it's build to do what Bitcoin simply refuses to. This isn't to say I'm not a Bitcoin fan, I am. It's just everytime I read about the soft fork this month and the possible hard fork in November, it gives me the jitters :)
Wow so we are going from 7tx/sec to 28tx/sec. Amazing....Thanks miners for saving the world...
Sarcasm off.
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