Mike Belshe: SegWit2x Will be Suspended Indefinetly
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He rejects "replay protection" as a misnomer in the Segwit2x context. Belshe, a Bitcoin pioneer himself, is determined to make the digital currency usable for business. To achieve this status, though, Bitcoin needs to scale — everybody agree on that.
But there are different views as to how scaling can be bitgo ceo mike belshe. Belshe sees Segwit2X as a small change to the protocol: Belshe does not take into account arguments and concerns of the "other" side of the scaling debate about the increased block size without replay protection. On the contrary, he hints that Segwit, activated in Bitgo ceo mike belshe network in August, has not delivered yet. Belshe goes on to explain the types of nodes in the Bitcoin network.
There are, he says, about 8, public full nodes, 90, private full nodes, and about 15, SPV nodes light Bitcoin clients which do not fully verify each block. The rest, millions of SPV nodes, need no upgrade at all, he adds and explains: Belshe even has a pie graph showing how many Bitcoin nodes are Segwit2x-ready even now.
Because replay protection requires changing the transaction format, which means all these millions of SPV nodes would be incompatible with bitgo ceo mike belshe Segwit2x chain, once the hard fork is active. The article, retweeted by lead developer Jeff Garzik, is worth reading as it communicates the thinking inside the Segwit2x work group.
For the rest of us, we need just to watch how the whole thing will evolve in coming November. And remember to secure our private keys in bitgo ceo mike belshe to survive the upcoming Bitcoin hard forks.
Please bitgo ceo mike belshe here if you are not redirected within a few seconds. By doing so, Replay protection is a misnomer when it comes to Segwit2x The article, retweeted by lead developer Jeff Garzik, is worth reading as it communicates the thinking inside the Segwit2x work group. This article should not be taken as, and is not intended to provide, investment advice on Bitcoin, Cryptocurrencies or finance in general.
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