ABOUT SEGWIT 2X
1-) I will try to describe the SeGwit2X topic in the light of the 51% attack and replay protection words in the simplest possible language;
2-) Unfortunately, we need to enrich our knowledge to understand the subject. What is Dencetralized / masterless, let's start from here
3-) When you enter a link that starts with an https, all communication between the site and your computer takes place in an encrypted form.
4-) But the question here is who decides that this communication is safe? Our response: The Certification Authority ie CA's
5-) Roughly, the event takes place. When you enter an https site on the internet, your browser will enable the encryption protocol (lock sign)
6-) Receive and check the encryption certificate that the site publishes for this. If the certificate is not a self-generated certificate
7- "CA", it decides that it is safe to "rely on CA". You can produce certificates yourself.
8-) However, no one guarantees that you are trustworthy in the accuracy of the information you give in the certificate you produce.
9-) This is why the browser is encrypted for a self signed site but it is not reliable. (It becomes the lock picture only)
10-) This scenario; Security scenario with the master being the author. Because there is a central authority. All the information is hiding in there.
11-) Decentralized scenario does not have a "master server" in the middle. The community itself is the biographer and the community is a private individual
12-) In the decentralized chain structure such as bitcoin, confirming that each part of the chain belongs to the chain; the 51% majority in the chain.
13-) If you try to create a piece by yourself and try to infiltrate the system by saying it is part of this chain, you will be excluded because you will not get 51% approval.
14-) This is what I tried to say roughly. The expected time of approval for your BTC transfer is actually recognized by the transfer system.
15-) 51% attack is here. Bitcoin now consists of a massive computer network. However, if more than two times the power of this gigantic network is involved in the system and it tries to break the chain, the structure succeeds.
16-) Until today, this scenario has never been tested on bitcoin. Because it needed a huge power.
17-) That's the place where Zurn's sound comes out. With Segwit2x, there are now those who claim to be 51%.
18-) They claim this with 85% assets in the system instead of adding a new 51% to the system. :)
19-) I thought 2x in Segwit2x was a new coin like Bitcoin gold like HardFork, BCC.
20-) The intention of this group, which currently has a majority of close to 85% in Bitcoin mining, is not to reveal a new coin. Change BTC's technical infrastructure. Increase the 1MB block size to 2MB. The Crypto world does not need a new subcool, which is the only feature to have a 2MB size size. Those who want to update also want it to be the BTC itself, not under the name of a new coin.
21-) No2x in the network and the group that oppose the update are trying to ignore it because they are in the minority.
22-) Majority wants to update and wants to force adoption of minority situation against this update
23-) And this is defined as a 51% attack attempt that has not been tried for BTC as opposed to updating.
24-) When we descend into the question of how this attack will be, the term "replay protection" (RP) emerges.
25-) As many miners as 2x are asking, the world of Crypto is not just miners.
26-) There are capital owners who invest in this world with their money. Wallets are represented by developers and stock exchanges.
27-) Replay Protection (RP) is the event. You are pretending to be a chain. Like Bitcoin Cash.
28-) During the copying you will have 10 BTC on your account and 10BCash on your account. However, copying is over when I say that I am selling my BCCs (roughly) so that the BTCs in your account do not disappear.
29-) A different model; BTG also said that the stock exchanges will not provide any support as there is no replay protection at the beginning.
30-) Because there was a big confusion when selling the free BTG to 0.03 BTC and actually selling the remaining BTC to 0.03 BTC. The Bitcoin gold team announced that they would include replay protection in order to provide the support of the stock exchanges within a day and they could obtain the support of the stock exchanges during the fork. (BTG position is not) If we return to 2x before moving away from the subject
31-) The 2X team says, "RP is not our business, we are the real BTC, and if they do, the minority can add RP features to their systems." Unfortunately, it is not the work of the core team of BTC to integrate RP into this move
32-) The core team does not have such intentions anyway. I do not know if the 2X team is bluffing. But if they do not add RPs and take on the chain, if they continue to do the same in the same way and try to keep on mining through the old chain and protocol, if the stock exchanges make the movements in this division, the worst scenario that could degrade BTC's brand value
33-) I will post comments after that. Uncertainty continues. Unfortunately, comments on the internet are presented as information within these uncertainties. We have no choice but to wait to know the truth.
34-) And the last word;
The fact that the value of BTC is so legendary in this uncertainty is, to me, the real uncertainty
