[2017-12-25] On December 28, the Segwit2X hard fork will be launched.

[aalfadhala]

On December 28, the Segwit2X hard fork will be launched. This will break the bitcoin network into two main chains: Bitcoin Core (original bitcoin) and Bitcoin Segwit2X (B2X).

More: https://coinblip.com/blog/new-era-crypto-segwit2x-better-bitcoin/

Thoguhts?

[1715129348]

1715129348

[DooMAD]

//EDIT:  Potential Scam
I've posted a warning about this in the Beginners & Help forum to warn of the potential hazards with this perverted doppelganger of a project. //


With barely 5% of miners still flagging for NYA, such as BW Pool and BitClub, I can't help but think they've missed their window of opportunity.  It lacks the impetus and momentum it once had.  Then again, miners can be quite fickle and impulsive.  Not to mention most of them don't seem to update their coinbase text that often.  So who knows what they're really thinking?  Either way, SegWit2x probably won't be the spectacle it otherwise could have been had the developers not called it off.  My suspicion is that most of the hashrate will stay where it is and 2x will likely pass by without too much fanfare.  It occupies an awkward middle-ground that the partisan extremes of this community refuse to tread.

[buwaytress]

Wait, didn't that already happen sometime last month, if I recall even with slightly less than the 5% signalled support DooMAD notes (and as noted also, some of these miners probably don't even realise they're still signalling it). Coinbase for some reason even took note of the fork but then neglected to update on what happened. Must be a different group, since I never heard the name Jaap Terlouw before. Strange the article doesn't provide any source or link that I could find.

I wonder what's the best case scenario if somehow all of that 5% did go for this fork. Would be days before they could find a new block, and then maybe a couple more empty ones before difficulty switches, and then what? Come to think of it, I wonder how the other Dec forks are doing. I see their futures trading on small exchanges...

[jjacob]

The founder of the project Jaap Terlouw is doing everything possible to attract the miners into the ranks of the new cryptocurrency. He gave a promise of giving out a similar amount of B2X to all BTC holders. The block size is increased to 4 MB, and the block extraction speed is 2.5 minutes. Also, Segwit2X has protection against duplication of transactions and uses the X11 encryption algorithm.

What is this - somebody trying a new gimmick under the Segwit2X name? Why should the developer 'promise' to give out similar coins - Isn't it understood that users will get equal amounts of a forked coin? And if the block size if 4 MB and rate of generation of blocks is different, it is a far cry from Segwit2X as I understand it.

[DooMAD]

The founder of the project Jaap Terlouw is doing everything possible to attract the miners into the ranks of the new cryptocurrency. He gave a promise of giving out a similar amount of B2X to all BTC holders. The block size is increased to 4 MB, and the block extraction speed is 2.5 minutes. Also, Segwit2X has protection against duplication of transactions and uses the X11 encryption algorithm.

What is this - somebody trying a new gimmick under the Segwit2X name? Why should the developer 'promise' to give out similar coins - Isn't it understood that users will get equal amounts of a forked coin? And if the block size if 4 MB and rate of generation of blocks is different, it is a far cry from Segwit2X as I understand it.

Good catch.  I was skimming through the article thinking it was the usual spiel and didn't even notice that.  This is a completely different proposal, so buwaytress is probably correct in that the actual SegWit2x already happened and was so far under the radar that nobody realised or cared, heh.  As if all these forks weren't confusing enough, now they're using the same names?

Also, since SegWit already has a 4MB blockweight, does this mean the Base weight is 4MB and the Witness weight is therefore 12MB?  Or have they just stuck to the same blockweight and relied on changing the timings?  I mean, if they're forking from the current chain, surely they don't need to "increase" anything when it's already 4MB.  So that implies they're quadrupling the blockweight as well as quadrupling the block speed.  Sounds like massive overkill if so.  Perhaps we should call this one SegWit32X.

[gabbie2010]

On December 28, the Segwit2X hard fork will be launched. This will break the bitcoin network into two main chains: Bitcoin Core (original bitcoin) and Bitcoin Segwit2X (B2X).

More: https://coinblip.com/blog/new-era-crypto-segwit2x-better-bitcoin/

Thoguhts?

The upcoming hardfork segwit2x is coming to solve delayed and unconfirmed transactions on blockchain (scalability issues) according to a reliable source.
This issues has to be tackled once for all by increasing network capacity, the formation of B2X altcoin is also a welcome development but increment of the block to 4MB and production rate of 2.5 minutes implementing the function of the complex nature of each block should address those issues.