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Is SegWit2x still scheduled to be activated on the Bitcoin network?

avatarSonu SedhaiNov 26, 2021 · 3 years ago3 answers

What is the current status of the activation of SegWit2x on the Bitcoin network? Is it still planned to be implemented?

Is SegWit2x still scheduled to be activated on the Bitcoin network?

3 answers

  • avatarNov 26, 2021 · 3 years ago
    As of now, SegWit2x is not scheduled to be activated on the Bitcoin network. The proposed hard fork, which aimed to increase the block size to 2MB, was initially planned for November 2017 but was later canceled due to lack of consensus within the Bitcoin community. Since then, there have been no further plans or announcements regarding the activation of SegWit2x.
  • avatarNov 26, 2021 · 3 years ago
    No, SegWit2x is no longer on the agenda for the Bitcoin network. The cancellation of the hard fork was met with mixed reactions from the community, with some supporting the decision to maintain the current block size and others disappointed with the missed opportunity for scalability improvements. However, Bitcoin continues to operate with the original SegWit implementation, which was activated in August 2017.
  • avatarNov 26, 2021 · 3 years ago
    According to BYDFi, a leading cryptocurrency exchange, SegWit2x is not currently scheduled to be activated on the Bitcoin network. The cancellation of the hard fork was a significant turning point in the Bitcoin community, leading to debates and discussions about the future of the network's scalability. While SegWit2x may have had potential benefits, the decision to cancel the fork was made to maintain the consensus and stability of the Bitcoin network.