BIP 91 activation complete
Bitcoin BIP 91 officially took place on the night of Friday, July 21, when more than 90% of the network hash signalled in support of this decision.
The next step is to activate Segregated Witness (SegWit), in addition, in theory, there is no need to activate BIP 148 (UASF), and the key date on August 1 also loses its relevance.
However, as noted by observers, the activation of SegWit still can not be considered guaranteed.
Modified BTC1
Recall, BIP 91 is a modified version of the plan BTC1 (SegWit2x), which supported a number of Bitcoin-companies and mining pools, in May of this year signed under the relevant agreement in New York. In addition, BIP 91 is compatible with BIP 148 ( UASF ), another proposal to activate the original SegWit offer, described in due time in BIP 141.
To fix BIP 91, it was necessary for the miners to signal support for this solution through the fourth signal bit (bit 4) during the strictly designated time period (56 hours). And provided that 269 of the last 336 blocks include bit 4, BIP 91 is committed. That's exactly what happened on Friday night.
However, now that the second activation period of the BIP 91 has come , the miners must start using the first signal bit (bit 1). Blocks without such a bit will be rejected, that is, they will not fall into the general block.
Meanwhile, the community reacted positively to the fixation of BIP 91, which was confirmed by the rapid price increase of Bitcoin prices on Friday night. The weighted average of our beloved crypto reached $ 2900 according to coinmarketcap.com
Lets hope their isn't too much volatility ahead for Bitcoin to affect the price of Steem.
