Bitcoin fork Segwit2X turned into the preeminent news of the year. the SegWit2x venture, which caused a long time of verbal confrontation and infighting among the Bitcoin community before its very late cancelation in November, now says it will fork off at square 501451, TODAY.
As indicated by coinmarketcap.com, in only 3 days Bitcoin Market capitalization expanded by 40,000,000,000 USD! With the upcoming fork date, which will occur on December 28 at square 501451.
The hardfork will be implemented at block 501451, the estimated date of this block generation is December 28, 2017. In addition, we guarantee that all BTC holders will receive reward for your commitment to progress, the proportional number of Bitcoin of Satoshi Nakamoto pic.twitter.com/qpVXa7ImKU
— Segwit2X (@Segwit_2X) December 19, 2017
The undertaking’s Founder and Lead Developer, Jaap Terlouw, expressed on their site that the fork expects to address issues of “Commission and transaction speed within the Bitcoin network has reached extraordinary values. It is almost impossible to use it as a means of payment. Our team will carry out the Bitcoin hard fork, which was planned for mid-November.”
The organizer additionally guaranteed that notwithstanding the regular routine about acknowledging BTC holders for equal balances of the new coin (B2X), they would likewise get “a relative number of Satoshi Nakamoto’s Bitcoins as a reward for their sense of duty regarding progress.”
Altogether, eight trades are recorded as official supporters of the fork. To be specific HitBTC, Binance, GDax, and BTCC have affirmed their help of the fork. The venture’s guide incorporates highlights, for example, Lightning Network bolster, smart contracts and, eventually, Anonymous transactions.
According to their official website, The segwit2x is coming with these Features which will be available as early as 15.01.18 :
Use of X11 encryption algorithm
High block generation rate – 2.5 minutes
Recalculation of complexity after each block
Block size increase up to 4mb
Unique address format