Segwit2X, or the Old/New Bitcoin Hard Fork
December 14 2017 - 1:08PM
InvestorsHub NewsWire
Block No. 501451, which is planned to be produced roughly
speaking on December 28, 2017, will be decisive for the old/new
fork Segwit2X, and a Christmas present for the entire
crypto-community. An experienced team of developers declares that
it will resume activity based on the launch of the suspended
project on its website.
"Commission and transaction speed within the Bitcoin network
reached inconceivable values. In the last month, the average
commission of the network was 15-20 US dollars, and the
confirmation rate could reach several days. It is simply impossible
to use it as a means of payment.
Our team will carry out the Bitcoin hard fork - Segwit2X, which
was expected in mid-November. At the same time, its futures
trading is conducted on some exchanges, including HitBTC.
We promise that all BTC holders will receive, not only B2X in
the ratio of 1:1, but also as a reward for your commitment to
progress, the proportional number of Bitcoin of Satoshi Nakamoto
who mined it in the first year of the network's existence,"
commented Jaap Terlouw, the project CEO.
The new fork will appear as a result of the revival of Segwit2X,
initiated by a group of professional developers. The idea is to
resume and refine the suspended project, to create a really
anonymous and instant Bitcoin. At the same time, the goal of this
work is not the replacement of the original network, but the
effective coexistence of two networks with different purposes.
General information about the new Bitcoin Segwit2X
- Estimated fork date: 12.28.2017
- Total issue: 21 million
- Protection against repeated transactions: Yes
- Block extraction speed: 2.5 minutes
- Mining: X11
- Block size: increased to 4 mb
- Recalculation of complexity: after each block
- Unique address format: Yes
In addition, the Roadmap project has the following positive
changes:
- Offline codes
- Support for Lightning Network, instant transactions
- ZkSnark
- Smart contracts
- Anonymous transactions
Follow the news of the project on the website: http://b2x-segwit.io/
Telegram chat: https://t.me/Segwit2_X
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