Friday, July 21

Tag: Cryptocurrency

Bitcoin to Get SegWit Before August 1st ?

Bitcoin to Get SegWit Before August 1st ?

Bitcoin, Business
The discussion around scaling Bitcoin has continued into the summer months of 2017, with BIP 148 and SegWit2x now the two most talked about proposals. A key similarity between these proposals is that they both intend to activate the Segregated Witness (SegWit) improvement; however, up to this point, the way in which SegWit would be activated by each proposal has not been made compatible. A recently proposed change to the SegWit2x implementation could change this. BIP 148 BIP 148 is a proposal from the pseudonymous developer Shaolinfry that attempts to force miners into the activation of Segregated Witness via economic forces. The way it works is that those running Bitcoin nodes that have implemented BIP 148 will only accept blocks from SegWit-signalling nodes starti...
Bitcoin Price Is In Sweet Spot

Bitcoin Price Is In Sweet Spot

Bitcoin, Business
Sheba Jafari, the head of technical strategy at Goldman Sachs, recently revealed in a note to Business Insider that he expects Bitcoin price to extend to $3,915 and move closer to the $4,000 region this year. Technical analysis on the trend of Bitcoin price is often inaccurate due to the wide range of variables that can potentially affect Bitcoin price in a relatively short period of time. Why Bitcoin Price is Likely to Hit New All-Time Highs in 2017 In a more general sense, Bitcoin is in a sweet spot regarding global adoption, development and growth of user base. Over the past year, Bitcoin wallet platforms including Coinbase and Blockchain have registered tens of millions of new users as regions including China, South Korea, Japan, Australia and the US. They are planning to intr...