Skip to main content

Miner source: SegWit to happen before September

A great news is just awaiting for all Bitcoin lovers including me. As I'm currently holding over 1K BTC, everyday mempool lagging depresses me about Bitcoin's success & gives me tension a lot. Bitcoin has a very bright future which is now being spoiled by its own popularity. Everyday thousands of transactions are being unconfirmed for almost over 72 hours. Yes, block scaling issue is the great problem for Bitcoin's success of all the time.
Today I just found the news on Cointelegraph & feel excited --

Bitcoin Miners Agree in NY on SegWit Activation "Before September": Sources

Yesterday, on May 21 all major Bitcoin miners have arranged a meeting where they have reached an  agreement to go for SegWit activation. This meeting was held in the city of New York. It's an undoubtedly a very good start to the important Consensus conference that united important  movers and shakers of the crypto industry. 
Currently blocks supported by major miners are shown as below on coindance --
SegWit : 34%
Bitcoin Unlimited : 40%
And Nodes run on --
Bitcoin Core (SegWit) : 85%
Bitcoin Unlimited : 9%

Global Bitcoin Political Support & Public Opinion

SegWit : 86%
Bitcoin Unlimited : 26%
It's clear that majority of the Bitcoin users, supporters & investors want to activate SegWit, but, some big Chinese miners i.e. Antpool, ViaBTC, BTC.top, Canoe, GBMiners etc. are against SegWit.
Recently, Litecoin successfully activated SegWit & price has risen from $4 to $30. So, if SegWit activated on Bitcoin then not only the transactions will be faster confirmed but also price will get a big jump.
And, as the other alternative option Bitcoin Unlimited is buggy and is not safe to run Bitcoin network on it, we only have one option SegWit Activation.
According to  Charlie Shrem’s messages  in the Whalepoolbtc Telegram chat -
“When I have all the details I will tell you, it's still  all being processed,” Shrem wrote, adding that he was “bullish” and  confirming the news was to do with SegWit. 
I think these two message state that there was “big news” coming from the Consensus conference.
Shrem’s optimism relates to a group of Bitcoin businesses, which  together with at least Jihan Wu and Barry Silbert, allegedly agreed to  enable SegWit “in September 2017.” 
According to entrepreneur Alistair Milne, a meeting organized by Silbert  at Consensus produced what “may conclude the Bitcoin scaling debate  (for now).” 
A news from an anonymous source is that "SegWit activation will occur before that date".  Core developer Luke-jr  has already confirmed that the implementation date would in September this year. 

Reference :
Tags : Bitcoin, Cryptocurrency, Blockchain, News, Money,
This Post Was Published On My Steemit Blog. Please, navigate to steemit and cast a free upvote to help me if you like my post. First Time heard about Steemit ? Click Here To Know Everything About Steemit 



Labels:

Comments

Post a Comment

Popular Posts (Last 7 Days)

Before A Heavy Rainfall

I clicked at the exact time ; after about 5 minutes rain started Location : Dakshineswar, Kolkata Snap taken : 02 August 2016 Camera : Xiaomi ; model - 2014818 Tags : Photography, Nature, Landscape photography, Flowers & Plants photography, Sky,  This Post Was Published On My Steemit Blog . Please, navigate to steemit and cast a free upvote to help me if you like my post. First Time heard about Steemit ? Click Here To Know Everything About Steemit  $3 Donation [Fixed] Donate $Any Amount
Post a Comment
Read more

One Black & White Photograph Daily for 30 days - Day #25

green yard - behind of my village home Camera : Xiaomi Model : 2014818 Location : Bongaon, West Bengal, India Snap Taken : 14 March 2016 Tags : Black & White Photography, Flowers & Plants photography, Landscape photography, Nature, Photography,  This Post Was Published On My Steemit Blog . Please, navigate to steemit and cast a free upvote to help me if you like my post. First Time heard about Steemit ? Click Here To Know Everything About Steemit  $3 Donation [Fixed] Donate $Any Amount
Post a Comment
Read more

What I Learnt Today : 10 Unknown Amazing Facts About Animals - Part CXXXIII

  image credit (1) Japanese Macaques make snowballs for fun. (2) The chevrotain is an animal that looks like a tiny deer with fangs. (3) Turritopsis nutricula Immortal jellyfish is the only species known to live forever. (4) One million stray dogs and 500,000 stray cats live in New York City metropolitan area. Turritopsis nutricula Immortal jellyfish   image credit (5) Nine-banded armadillos always give birth to identical quadruplets. (6) The flying frog uses flaps of skin between its toes to glide. (7) It takes a sloth two weeks to digest its food.   Nine-banded armadillo   flying frogs   image credit (8) A narwhal tusk is actually an exaggerated front left tooth, and unlike most teeth, it's soft and sensitive on the outside with a tough interior. (9) Humpback whales create the loudest sound of any living creature. (10) The slowest mammal on earth is the tree sloth. It only moves at a speed of 6 feet (1.83 meters) per minute. slot...
Post a Comment
Read more

Close Shot - Red Chili (Chili pepper)

Red Chili  is one kind of fruit of plants from the genus Capsicum and species Frutescens. So, it's scientific name is  Capsicum Frutescens . They are vastly used in all kinds of bengali curry and spicy dishes. They are also used in many cuisines to add spiciness to dishes. Nutrition Facts [per 100 gm] Total Calories 35 Fat 0% Cholesterol 0% Sodium 0% Potassium 10% Carbohydrate 2% Dietary fiber 6% Sugar 0% Protein 3% Vitamin A 19% Vitamin B-6 25% Vitamin C 240% Iron 5% Magnesium 5% Calcium 1% [Source of Nutrition info :  wikipedia ] Location : Barasat, Kolkata, West Bengal Snap taken : 14 March 2018 Camera : samsung; model - SM-A310N0 Tags : Photography, Nature, Fruits, Fruits photography, Macro Photography,  This Post Was Published On My Steemit Blog . Please, navigate to steemit and cast a free upvote to help me if you like my post. First Time heard about Steemit ? Click Here To Know Everything About Steemit  $3 Donation [Fixed] ...
Post a Comment
Read more

