Tag: BIP91

BIP91 Lock-in Does Not Guarantee a Swift SegWit Activation on the Bitcoin Network

Bitcoin users have kept a close eye on the BIP91 lock-in period. This lock-in has now been secured with relative ease. However, there is no reason to get your hopes up just yet, as this lock-in period means nothing until things change on the network itself. Signaling intent for a solution and effectively supporting its activation are two very different things. Things can still take a very different turn from …
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Successful BIP91 Lock-in Pushes Bitcoin Price to US$2,700 as Community Breathes Sigh of Relief

The Bitcoin price continues to astonish chart watchers as the bullish momentum is not over yet. With its price increasing to US$2,500 yesterday afternoon, many people wondered whether that price point would hold. Fast forward to today and the Bitcoin price hovers around US$2,700. It is evident the BIP91 lock-in has affected the price in a positive manner for the time being.  If this momentum can be maintained, the Bitcoin price could easily …
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What Is BIP91 and Why Does It Matter?

With the Bitcoin scaling deadline drawing closer, people are getting anxious regarding what the future may hold. SegWit2x and the user-activated soft fork are not mutually exclusive; it appears they may still cause a chain split. The BIP 91 proposal is designed to counter this problem and make both SegWit2x and BIP148 compatible. In the best-case scenario, this patch will prevent a Bitcoin split come August 1st. BIP91 May Save …
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