create account

Block 494,784: Segwit2x Developers Set Date for Bitcoin Hard Fork by contentjunkie

View this thread on: hive.blog |  peakd.com |  ecency.com
bitcoin · @contentjunkie ·
$19.86
Block 494,784: Segwit2x Developers Set Date for Bitcoin Hard Fork
<center>https://media.coindesk.com/uploads/2017/08/fork-bitcoin-e1502896754549.jpg</center>

From Coindesk
<blockquote>
The developers behind Segwit2x, a controversial plan to increase the transaction capacity of the bitcoin blockchain, plan to announce a firm date for a hard fork today.

A copy of a forthcoming blog post obtained by CoinDesk indicates that the Segwit2x team plans to enable bitcoin's miners to elect to run new software at block 494,784 on the blockchain, a block they expect will occur sometime in November of this year.

The announcement, while not yet public, is expected to be released formally later today. Entitled, "Bitcoin Upgrade at Block 494,784," the draft post is currently live on a website related to the project.

The post reads:

"During the month of November 2017, approximately 90 days after the activation of Segregated Witnesses in the Bitcoin blockchain, a block between 1MB and 2MB in size will be generated by bitcoin miners in a move to increase network capacity. At this point it is expected that more than 90% of the computational capacity that secures the bitcoin network will carry on mining on top of this large block."

If enacted, Segwit2x could enable a second hard fork of the bitcoin network in 2017, one that could also result in the creation of yet another version of the bitcoin blockchain with its own unique cryptocurrency.

Bitcoin Cash, created through a hard fork on August 1, is currently trading at just over $300.

Announced in May, Segwit2x is an agreement supported by more than 50 industry startups, miners and technologists and organized by industry investor Digital Currency Group. To date, its developer team has drawn support mainly from industry startups.

Still with a portion of bitcoin's mining network backing the new bitcoin cash blockchain, it remains to be seen just how many miners on either chain would dedicate computing power to yet another blockchain.

For one, there is already a live version of the blockchain that supports larger blocks. Secondly, with the adoption of SegWit on the bitcoin blockchain, its proponents argue block size is no longer an effective metric for capacity.
</blockquote>
Read more: https://www.coindesk.com/block-494784-segwit2x-developers-set-date-bitcoin-hard-fork/

<hr>
Follow @contentjunkie to stay up to date on more great posts like this one.

<a href="https://steemit.com/@contentjunkie"><img src="http://i.imgsafe.org/dd8bd8753d.gif"></a>
👍  , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , and 71 others
👎  
properties (23)
authorcontentjunkie
permlinkblock-494-784-segwit2x-developers-set-date-for-bitcoin-hard-fork
categorybitcoin
json_metadata{"tags":["bitcoin","money","news","technology","cryptocurrency"],"users":["contentjunkie"],"image":["https://media.coindesk.com/uploads/2017/08/fork-bitcoin-e1502896754549.jpg","http://i.imgsafe.org/dd8bd8753d.gif"],"links":["https://www.coindesk.com/block-494784-segwit2x-developers-set-date-bitcoin-hard-fork/","https://steemit.com/@contentjunkie"],"app":"steemit/0.1","format":"markdown"}
created2017-08-17 02:58:21
last_update2017-08-17 02:58:21
depth0
children6
last_payout2017-08-24 02:58:21
cashout_time1969-12-31 23:59:59
total_payout_value16.508 HBD
curator_payout_value3.355 HBD
pending_payout_value0.000 HBD
promoted0.000 HBD
body_length2,460
author_reputation253,577,661,205,632
root_title"Block 494,784: Segwit2x Developers Set Date for Bitcoin Hard Fork"
beneficiaries[]
max_accepted_payout1,000,000.000 HBD
percent_hbd10,000
post_id12,044,870
net_rshares5,662,657,980,484
author_curate_reward""
vote details (136)
@bellyrub · 
<p>This post has received a Bellyrub and 12.83 % upvote from @bellyrub thanks to: @contentjunkie.Vote @zeartul for witness!</p>
properties (22)
authorbellyrub
permlinkre-contentjunkie-block-494-784-segwit2x-developers-set-date-for-bitcoin-hard-fork-20170817t052238170z
categorybitcoin
json_metadata{"tags":["bitcoin"],"app":"drotto/0.0.1"}
created2017-08-17 05:22:42
last_update2017-08-17 05:22:42
depth1
children0
last_payout2017-08-24 05:22:42
cashout_time1969-12-31 23:59:59
total_payout_value0.000 HBD
curator_payout_value0.000 HBD
pending_payout_value0.000 HBD
promoted0.000 HBD
body_length128
author_reputation7,904,765,975,109
root_title"Block 494,784: Segwit2x Developers Set Date for Bitcoin Hard Fork"
beneficiaries[]
max_accepted_payout1,000,000.000 HBD
percent_hbd10,000
post_id12,053,564
net_rshares0
@booster · 
<p>This post has received a 11.38 % upvote from @booster thanks to: @contentjunkie.</p>
properties (22)
authorbooster
permlinkre-contentjunkie-block-494-784-segwit2x-developers-set-date-for-bitcoin-hard-fork-20170817t041947878z
categorybitcoin
json_metadata{"tags":["bitcoin"],"app":"drotto/0.0.1"}
created2017-08-17 04:20:00
last_update2017-08-17 04:20:00
depth1
children0
last_payout2017-08-24 04:20:00
cashout_time1969-12-31 23:59:59
total_payout_value0.000 HBD
curator_payout_value0.000 HBD
pending_payout_value0.000 HBD
promoted0.000 HBD
body_length88
author_reputation68,767,115,776,562
root_title"Block 494,784: Segwit2x Developers Set Date for Bitcoin Hard Fork"
beneficiaries[]
max_accepted_payout1,000,000.000 HBD
percent_hbd10,000
post_id12,050,033
net_rshares0
@royschuh · 
All good things, people also thought 8/1 would be RIP for BTC!
👍  ,
👎  ,
properties (23)
authorroyschuh
permlinkre-contentjunkie-block-494-784-segwit2x-developers-set-date-for-bitcoin-hard-fork-20170817t030136465z
categorybitcoin
json_metadata{"tags":["bitcoin"],"app":"steemit/0.1"}
created2017-08-17 03:01:36
last_update2017-08-17 03:01:36
depth1
children0
last_payout2017-08-24 03:01:36
cashout_time1969-12-31 23:59:59
total_payout_value0.000 HBD
curator_payout_value0.000 HBD
pending_payout_value0.000 HBD
promoted0.000 HBD
body_length62
author_reputation1,126,660,274,850
root_title"Block 494,784: Segwit2x Developers Set Date for Bitcoin Hard Fork"
beneficiaries[]
max_accepted_payout1,000,000.000 HBD
percent_hbd10,000
post_id12,045,057
net_rshares4,228,930,437
author_curate_reward""
vote details (4)
@screenname ·
Re: Block 494,784: Segwit2x Developers Set Date for Bitcoin Hard Fork
<p>This post has been ranked within the top 80 most undervalued posts in the first half of Aug 17. We estimate that this post is undervalued by $10.67 as compared to a scenario in which every voter had an equal say.</p> 
<p>See the full rankings and details in <a href="https://steemit.com/curation/@screenname/the-daily-tribune-most-undervalued-posts-of-aug-17---part-i">The Daily Tribune: Aug 17 - Part I</a>. You can also read about some of our methodology, data analysis and technical details in <a href="https://steemit.com/curation/@screenname/introducing-the-daily-tribune-most-undervalued-posts-of-nov-04---part-i">our initial post</a>.</p>
<p>If you are the author and would prefer not to receive these comments, simply reply "Stop" to this comment.</p>
properties (22)
authorscreenname
permlinkre-block-494-784-segwit2x-developers-set-date-for-bitcoin-hard-fork-20170817t134744
categorybitcoin
json_metadata"{"replyto": "@contentjunkie/block-494-784-segwit2x-developers-set-date-for-bitcoin-hard-fork"}"
created2017-08-17 13:47:45
last_update2017-08-17 13:47:45
depth1
children0
last_payout2017-08-24 13:47:45
cashout_time1969-12-31 23:59:59
total_payout_value0.000 HBD
curator_payout_value0.000 HBD
pending_payout_value0.000 HBD
promoted0.000 HBD
body_length763
author_reputation46,276,338,038,330
root_title"Block 494,784: Segwit2x Developers Set Date for Bitcoin Hard Fork"
beneficiaries[]
max_accepted_payout1,000,000.000 HBD
percent_hbd10,000
post_id12,086,350
net_rshares0
@steemitboard · 
Congratulations @contentjunkie! You have completed some achievement on Steemit and have been rewarded with new badge(s) :

