Segwit2x is canceled after lack of consensus

In the absence of a week for the release of Segwit2x, Bitgo’s CEO, Mike Belshe, sent a message to the community stating that the next Segwit2x branch is suspended.

Our goal has always been a smooth upgrade for Bitcoin. Although we strongly believe in the need for a larger blocksize, there is something we believe is even more important: keeping the community together. Unfortunately, it is clear that we have not built sufficient consensus for a clean blocksize upgrade at this time. Continuing on the current path could divide the community and be a setback to Bitcoin’s growth. This was never the goal of Segwit2x.

Belshe commented. The message was also signed by the leaders Wences Casares, Jihan Wu, Jeff Garzik, Peter Smith and Erik Voorhees.

As a result of this Bitcoin would rise by 10% reaching a historical record of almost $ 7,800 after the news given by Mike Belshe, because confidence returned to the mother cryptocurrency unanimously, although everything that goes up, down, and has already begun to go down.

The world of Bitcoin has been divided several times by internal struggles, this time in the case of block size and scalability, because Bitcoin’s transaction capacity is very small, perhaps the Achilles heel of the mother cryptocurrency, this is not It can be used without charging transaction fees that are getting higher and higher.

Despite reneging on the bifurcation, they still hope that, finally, the need for the capacity increase in the blockchain will become evident and somewhat necessary, as rates increase in the Bitcoin blockchain.

“We want to thank all those who contributed constructively to Segwit2x, whether they were in favor or against, their efforts are what make Bitcoin great, Bitcoin is still the best form of money that humanity has ever seen, and we are dedicated to protecting it. and promote it around the world. “

Bleshe finished by thanking the community for its support.

In the end the hard fork can be carried out by miners interested in it, although it is unlikely, it could happen. If everything continues as planned, the problems of scalability in Bitcoin will be solved in the future, perhaps in a future closer than we think, meanwhile, the solution seems that we already have it.