Controversial Bitcoin Scaling Project SegWit2x New Code Released


The controversial scaling proposal, SegWit2x, is progressing with their plans, following their timeline. Jeff Garzik, Bloq co-founder and SegWit2x lead developer, said in an email that the new code is set to release on June 30, 2017.

Developers first introduced the SegWit2x in 2015, which has been one of the most controversial scaling proposals. Many Bitcoin network’s enterprises and miners commended the proposal, seeing it as a pragmatic solution to the network’s issues in transaction capacity. Of course, there are still those who derided it as a deal that misunderstands the nature of the cryptocurrency development and its intended design.

Despite some opposition, the Bitcoin scaling proposal emerged as unique, bringing together some of the largest contingent companies and mining pools supporting it.

Expectations on the new version

After two weeks of Alpha release testing, Garzik has confirmed the release of SegWit2x new code. This new version is expected to address issues and comments on the previous one and to mark a new phase for the said proposal.

Given that the proposal is supported by a large number of miners, the code could quickly acquire the necessary backing from the network to activate the upgrade.

Later on, if the project furthers as planned, the Bitcoin’s long-awaited scaling optimization availability before August is possible. For now, this improvement or change in the network remains a matter of controversy and critique as enterprises and Bitcoin miners wait for it.

Alpha testing

The developers are not generous to the public when it comes to updating them about the testing process. According to some people who are involved in the project, they spent two weeks for testing, using a new testnet (“testnet5”) and a faucet that spits out fake coins to test the system.

Meanwhile, SegWit2x GitHub site showed that the developers are indeed testing the code. Purse CTO Christopher Jeffrey even identified and fixed bugs during the alpha testing change while others shared inputs and ideas.

Large companies currently supporting SegWit2 include Abra, Bitfury, Blockchain, BTCC, OpenBazaar, Purse and Xapo have been publicly supporting the development and testing. However, it is still unknown to the public who’s working on what.

Let’s block ads! (Why?)



                 We shall send it to the email you enter into the box below.

Please, check your mail for confirmation.

Don't forget to also download our app on:


Source: Cointelegragh

Bitcoin Market Price Chart in RealTime

Press Release Corner | Submit Your Press Release Here

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Frandi-WordPress-Banner-1   Glo-Advert-1   Plantain-chips-business-banner-1

We are your sleek arena for breaking news, business news, celebrity gist, Bitcoin & Blockchain news, job board, hot but fresh music and video download, sports news, robust live score, relationship tips and total entertainment.

We ensure your day is filled with excitement by keeping you abreast with happenings around the world that matters to you, your business and loved ones.

Our job board makes it easier for you to apply for your dream jobs because we believe the process of getting a job should not be hard or cumbersome.

So, the job board section closes the wide gap between job seekers and employers.

However, work without player, they say makes Jack a dull boy. In view of this, we get you fresh music and video releases including celebrity gist.


Copyright © 2017 Sleek Arena | Website Designed By Frandimore | Privacy Policy.

To Top