1 Day Left Until BITCOIN Segwit2X Hard Fork – Ethereum World News

One of the main hard forks te the history of Bitcoin named Segwit2X, will be released on December 28th, on the block 501451. It wasgoed expected to occur te mid-November, but the date wasgoed redefined. Still, futures trading has began and is still conducted at numerous exchanges at a price about 0.04 BTC (HitBTC).

Hard fork plans to solve the fundamental problems of BTC, while its objective is not the replacement of the llamativo Bitcoin, but the effective coexistence of two cryptocurrency networks. At the same time, the miners and developers believe that B2X will little by little displace the flamante Bitcoin ter the field of micro and medium transactions.

Presently, futures for this fork are already traded on such exchanges, spil: HitBTC, Exrates, YoBIT, spil well spil they are available ter such wallets spil Zumminer, Webmoney, etc. After the announcement of the renewal of the project, the cost of futures enlargened more than Trio times.

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Bijzonder from implementation of Segregated Witness, a fresh version of Bitcoin already has other significant improvements. The size of a block wasgoed enhanced to Four mb, the rate of block production reached Two.Five minutes. Each Segwit2X holder will receive a unique address format. Moreover, the complexity of mining will be recalculated after each block. Segwit2X uses X11 encryption algorithm and has protection against repeated transactions.

This is not a utter list of improvements. Some features are being developed and implemented at the uur, some are planned and included into the Roadmap. Soon Segwit2X will be even more advanced after getting such fresh functions spil ZkSnark, Wise Contracts, anonymous transactions and support for Lightning Network for instant transactions.

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When the fork occurs, each BTC holder will have an chance to receive B2X ter the ratio of 1:1 spil well spil a pleasant toeslag. It is known that Bitcoin of Satoshi Nakamoto mined te the very first year of network’s existence will be proportionally distributed among those who stayed committed to the cryptocurrency. Te the very near future, there will be an option made additionally available for users to receive coins by extracting a private key ter their Bitcoin’s segwit2x wallet.

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If the exchange or used wallets do not support this fork and does not accrue fresh coins to users, it actually means that they take them by themselves. Due to this, community support is enormously significant if everyone wants to receive a Fresh Year’s premie. Each user has the right to ask the exchange or wallet the question about adding Seqwit2x fork. The more such questions will be, the quicker the exchanges and wallets will be able to make a positive decision and accrue the holders of Bitcoins with their constitucional money — Bitcoin Segwit2X.

Spil the project CEO, Jaap Terlouw, says: “Commission and transaction speed within the Bitcoin network reached inconceivable values. Te the last month, the media commission of the network wasgoed 15 US dollars! While Bitcoin turns into a digital analog of gold, it is simply unlikely to use it spil a payment instrument.”

The most common questions on crypto-forums are how to keep the mined coins, which coins to choose and what the hard fork will bring a ordinary crypto-investor. The answers to thesis and many other urgent questions can be found on the official webstek — http://b2x-segwit.io and ter the social channels of the project:

This is a paid press release. Ethereumworldnews does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products or other materials on this pagina. Readers should do their own research before taking any deeds related to the company. Ethereumworldnews is not responsible, directly or indirectly, for any harm or loss caused or alleged to be caused by or ter connection with the use of or reliance on any content, goods or services mentioned te the press release.

3 comments

  1. Good to see that tweet. Ceo sent a loterijlot of tweets to inform webstek not hacked. But this is the cryptomarket anything can toebijten at any time. Wij should always secure our Money from exchanges.

  2. Did you have money on Binance? Were you alarmed or certain? I had a few grand on there, far more than usual… Super glad it turned out ok, but still let this be a reminder to mij and everyone else, storing coins on an exchange is more scary than on a secure private wallet

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