Segwit2x Working Group Announces Hard Fork Roadmap

Segregated Witness has locked-in and the Segwit2x working group has announced its roadmap for the next three months. The team of developers have detailed they are going forward with the 2MB block size increase that miners and businesses agreed upon at the New York Agreement.

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The Segwit2x Roadmap

It’s been over 24-hours since Segregated Witness (Segwit) locked-in on the Bitcoin network after nearly 90 percent of miners pushed the protocol activation forward. Now the Segwit2x working group member Jean-Pierre Rupp revealed the team’s plans for the upcoming 2MB hard fork. The announcement called “Bitcoin Upgrade at Block 494,784,” states;

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.

‘Compatibility With the New Larger Blocks’

Segwit2x Working Group Announces the Hard Fork Roadmap
The New York Agreement has managed to get Segwit activated but can it pull off a hard fork to 2MB?

The announcement explains the upgrade to 2MB was first discussed at the ‘Hong Kong Roundtable Agreement’, and had further solidified at the ‘New York Agreement’ (NYA) this year at the Consensus conference. Both agreements involved implementing Segwit first and a block size increase from 1MB to 2MB later. The working group says, now that Segwit has locked-in, the ecosystem should update to Segwit-compatible software if they want to benefit from the protocol. Alongside this, the announcement explains “readiness” preparation for the fork including port changes, network changes, DNS seeds, and the Segwit2x “Testnet5.”  

“The November 2017 upgrade to 2MB blocks is a hard-fork, but necessary changes are trivial to perform,” explains the Segwit2x working group’s announcement. “Some SPV clients are expected to work without any change at all. Most clients will need to tweak only two constants to remain compatible with the new larger blocks.”

Segwit Is Here but the Bitcoin ‘Community’ Infighting Remains

As the plan moves forward many developers and bitcoin community figures have been quarreling over the proposed upgrade. Moreover, last week developer Matt Corallo introduced an idea that would further separate the Core reference client away from Segwit2x.

Segwit2x Working Group Announces the Hard Fork Roadmap

The infighting and attempt to disconnect Core software 0.15.0 further solidifies people’s theories that the cryptocurrency community could see a third bitcoin. A vast majority of bitcoiners are discussing this subject fervently and come November the Bitcoin network may see some fireworks again.

What do you think about Segwit2x going forward? Do you think we will see a 2MB block size increase on the Bitcoin network? Let us know your thoughts in the comments below.

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  • Ifemayowa Omotunde-Bank


    • Tybello

      Good thought

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  • David Jerry

    Bring on the 2nd fork. Freedom of choice is the core of what decentralization is about

  • gotroch

    It is all about (not) being stubborn, not about technology. 2MB hard fork is a very delicate issue. A make an appeal to core and miners: discuss and do not be stubborn. If a large consensus on yes/not doing hard work will be reached, things will go smooth and price will go up.

  • StevenK

    You do know that there are other crypto assets that have integrated governance(voting) into their coin? One even did a user voted hard fork this last month to improve their blockchain. It was a no drama event.

  • They moving forward with the plan and this is good for Bitcoin instead of the boring civil war.

  • Sure by coin dance and duplicated votes. Where else are there accounting that can be examined? Seems like it will divide.

  • Will the Bitcoin Core developers show their real character and attempt to stop it?

  • Jay Mackay

    I am fine with whatever helps BTC make more valuable and accessible to main stream and not just few. I find it hard to believe that such intelligent and logical people fighting like politicians. We have something very good happening for the entire globe let us not dilute the impact by all this petty issues and all of you do what is good for everyone in the long run in keeping with the intent and purpose of Bitcoin.

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