UASF/Segwit2x Scenarios and Timelines

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A bunch of miners started signaling for BIP91 yesterday and a lot of people are feeling more hopeful about the state of Bitcoin as Segwit looks to lock in and activate. In this post, I’m going to update you on the latest developments and what could happen when.

BIP91 Signaling

In case you are not familiar, BIP91 is a mechanism by which Segwit (BIP141) can get activated using only 80% of network agreement instead of the 95% required by BIP141. Essentially, BIP91 requires blocks to signal for BIP141 once 80% of a 336-block epoch signals at bit 4. After BIP91 activation, if blocks don’t signal for BIP141, these blocks are orphaned in exactly the same fashion as BIP148 (UASF) is supposed to do. This is a way to front-run BIP148 and remove the possibility of a fork.


https://medium.com/@jimmysong/uasf-segwit2x-scenarios-and-timelines-1a540336c4be

19 Stories To Get You Up To Speed on Bitcoin Scaling

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The conversation on how to best upgrade the bitcoin network to accommodate a greater transaction capacity has been a long one, dating back to the earliest forums and message boards. However, it wasn’t until 2014 that the idea that bitcoin’s technology may need to adapt to increasing usage entered the industry spotlight.

Since then, there’s been a heated, seemingly non-stop debate that, at best, has showcased the depth and creativity of the developers working on the open-source project, and at worst, has shown the damage a 24-hour online commentary can have on scientific pursuits.

Now, as the scaling debate heads to what could be a notable milestone, CoinDesk looks back at the major stories that have shaped the narrative.

For a crash course, take a tour of 19 stories we believe are essential reading to get up to speed. For news and up-to-date information, check out our full selection of guides here.

http://www.coindesk.com/behind-bitcoin-drama-short-history-scaling/

The Segwit2x Boycott: Bitcoin’s UASF Isn’t Backing Down From August Deadline

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Much of the bitcoin community is resistant to the idea of centralized control.

So it shouldn’t come as a surprise that some have developed a similar opposition to bitcoin scaling proposals that appear to have centralized leadership.

And, some would argue there’s no bigger offender in this vein than Segwit2x.

http://www.coindesk.com/segwit2x-boycott-bitcoins-uasf-isnt-backing-august-deadline/

Bitcoin Price Drops Below $2,000 as Crypto Markets Fall Toward $70 Billion

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The price of bitcoin hit a 49-day low today, falling below $2,000 for the first time in weeks amid a broad sell-off across crypto assets.

The value of the total supply of all cryptocurrencies and crypto assets tracked similarly, dropping to $72bn, a figure that was 37 percent lower than its all-time high of $115bn set in June.

http://www.coindesk.com/bitcoin-price-drops-near-2000-crypto-markets-fall-toward-70-billion/

Litecoin’s Price Reaches New All-time High of $56 as Competitors Lose Momentum

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The past few weeks have been exciting for Litecoin. Now that LTC broke its previous all-time high earlier today, things are looking good for the altcoin. This price increase is a culmination of all of the good news surrounding Litecoin over the past few months. With this in mind, Litecoin seems to be a more solid investment than both Bitcoin and Ethereum at this time.

https://themerkle.com/litecoin-reaches-new-all-time-high-of-us56-as-competitors-lose-momentum/

India Looks To Blockchain for E-Governance

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Hyderabad, the capital of Telangana and de jure capital of Andhra Pradesh, will be integrating blockchain technology into its government affairs. The two Indian states are pursuing assistance from blockchain startups as they assess the technology for data security. Several other state governments within the country, such as Karnataka, Gujarat, and Maharashtra, have also started exploring the application of blockchain technology for governance.

https://www.ethnews.com/india-looks-to-blockchain-for-e-governance