December 28 to See SegWit2x Protocol's Hard Fork
December 27, 2017
Contrary to the opinion of many members of the crypto community, the SegWit2x protocol is still destined to be published. The developers of the project announced its hard fork, scheduled already this Thursday, December 28. The superstructure will be carried out on Bitcoin network block 501451.
"The speed of transactions and the amount of commissions in Bitcoin's network, in all senses, have already reached their limit. Now this cryptocurrency has become impossible to be used, so we decided to make a new, "real" Bitcoin, just like Satoshi Nakamoto originally planned it. Very shortly our team will perform a hard fork, which has been planned for implementation since the middle of November. I guarantee that all BTC owners will be able to get their B2X-coins in a one-to-one ratio, and we will add a few extra coins to them, as a reward for their involvement in the progress, " said the project's author Jaap Terlouw.
Among the main advantages of SegWit2x the authors note the following:
- X11 Encryption Algorithm
- Speed of block creation - 2.5 minutes
- The block size increased to 4 MB
- Duplication protection
- Unique address format
- Recalculation of complexity after each block
According to the authors of the project, everything mentioned above will be available to users no later than on January 15, next year.
The following is a roadmap for embedding functions in SegWit2x.
It should be noted that the initial launch of this hard fork was canceled on November 8. The reason for it was