Tag: Chain Split

Bitcoin May Still See a Blockchain Split on August 1st

Even though most Bitcoin users feel that there will be no chain split in the next few weeks, they may be wrong. While the BIP91 lock-in makes SegWit2x and the UAHF compatible, it does nothing to address the Bitcoin ABC issue. This user-activated hard fork will still go into effect on August 1st and seemingly gains more traction every single week. Various exchanges will support this solution come August 1st. …
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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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Should You be Concerned About a Bitcoin Chain Split on August 1st?

A lot of Bitcoin users are concerned about the upcoming August 1st deadline. That is only to be expected, as the user-activated soft fork is scheduled to go into effect on that date. As a result, a chain split is a more than likely outcome. This means users will need to take ample precautions to keep their bitcoins safe. That is much easier said than done, though. Bitcoin Chain Split …
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