Countdown to Sogut: Be more careful these days (2)
Review of Blockcabin Bitcoin Events
Second part (last)
July 14: Department of BTC1
The software division of the New York agreement is a branch of the Bitcoin Core base code called BTC1. The beta version of this app was released on June 30th. But according to the track provided for in SegWit2x, this program has to be installed by trial on July 14th by both parties.
This will not have a significant impact on ordinary users and developers.
July 21: Starting BIP91 signaling
The developer team SegWit2x plans to launch and activate BTC1 Nodes on July 21st. So the significance of the signaling process for extractors will start to a great extent. In this case, there is no worry for ordinary users.
But if you are an extractor, you may want to activate BIP91. (This extraction area is done via "bit 4." For example, by extracting through BTC1 or using software that covers BIP91)
July 23, closing the outputs of the BIP91 protocol
Before activating BIP91, 269 blocks of 336 blocks that are predefined must respond to this signal to activate the signal. In fact, this number of blocks is 80% of the network processing capacity that must be completed within 56 hours (two full days + one third of the day). Assuming to follow the SegWit2x path, this protocol (BIP91) will be accepted as soon as possible, July 23rd. Again, this does not affect the performance of normal users.
But if you are an extractor and encountered activation of BIP91, you will have 1 or 2 days to accept this soft file. If you do not accept, you will be faced with the risk of blocking your blocks.
July 25: Early hours of BIP91 activity
On July 25, after closing the outputs of the BIP91 protocol, 336 blocks remain until the imminent impediment of BIP91. Blocks that have not responded to the BIP141 signal will be rejected. There will still be no danger to ordinary users. But if you are an extractor, it's best to extract blocks that are at the top and have the BIP141 signal verified. Otherwise, you will accept the risk of being rejected by the larger segment in the network processing capacity.
July 29: Deadline for BIP91
If the bitcoin miners intend to prevent the splitting of the blockade chain and the bitcoin currency, this date is the first day of the final deadline for them.
To ensure that the BTC1 program is activated in the BIP91 protocol in order to comply with BIP148, its outputs should be closed globally until approximately the last hour before 08:00 UTC. (It will be at 4 am on the east coast of the United States), but it's better to do that sooner. Approaching the final deadline will increase the risk of timely inactivation. If the protocol is not activated on time, the bitcoin chain will probably be split into two parts. If this happens and you're not yet ready for BIP148, you have 2 days to complete it. It's really better to do this and this article will show you how you should do it.
If BIP91 is not enabled on July 29th and you are an extractor, you have two days to decide on which chain (between BIP148 or Legacy) will be on August 1st.
July 31: Deadline for BIP141
July 31, 2009 is actually a second warning for extractors to avoid splitting the chain. At the very last moments of the day, both the BIP91 protocol must be activated and the outputs of the BIP141 protocol must be closed. In other words, if the BIP91 does not close in time, it will face a two-week hard-working period in which 95% of the network processing capacity will support SegWit.
In fact, there is little chance that the final agreement will be made for a difficult period on July 31st by the end of the day. And even if this agreement is made, it does not appear that this activity should begin before the 95% approval is determined.
To deal with what might happen on July 29, both sides of the site and extractors are better off preparing for a possible split of the chain. But in fact, July 31 is the last time you have to prepare.
August 1 activation of BIP148
This day is the start of the BIP148. On the other hand, the third and final day is a warning to the extractors to prevent the separation of the chain. Ross at 00:00 UTC on August 1 (note that the United States is still July 31), all NIPs of BIP148 start to reject blocks that ignore the BIP148 signal. If the outputs of the BIP148 or BIP91 protocol are timely closed or their activities start on time, the issue of bipolarity for the chain will not occur.
If none of these issues were taken, the longer chain that has more network capacity, with their support for BIP148, could be the last deadline to prevent chain separation. This assures them that they will have a longer chain of rights forever based on the current agreement between all nodes.
If any of the BIP141 or BIP91 or BIP148 protocols fail to reach the capacity limit of the capacity of the BIP148, then the chain will split on this day, and if this happens, then from now on There will be two kinds of bitcoins that will be called 148BTC or 148 Bitcoin on the side of the BIP148 and on the other side of the chain will be Legacy Bitcoin or Legacy BTC.
(This separation may be resolved by placing 148BTC on the longer side of the chain and restoring network capacity by 148BTC, which was not addressed in this article)
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