The Bitcoin community has plenty of reasons to celebrate: the solution for the lack of hard fork, BIP91 has just been guaranteed!
BIP91
In just 32 days, we will have the MASF, which advances the activation of Segwit for 1 month, that is, on 22 August we can have Segwit2x activated.
From the early days, with the support signaled to more than 80%, the market has already moved and reflected in Bitcoin prices: $ 2,900 in several global exchanges.
Today, with more mining pools signaling the Bip when mining, the percentage reached 83.3%, and entered the period in which it must mine 336 blocks, of which only 52 remain at the time of this publication.
With the confirmation of the bip91 that should happen in the last hours, the segwit can be deployed and compatible with the entire Bitcoin network, even if someone is not updating their software, which would cause huge problems for the network if it were not solved.
WHAT IS SEGWIT?
The segwit is the proposal of Bitcoin core, group of developers of Bitcoin, to solve the problem of scalability of Bitcoin, that is the maximum number of transactions by block.
HOW DOES IT WORK?
In a Bitcoin transaction, three things are essential. The sender, the receiver and the signatures, which serve as witnesses that the value in Bitcoin was actually transferred.
This essential part weighs heavily on the transaction. Segwit manages to separate and compact transaction witness data from other essential parts, which creates a new transaction format, and this time is lighter. It is estimated that the compressed data is only 1/4 of its original size.
In this way, more transactions can be performed on each 1mb block, making the whole system faster and more scalable, as well as giving more security to multiple signature transactions.
TIME TO INVEST?
With the worst nightmares of Bitcoin’s investors past, and the dollar rate rising by a staggering $620 (25%) in 5 days, investors’ mood was rekindled, with August 1 being the date the deal was implemented Being transposed smoothly and without bugs in the network, the quotation tends to rise at a pace that can not be seen for long.
Read too: Automated Bitcoin Trading
With network speed increased, more people will be able to transact Bitcoins, and consequently more people should join this growing network of payments in the world. With that the value for each Bitcoin increases, something that was being held just because of the slowness prior to segwit.
Recently, McAfee creator John McAfee said on Twitter that Bitcoin’s quote would reach $500,000 in three years, a move that even the most optimistic analysts say, though it is more than possible.
17 Jul
John McAfee
Bitcoin bouncing back fast from it technical correction: pic.twitter.com/6jG7FmXRq4
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John McAfee
Bitcoub's low of $1,800+ yesterday simply could not be maintained. In the long term Bitcoin moves above $500,000 within three years. Bets?
Bitcoin without a doubt is an excellent investment, whether it be in the long or the short term. An example of who recently bought $ 1,800 and now pocketed more than $ 1,000 in 5 days.
Start at how long it’s time and start multiplying your Bitcoins, make it work for you! Invest in Bitcoins, this is the best moment to invest in Bitcoin.
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