What will happen on 01/08/2017?
SEGWIT2X / UASF:
For segwit or UASF, which will take place at the beginning of August, it is a new protocol for reviving the blockage code and making transactions faster (three transactions per second currently), and fewer graphics to none. This process is called SOFT FORK, which changes or updates a particular aspect of the code. The move seems to have been well received and agreed by a large number of developers, miners and msi nodes as it will not reach the HARD FORK division and its reluctance to change some aspects of the code as block size from 1M to 4 and 8M later, relieving pressure on the blockers and accelerating assertions By Miners and Noods. However, the SoftFork has been opposed by some Meiners who are benefiting from the high fees of converting from one person to another. Justifying them to impose these high graphics is the high difficulty of mining, forcing them to change the equipment, which is expensive for most mining companies (as they put it).
So, dear Trader, only wait for the new code to be updated on the trading platforms and portfolios, and if you use an unforgettable computer wallet, download the latest version of the wallet.
summary:
Segwit2x / UASF:
Updated Code (soft fork)
Faster transactions
Less Fees
Larger Blocks