Published On: Mon, Jul 17th, 2017

The Biggest Mining Pool is Now Signaling to Keep Bitcoin Whole

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BIP91 blocks have been successfully mined by BiXin and Antpool helping to allay fears that Bitcoin could split in the face of incompatibility between rival Segwit2x and BIP148 implementations.
BIP91 (or Bitcoin Improvement Proposal 91) is the work of software engineer James Hilliard, it addresses incompatibilities between the competing SegWit2x and BIP148 protocols. Both bring SegWit to Bitcoin, except that SegWit2x refuses communication with BIP148, which would effectively cause Bitcoin to split in two.
What’s BIP91?
BIP91 seeks to address this problem by enabling SegWit2x and BIP148 to communicate. However, in order for BIP91 to be successful it must also be adopted by a significant number of mining pools in order to successfully activate. Activation of any of these SegWit improvements to Bitcoin need to gain a significant proportion of the Bitcoin network hashpower (80%) to be generated by miners and mining pools.

https://t.co/kmRKo9Ac5b join the party … we’re up to ~40% of all hashpower supporting BIP91 https://t.co/NapAXBO8QQ
— Alistair Milne (@alistairmilne) July 17, 2017

Rival Improvements
SegWit2x was agreed by Bitcoin companies and large miners, whereas BIP148 came from an independent groundswell of Bitcoin users and developers. The …

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