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The Future of Bitcoin Core Looks Bright Again with BIP-91

Jul 19, 2017 BitcoinBlockchainInsightsNews 0

Bitcoin Improvement Proposal (BIP) 91 combines Segwit2x and BIP-148 to avoid a Hard Fork. Miners began signaling for BIP-91 before July 21st and this is great news for those who wanted to avoid a chain split in the network.

BIP-91 activation requires 80% hashrate and needs to continue for a 336 block period in order for Segwit to “Lock In”. Looking at Bitcoin Blockchain Statistics, the Bitcoin ‘community’  is very close to a majority agreement. It seems as if miners realized that a User Activated Soft Fork (UASF) would take away their control over future network upgrades, therefore beginning early signaling before the start date, July 21st.

Don’t kid yourself though, this topic of conversation is far from over. We are the pioneers of this new cryptocurrency world and this won’t be the last time BTC, or any other Altcoin, have issues within their respective networks. The next step is to keep an eye out for the 336 blocks needed to lock in BIP-91 and circle these key dates on your calendar to stay informed.

BIP91

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Jacques Y

Jacques is a founding partner and CEO of CryptoCanucks.com with a background in marketing and finance. He has a well-rounded foundation of knowledge in Investing, trading, blockchain and researching both Forex and the Cryptocurrency markets.

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