Segregated Witness Has Officially Activated on the Bitcoin Network

Segwit Is Now Live on the Bitcoin Network

Getting Things Done

Would not have happened without Segwit2x moving past the gridlock — Getting Things Done.

Moving on to Part Two of the Compromise and Spreading the Word About Segwit2x
Now that Segwit has activated users will be waiting to see if the protocol actually produces what developers claimed it did on bitcoin testnets. People will be waiting to see if it increases transaction throughput and makes fees cheaper over the course of the next few weeks. Today as Segwit activated Jeff Garzik has updated the ‘community’ about the next steps to follow which includes the 2MB hard fork. “As of this writing, we continue to have over 90% agreement from miners to move forward with Segwit2x. Segwit2x is officially locked in, and the plan is working,” explains Garzik. “During this quiet period, it will be easy to forget about Segwit2x as not much is expected to happen.”But we need everyone to keep spreading the word of what we’re doing and why it matters: we’re upgrading Bitcoin using Bitcoin’s long established upgrade mechanism, increasing Bitcoin’s scalability, and taking the unity path to keep the Bitcoin network united without a chain split. Please continue to tell the world how important Segwit2x is for Bitcoin, and help rollout more Segwit2x nodes.
Replay Protection, Uncertainty, and Celebration
In addition to this announcement, the Segwit2x working group has decided to use Gavin Andresen’s opt-in replay protection to the code base. Many bitcoiners were wondering how this would be handled, and now there will be a form of replay protection implemented. Segregated Witness is now live, and many people are excited, but the future is still uncertain for the next half of the Segwit2x plan. Until then some bitcoiners will be celebrating today’s milestone as it took a very long time to activate the Segwit protocol. What do you think about the Segwit protocol activating on the Bitcoin network today? Let us know in the comments below.Images via Shutterstock, Twitter, Coin Dance, and Pixabay.
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2MB Hard Fork Compromise Jeff Garzik Miners N-Technology Proposals Scaling Segregated Witness SegWit Segwit2X Technology Upgrade