RUMOUR: Did Bitcoin Finally Agree To Integrate SegWit ?!
bitcoin·@sirwinchester·
0.000 HBDRUMOUR: Did Bitcoin Finally Agree To Integrate SegWit ?!
<center></center> <br> ## Rumour has it that Bitcoin Miners finally agreed to integrate SegWit for Bitcoin within the next 3 months! This could be a huge development for Bitcoin as well as the **whole cryptocurrency world!** ***Nothing has been confirmed yet,*** but several sources reported in the last few hours that Bitcoin Miners *might* have finally come to a **conclusion**. ### What is SegWit and why is it important? The Bitcoin network is currently **overloaded** - it's getting more and more popular, so the network has to deal with more transactions than it was built for. Currently, it can mange 7 transactions per second. Due to this capacity overload, some transactions are currently taking **too long to be confirmed.** This is where SegWit comes in: SegWit stands for ***segregated witness.*** It's a process which ***reduces*** the size of blocks on a blockchain, by removing signature data from the transactions. Therefore, there is ***additional capacity*** on the blockchain for more transactions and confirmations can be completed quicker. <center>http://i.picresize.com/images/2017/05/22/ExPD.jpg</center> ## The Rumours #### There have been several rumours about the Bitcoin SegWit activation and a 2MB block size in the last couple of hours. A [post on reddit](https://www.reddit.com/r/Bitcoin/comments/6cke9d/charlie_shrem_confirms_that_segwit_is_getting/) showed a screenshot of ***Charlie Shrem*** supposedly hinting about the update in a ***Telegram group***, telling people that there were **big, segwit-related news** and that people should **buy bitcoin now.** <center></center> <center></center> #### Whether this conversation is real would still have to be confirmed. ### CoinDesk's huge Consensus 2017 Conference has just kicked off in New York City today, and supposedly some Bitcoin Miners met up yesterday to discuss the SegWit activation. **Jihan Wu** and **Barry Silbert** supposedly also confirmed the integration of SegWit into Bitcoin. Entrepreneur **Alistair Milne** tweeted that a ***meeting*** organized by Silbert at Consensus produced what *“may conclude the Bitcoin scaling debate (for now).”* <center></center> You can read more about the Bitcoin SegWit activation in [this](https://bitcointalk.org/index.php?topic=1928218.0) and [this](https://bitcointalk.org/index.php?topic=1928093.0) bitcointalk thread. ### According to these sources, SegWit could be activated within the next 3 months - or even earlier! Rumour has it that an ***official announcement*** will follow tomorrow. This would mean that the Bitcoin price could make a ***huge jump*** tomorrow, but eventually other Altcoin prices may drop as all eyes are on Bitcoin. <br> ### <center>*What's your opinion on this? Will the SegWit-BTC-Activation happen sooner than we think ?!*</center> <br> <br> *Sources: [1](https://www.reddit.com/r/Bitcoin/comments/6cke9d/charlie_shrem_confirms_that_segwit_is_getting/), [2](https://cointelegraph.com/news/bitcoin-price-hits-2150-following-rapid-progress-in-segwit-scaling-talks), [3](https://www.btc-echo.de/bitcoin-miner-einigen-sich-auf-segwit-aktivierung/), [4](https://bitcointalk.org/index.php?topic=1928218.0), [5](http://www.newsbtc.com/2017/05/22/rumour-segwit-will-activated-bitcoin-network-soon/), [6](https://bitcointalk.org/index.php?topic=1928093.0), [7](https://cointelegraph.com/news/bitcoin-miners-agree-in-ny-on-segwit-activation-before-september-sources), [8](https://www.btc-echo.de/bitcoin-miner-einigen-sich-auf-segwit-aktivierung/)* <br> <p><hr><br> <a href="https://www.instagram.com/sirtonywinchester/">- Instagram -</a></p> <p><a href="https://www.facebook.com/groups/397766613731804/">- Steemit FB Group - </a></p> <a href="https://steemit.com/@sirwinchester"><img src="https://media.giphy.com/media/26xBKipQZYbBFWbJe/giphy.gif "/></a> <p><em><strong>© Sirwinchester</strong></em></p> <p><br></p>
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