[![](https://steemitimages.com/70x80/http://steemitboard.com/notifications/post4day.png)](http://steemitboard.com/@contentjunkie) You published 4 posts in one day

Click on any badge to view your own Board of Honor on SteemitBoard.
For more information about SteemitBoard, click [here](https://steemit.com/@steemitboard)

If you no longer want to receive notifications, reply to this comment with the word `STOP`

> By upvoting this notification, you can help all Steemit users. Learn how [here](https://steemit.com/steemitboard/@steemitboard/http-i-cubeupload-com-7ciqeo-png)!
properties (22)
authorsteemitboard
permlinksteemitboard-notify-contentjunkie-20170817t030223000z
categorybitcoin
json_metadata{"image":["https://steemitboard.com/img/notifications.png"]}
created2017-08-17 03:02:21
last_update2017-08-17 03:02:21
depth1
children0
last_payout2017-08-24 03:02:21
cashout_time1969-12-31 23:59:59
total_payout_value0.000 HBD
curator_payout_value0.000 HBD
pending_payout_value0.000 HBD
promoted0.000 HBD
body_length700
author_reputation38,975,615,169,260
root_title"Block 494,784: Segwit2x Developers Set Date for Bitcoin Hard Fork"
beneficiaries[]
max_accepted_payout1,000,000.000 HBD
percent_hbd10,000
post_id12,045,101
net_rshares0
@thisisit · 
Wow another one already O.o
👍  ,
properties (23)
authorthisisit
permlinkre-contentjunkie-block-494-784-segwit2x-developers-set-date-for-bitcoin-hard-fork-20170817t030054684z
categorybitcoin
json_metadata{"tags":["bitcoin"],"app":"steemit/0.1"}
created2017-08-17 03:00:54
last_update2017-08-17 03:00:54
depth1
children0
last_payout2017-08-24 03:00:54
cashout_time1969-12-31 23:59:59
total_payout_value0.000 HBD
curator_payout_value0.000 HBD
pending_payout_value0.000 HBD
promoted0.000 HBD
body_length27
author_reputation59,209,501,836
root_title"Block 494,784: Segwit2x Developers Set Date for Bitcoin Hard Fork"
beneficiaries[]
max_accepted_payout1,000,000.000 HBD
percent_hbd10,000
post_id12,045,009
net_rshares3,194,565,872
author_curate_reward""
vote details (2)
Help/Feedback