In a surprising, yet seemingly welcome move, the organizers of the next hard fork in Bitcoin’s lifespan have suddenly decided to suspend their plans to start increasing the block size of the cryptocurrency. The plan was originally scheduled to commence around November 16th.
In an email, Mike Belshe, the CEO and co-founder of a bitcoin wallet software said ‘Segwit2x hardfork has been called off! Common sense prevails. Let’s now work together towards scaling safely. We may need something like a 2x hardfork in the future, but let’s do it when there’s consensus and not rushed’. 🚀
Another Segwit2x developer Jean-Pierre Rupp stated, “I guess I can now pay more attention to more fruitful technical pursuits than following the news and fighting trolls online.”
The price of Bitcoin has been volatile this week, with more new records followed by significant dips and renewed rallying.
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