The Real Face Of India - Episode 133

The Real Face Of India - Episode#133 I believe that India is the most beautiful country in the world. In this series I show the real face of beautiful India. Half Dozen Photos of Natural Beauties Snap taken : 21 Mar 2018   Camera : SAMSUNG, Model : SM-A310N0 Other Episodes :  Episode#01 ,  Episode#02 ,  Episode#03 ,  Episode#04 ,  Episode#05 ,  Episode#06 ,  Episode#07 ,  Episode#08 ,  Episode#09 ,  Episode#10 ,  Episode#11 ,  Episode#12 ,  Episode#13 ,  Episode#14 ,  Episode#15 ,  Episode#16 ,  Episode#17 ,  Episode#18 ,  Episode#19 ,  Episode#20 ,  Episode#21 ,  Episode#22 ,  Episode#23 ,  Episode#24 ,  Episode#25 ,  Episode#26 ,  Episode#27 ,  Episode#28 ,  Episode#29 ,  Episode#30 ,  Episode#31 ,  Episode#32 ,  Episode#33 ,  Episode#34 ,  Episode#35 ,  Episode#36 ,  Episod...
Post a Comment
Read more

Monkey, Tree & Temple

Just Outside The Dakshineswar Kali Temple Location : Dakshineswar, Kolkata Snap taken : 02 August 2016 Camera : Xiaomi ; model - 2014818 Tags : Photography, Animals photography, Wildlife photography, Building & Architecture, Flowers & Plants photography, Nature, Landscape photography,  This Post Was Published On My Steemit Blog . Please, navigate to steemit and cast a free upvote to help me if you like my post. First Time heard about Steemit ? Click Here To Know Everything About Steemit  $3 Donation [Fixed] Donate $Any Amount
Post a Comment
Read more

Newslink: Zimbabwe Unleashes New Dollar-Pegged Currency, Should Switch to Bitcoin Instead

Zimbabwe Unleashes New Dollar-Pegged Currency, Should Switch to Bitcoin Instead image credit Zimbabwe has begun printing bond notes, allegedly pegged to the US dollar, as a means to curb inflation, as other countries turn to Bitcoin. In a resurrection of the African country’s currency not seen in seven years, the central bank is attempting to restart a Zimbabwean national currency, while simultaneously preserving its value from inflation. The new bond notes are pegged to the U.S. dollar, allegedly backed by a $200 million bond facility with Afreximbank, as a safeguard against rapidly losing its value to hyperinflation, as was the case with the nation’s last currency. Read full story on  cointelegraph website Tags : Bitcoin, Cryptocurrency, Economics, Money, News, Crypto Markets,  This Post Was Published On My Steemit Blog . Please, navigate to steemit and cast a free upvote to help me if you like my post. First Time heard about Steemit ? Click He...
Post a Comment
Read more

HOW GOOGLE'S NEW A.I. MICROCHIPS TAKE A PAGE FROM BITCOIN MINERS

Yesterday at  Google’s I/O developers conference , CEO Sundar Pichai briefly spoke about a custom-built chip that helps give Google its edge in machine learning and artificial intelligence. The chip, dubbed a TPU or Tensor Processing Unit (in keeping with  Google's A.I. platform TensorFlow ), is specifically wrought for running Google’s decision-making algorithms.  Most companies like Facebook and Microsoft use GPUs  for their machine learning and artificial intelligence.But Pichai’s speech and the  accompanying blog post  only reveal a few details about TPUs. About the only useful thing we know about the chip is that it’s an ASIC, or application-specific integrated circuit. ASIC chips aren’t bought off the shelves, but designed specifically to do one task very well without using a lot of power. They’re used in applications that never change, like the controlling how a phone battery charges. .............................. [ read full story ] Ta...
Post a Comment
Read more

One day at the Zoo -Episode #07

Two weeks ago I visited "Alipore Zoological Gardens" in Kolkata which is mostly known as "Alipore Zoo". It was founded in the year of 1875 in British India. And it was established by Edward VII, and then The prince of wales. This zoo is the biggest attraction of the tourists in the "City of Joy". However, the Alipore Zoo has some notable historical value as it's the most old zoological garden in India. The zoo was also famous for the home of "Aldabra giant tortoise". But, in 2006 the tortoise died at the age of almost 250. There are now over 1266 animals of 108 species are living in the Alipore Zoo. And annual visitors of the zoo is about 3 millions. **I captured some photos, but, due to the obstacle of the fence I couldn't take them very clearly. ** To be continued ... Episode #1 ,  Episode #2 ,  Episode #3 ,  Episode#4 ,  Episode#5 ,  Episode#6 source of info :  Wikipedia Tags : Animals, Animals photography, Ph...
Post a Comment
Read more

One Black & White Photograph Daily for 30 days - Day #24

an unknown bird singing on my friend's window Camera : SAMSUNG Model : GT-I8262 Location : Bongaon, West Bengal, India Snap Taken : 23 february 2015 Tags : Black & White Photography, Photography, Birds, Birds photography,  This Post Was Published On My Steemit Blog . Please, navigate to steemit and cast a free upvote to help me if you like my post. First Time heard about Steemit ? Click Here To Know Everything About Steemit  $3 Donation [Fixed] Donate $Any Amount
Post a Comment
Read more
Back to Top