We are seeing some excellent recovery in BTC price, and I assume it's because of this:
On one side was BIP148, which would activate a UASF (User Activated Soft Fork) and on the other is the Segwit2X team. The conflict between them threatened to split Bitcoin into two competing assets.
"As of today, it seems this schism will be avoided. The SegWit2x development team plans to implement BIP91, a proposal by Bitmain Warranty engineer James Hilliard that cleverly makes the two conflicting activation methods compatible."
"Now, it seems BIP91 has provided the solution.
BIP91 is a proposal by Bitmain Warranty (not to be confused with Bitmain) engineer James Hilliard which was specifically designed to prevent a coin-split by making SegWit2x and BIP148 compatible."
The UASF will not happen upon BIP91 activation therefore there will not be a split in the currency known as "Bitcoin"!
"Where BIP91 differs from BIP148 is that it doesn’t have a set activation date, but is instead triggered by hash power.
BIP91 nodes will reject any non-SegWit signalling blocks if, and only if, 80 percent of blocks first indicate within two days that’s what they’ll do."
And according to @hotsaucelethal in his comments here, this has just now occurred today!
https://steemit.com/bitcoin/@hotsauceislethal/bitcoin-solution-found-no-more-split
Monitor the signaling for BIP91 and all of the other Bitcoin Improvement Protocols here: https://XBT.eu/
At the time of writing this article the current BIP91 support is at 80% as of 1 hour ago.
Some information is sourced from an article by Aaron van Wirdum from Bitcoin Magazine (Source https://bitcoinmagazine.com/articles/bip91-segwit-activation-kludge-should-keep-bitcoin-whole/)
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I don't know why there is so much ambition towards this situation. I feel like there might still be a small risk that the split does happen. Will be selling my BTC for EUR a couple days before the marked date.
This post received a 4.3% upvote from @randowhale thanks to @arkadiy! For more information, click here!
I do not know about the technical details about BIP and segwit but now everything is under control and people's sentiments are changing.
I don't like to see people selling and reacting so much; and it's actually fine, the price is going up, and there seems to be so much confusion.
You have so much steem power , why not upvote the others with equal contribution. You are liking your own comments with very high voting power while others only a few. This is not healthy for this community dear. We wanna grow this community better so please change this attitude and support those you visit you and connect with you.
So basikly no split . Great news .Is it posible that were gonna expect a new bullrun? Bear season over ? Lets se how it goes and enjoy the ride 😎.
Wow..this is it..such a great news.. thanks for the info..
As curious as I was to see if the split might help Ether, this is still very good news for stability.
Sweet no spit every thing can go back to normal, and start going back up again!
Thank you very much for your help and support
Thanks for a lovely article as usuall
I have upvoted and Resteemed your post
Thanks you for upvoting my posts
Much Love
This means all worries are over
We should see Bitcoin gaining value
Thanks for you helpful information
This is good news
That is some great news :D
Thanks for sharing this. I'd read a little about the potential split, but wasn't sure what was driving it.