Tag: Segwit

Bitcoin Price Wobbles as SegWit Locks In

It looks as if we may have a small shakeup in the world of cryptocurrency after all. For some reason, the Bitcoin price has been showing small signs of weakness, which could lead to a short-term downturn in the coming hours. Ever since Segregated Witness locked in, the price has lost some of its bullish momentum. Other currencies are quickly trying to climb the ranks, though, which could result in some intriguing …
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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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Bitcoin Miners are Rejecting Segwit For Non-Technical Reasons

It has become evident that miners are not opposed to the Bitcoin Core development team’s transaction malleability fix Segregated Witness (Segwit) given the overwhelming support towards Segwit2x, a proposal made by Barry Silbert-led Digital Currency group and 57 other companies that include major mining pool operators such as Bitmain. The hashrate signaling the activation of Segwit2x is currently over 90 percent at the time of writing. The proposal entails the …
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