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Daily Crypto Update: Segwit2X- Scalling Proposal , Scandinavian Investor Pivots: Sells All Stocks and Buys Bitcoin, Rising Network Fees Are Causing Changes Within the Bitcoin Economy by jigarparmar519

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· @jigarparmar519 · (edited)
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Daily Crypto Update: Segwit2X- Scalling Proposal , Scandinavian Investor Pivots: Sells All Stocks and Buys Bitcoin, Rising Network Fees Are Causing Changes Within the Bitcoin Economy
Welcome to Daily Crypto Update. Today we have lots of important updates for you I hope those will be helpful to you.
let's get into today's crypto updates.

(1) Segwit2X- Scaling proposal

https://www.crypto-news.net/wp-content/uploads/2017/06/18.3.7-640x335.png

The Latest scaling proposal is called as Segwit2x.The entire proposal is spearheaded by Digital Currency Group; this is the investment mixing of Bitcoin.The primary objective of this Scaling  proposal Segwit2X is to introduce two main changes in the Bitcoin network and Add towards its progress in the future. The first change out of it would be an optimization within the network, which is named as Segwit.  Segwit is also called as a segregated witness. It has the ability to increase the parameters that limit the size of transaction blocks. At the moment, the limit size is not a dynamic parameter and it is hard coded With Segwit, we can assume the limit to get changed.

Read full article here: https://www.crypto-news.net/segwit2x-scaling-proposal/

(2)Scandinavian Investor Pivots: Sells All Stocks and Buys Bitcoin


https://news.bitcoin.com/wp-content/uploads/2017/06/shutterstock_571540582-640x437.jpg


With the bitcoin price point on the upswing, investors are negotiating event to take advantage of its strength. This is exactly the pivot Norwegian investor Kristoffer Hansen made. He sold all his stock shares and bought up bitcoin. This move landed him on Friday’s cover of the national newspaper, Dagens Næringsliv. 

Read full article here: https://news.bitcoin.com/scandinavian-investor-pivots-sells-all-shares-and-buys-bitcoin/


(3) Rising Network Fees Are Causing Changes Within the Bitcoin Economy


https://news.bitcoin.com/wp-content/uploads/2017/06/fees-640x400.png


Bitcoin’s value has grown extremely this year making people’s digital aid holdings worth quite a bit these days. Alongside this, bitcoin mining fees have increased almost in unison with the price rise and some people have been paying an average of $3-4 per transaction. The rising fees continue to cause matter for bitcoin exponent and businesses using the digital currency for daily operations.


(4)Sweden Sees Record Trading Volume as MP Sundin Joins Bitcoin Exchange BTCX


https://news.bitcoin.com/wp-content/uploads/2017/06/shutterstock_188952203-640x480.jpg


The Swedish Bitcoin markets have absolutely responded to Mathias Sundin, the world’s only elected politician to accept campaign donations completely in Bitcoin, assuming the position of Chairman of The Board with Sweden’s largest Bitcoin exchange, BTCX.
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@envy112 ·
yep I buy primarily in ethereum mainly because it is far cheaper to use
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@foxkoit ·
Very good post :)
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@jigarparmar519 ·
Thanks
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@foxkoit ·
you are welcome :)
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@jimy74 ·
I heard that if we set the size dynamically, we will need to store more information in the blockchain, so this is not the best idea, we just need to set the size of the blockchain more lite using a hash function to make a signature of the past and stop read the entire blockchain every time.

But maybe this is not the true answer, but It's all I know at the moment ^^
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@okoth · (edited)
Transaction fees will hinder Bitcoin's wide spread adoption and appeal. Looks like a lot of effort went into this post and it's well done. Thank you for sharing.
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@jigarparmar519 ·
welcome
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@tensorflow ·
Upvoted and followed, keep up with updates!
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@jigarparmar519 ·
i will
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