The technology to increase the capacity of the Bitcoin, SegWit, was activated today. This will lead to faster and cheaper transactions.
The solution adds new features that not only improve the capacity of the Bitcoin block, but also the easier exchange of encrypted data, as well as the security and confidentiality of transactions. One of the most anticipated improvements to be made is the Lightning Network, which makes it possible to ship both small and large amounts of Bitcoin with very low fees, and within very short deadlines "beyond the Bitcoin itself".
The last 12 months have led to endless debates about Bitcoin
From 2016. The companies from the Bitcoin industry stood firm behind SegWit, while the largest digging basins such as Bitmain, ViaBTC and Bitcoin.com agreed to this option, provided that besides SegWit, the Bitcoin block will also increase from 1 to 2MB, The so- SegWit2x. Once the first part of the plan is already a reality, a block of 2MB is expected to be activated in November. For now, 90% of diggers support it.
The market did not react
At the same time, it looks like the market "SegWit is old news" because it almost does not respond to activation. The value of a Bitcoin is only 0.6% higher than 24 hours ago, traded at about $ 4230.
Financial Markets Analyst Zivkovsky expects even a slight drop in price in the coming days. Arthur Hayes, chief executive of BitMEX, is also expecting a correction, but predicts the price to jump to 4500, and then up to $ 5,000 for a Bitcoin to the point where the Bitcoin block will increase.
Thanks for reading, you can follow me here for more articles:
