HOW DO WE GET DOUBLE BENEFITS ON SEGWIT2X?
WHAT IS BITCOIN SEGWIT2X?
BITCOIN SEGWIT2X IS A
PROPOSED CHANGE WHICH IS INTENDED TO IMPROVE THE SPEED AND COST OF BITCOIN
TRANSACTIONS. IF THE UPGRADE IS NOT UNIVERSALLY ACCEPTED, IT MAY CREATE TWO
BITCOIN BLOCKCHAINS VIA A FORK OF THE BITCOIN NETWORK.
BITCOIN
UPCOMING HARD FORK IN MIDDLE OF NOVEMBER - ALL YOU NEED TO KNOW ABOUT IT.
WHAT’S GOING ON WITH BITCOIN NEXT? ↓ ↓ ↓
SEGWIT2X (B2X)
HOW
DO WE GET DOUBLE BENEFITS ON SEGWIT2X???
2.
ANY CUSTOMER WITH BTC BALANCE ON A) COINBASE B) UNOCOIN AT THE TIME OF THE FORK
WILL BE CREDITED WITH AN EQUAL(1:1) AMOUNT OF THE B2X ASSET ON THE BITCOIN2X
BLOCKCHAIN NO ACTION IS REQUIRED-AUTOMATICALLY CREDIT SYSTEM. SO IF WE HAVE
5 BTC STORED ON COINBASE & UNOCOIN BEFORE THE FORK; WE WILL HAVE 5 BTC
& 5 B2X FOLLOWING THE EVENT.
EXPECTED PRICE OF B2X
***WHAT’S GOING ON WITH
BITCOIN NEXT?
SEGWIT2X
►1ST AUGST
2017 à BITCOIN CASH (BCH) à 8MB àSHA 256
►23 AUGST 2017 à BITCOIN (BTC) à SAGWIT à 1MB à SHA 256
►24 OCTOBER 2017 à BITCOIN GOLD (BTG) à SAGWIT à 1MB à
EQUIHASH
►MID NOVEMBER 2017 à BITCOIN SAGWIT 2X (B2X)
à 2MB à SHA 256
A result of the famous “New York Agreement”
Bitcoin Scaling Agreement at Consensus 2017
May 23, 2017
We agree to immediately
support the following parallel upgrades to the bitcoin protocol, which will be
deployed simultaneously and based on the original Segwit2Mb proposal:
Activate Segregated
Witness at an 80% threshold, signaling at bit 4
Activate a 2 MB hard
fork within six months
We are also committed to
the research and development of technical mechanisms to improve signaling in
the bitcoin community, as well as to put in place communication tools, in order
to more closely coordinate with ecosystem participants in the design,
integration, and deployment of safe solutions that increase bitcoin capacity.
We welcome all
companies, miners, developers, and users to join us and
help prepare bitcoin for the future.
The group of signed
companies represents a critical mass of the bitcoin ecosystem. As of May 25,
this group represents:
58 companies located in
22 countries
83.28% of hashing power
5.1 billion USD monthly
on chain transaction volume
20.5 million bitcoin
wallets
Separately, as of May
24, the following companies have committed to provide technical and engineering
support to test and support the upgrade software, as well as to assist
companies with preparing for the upgrades:
Abra|BitClub
Network|Bitcoin.com|BitFury|BitGo|Bitmain|BitPay
Blockchain|Bloq|BTCC|Circle|Ledger|RSK Labs|Xapo
If you wish to dedicate
technical and engineering support from your team, please let us know and we will
include you in the list above.
Supporters as of May 25:
1Hash (China)
Abra (United States)
ANX (Hong Kong)
Bitangel.com /Chandler
Guo (China)
BitClub Network (Hong
Kong)
Bitcoin.com (St. Kitts
& Nevis)
Bitex (Argentina)
bitFlyer (Japan)
Bitfury (United States)
Bitmain (China)
BitPay (United States)
BitPesa (Kenya)
BitOasis (United Arab
Emirates)
Bitso (Mexico)
Bitwala (Germany)
Bixin.com (China)
Blockchain (UK)
Bloq (United States)
btc.com (China)
BTCC (China)
BTC.TOP (China)
BTER.com (China)
Circle (United States)
Civic (United States)
Coinbase (United States)
Coins.ph (Phillipines)
CryptoFacilities (UK)
Decentral (Canada)
Digital Currency Group
(United States)
F2Pool (China)
Filament (United States)
Gavin Andresen (United
States)
Genesis Global Trading
(United States)
Genesis Mining (Hong
Kong)
GoCoin (Isle of Man)
Grayscale Investments
(United States)
Guy Corem (Israel)
Jaxx (Canada)
Korbit (South Korea)
Luno (Singapore)
MONI (Finland)
Netki (United States)
OB1 (United States)
Purse (United States)
Ripio (Argentina)
Safello (Sweden)
SFOX (United States)
ShapeShift (Switzerland)
surBTC (Chile)
Unocoin (India)
Vaultoro (Germany)
Veem (United States)
ViaBTC (China)
Wayniloans (Argentina)
Xapo (United States)
Yours (United States)
Note: BitGo was erroneously included in this initial published list.
This has since been corrected.
***NON SUPORTED EXCHENGERS
TO SEGWIT2X (B2X)
BLOCK
STREAM, CHAINCODE LAB,BITGO, POLONIEX, BITHUMB, BITFINEX, KRAKEN & GEMINI
FORK WILL BE HELD
FORK
BLOCK 494784
CURRENT BLOCK: 491860
FORK REMAINING: 2924
EXPECTED DATE OF FROK
THURSDAY,
NOVEMBER 16, 2017, 1:30 AM
ALL UPDATES ABOUT SEGWIT2X
HOW
DO WE GET DOUBLE BENEFITS ON SEGWIT2X???
1. AS PER EXPERTS AFTER
HARD FORK BTC PRICE WILL BE SO HIGH EXPECTED $6000.
2.
ANY CUSTOMER WITH BTC BALANCE ON A) COINBASE B) UNOCOIN AT THE TIME OF THE FORK
WILL BE CREDITED WITH AN EQUAL(1:1) AMOUNT OF THE B2X ASSET ON THE BITCOIN2X
BLOCKCHAIN NO ACTION IS REQUIRED-AUTOMATICALLY CREDIT SYSTEM. SO IF WE HAVE
5 BTC STORED ON COINBASE & UNOCOIN BEFORE THE FORK; WE WILL HAVE 5 BTC
& 5 B2X FOLLOWING THE EVENT.
EXPECTED PRICE OF B2X
AS PR CRYPTOCURRENCY MARKET CAPITALIZATIONS
ASSUME PRICE OF B2X $1040.94
***WHAT’S GOING ON WITH
BITCOIN NEXT?
SEGWIT2X
►1ST AUGST
2017 à BITCOIN CASH (BCH) à 8MB àSHA 256
►23 AUGST 2017 à BITCOIN (BTC) à SAGWIT à 1MB à SHA 256
►24 OCTOBER 2017 à BITCOIN GOLD (BTG) à SAGWIT à 1MB à
EQUIHASH
►MID NOVEMBER 2017 à BITCOIN SAGWIT 2X (B2X)
à 2MB à SHA 256
A result of the famous “New York Agreement”
Bitcoin Scaling Agreement at Consensus 2017
May 23, 2017
We agree to immediately
support the following parallel upgrades to the bitcoin protocol, which will be
deployed simultaneously and based on the original Segwit2Mb proposal:
Activate Segregated
Witness at an 80% threshold, signaling at bit 4
Activate a 2 MB hard
fork within six months
We are also committed to
the research and development of technical mechanisms to improve signaling in
the bitcoin community, as well as to put in place communication tools, in order
to more closely coordinate with ecosystem participants in the design,
integration, and deployment of safe solutions that increase bitcoin capacity.
We welcome all
companies, miners, developers, and users to join us and
help prepare bitcoin for the future.
The group of signed
companies represents a critical mass of the bitcoin ecosystem. As of May 25,
this group represents:
58 companies located in
22 countries
83.28% of hashing power
5.1 billion USD monthly
on chain transaction volume
20.5 million bitcoin
wallets
Separately, as of May
24, the following companies have committed to provide technical and engineering
support to test and support the upgrade software, as well as to assist
companies with preparing for the upgrades:
Abra|BitClub
Network|Bitcoin.com|BitFury|BitGo|Bitmain|BitPay
Blockchain|Bloq|BTCC|Circle|Ledger|RSK Labs|Xapo
If you wish to dedicate
technical and engineering support from your team, please let us know and we will
include you in the list above.
Supporters as of May 25:
1Hash (China)
Abra (United States)
ANX (Hong Kong)
Bitangel.com /Chandler
Guo (China)
BitClub Network (Hong
Kong)
Bitcoin.com (St. Kitts
& Nevis)
Bitex (Argentina)
bitFlyer (Japan)
Bitfury (United States)
Bitmain (China)
BitPay (United States)
BitPesa (Kenya)
BitOasis (United Arab
Emirates)
Bitso (Mexico)
Bitwala (Germany)
Bixin.com (China)
Blockchain (UK)
Bloq (United States)
btc.com (China)
BTCC (China)
BTC.TOP (China)
BTER.com (China)
Circle (United States)
Civic (United States)
Coinbase (United States)
Coins.ph (Phillipines)
CryptoFacilities (UK)
Decentral (Canada)
Digital Currency Group
(United States)
F2Pool (China)
Filament (United States)
Gavin Andresen (United
States)
Genesis Global Trading
(United States)
Genesis Mining (Hong
Kong)
GoCoin (Isle of Man)
Grayscale Investments
(United States)
Guy Corem (Israel)
Jaxx (Canada)
Korbit (South Korea)
Luno (Singapore)
MONI (Finland)
Netki (United States)
OB1 (United States)
Purse (United States)
Ripio (Argentina)
Safello (Sweden)
SFOX (United States)
ShapeShift (Switzerland)
surBTC (Chile)
Unocoin (India)
Vaultoro (Germany)
Veem (United States)
ViaBTC (China)
Wayniloans (Argentina)
Xapo (United States)
Yours (United States)
Note: BitGo was erroneously included in this initial published list.
This has since been corrected.
***NON SUPORTED EXCHENGERS
TO SEGWIT2X (B2X)
BLOCK
STREAM, CHAINCODE LAB,BITGO, POLONIEX, BITHUMB, BITFINEX, KRAKEN & GEMINI
FORK WILL BE HELD
FORK
BLOCK 494784
CURRENT BLOCK: 491860
FORK REMAINING: 2924
EXPECTED DATE OF FROK
THURSDAY,
NOVEMBER 16, 2017, 1:30 AM
ALL UPDATES ABOUT SEGWIT2X
***OFFICIAL PAGE → segwit2x.github.io
BITCOIN UPGRADE AT BLOCK 494,784
DURING THE MONTH OF NOVEMBER 2017, APPROXIMATELY 90 DAYS AFTER
THE ACTIVATION OF SEGREGATED WITNESSES IN THE BITCOIN BLOCKCHAIN, A BLOCK
BETWEEN 1MB AND 2MB IN SIZE WILL BE GENERATED BY BITCOIN MINERS IN A MOVE TO
INCREASE NETWORK CAPACITY. AT THIS POINT IT IS EXPECTED THAT MORE THAN 90% OF
THE COMPUTATIONAL CAPACITY THAT SECURES THE BITCOIN NETWORK WILL CARRY ON
MINING ON TOP OF THIS LARGE BLOCK.
THE UPGRADE TO 2MB BLOCKS HAS BEEN AGREED FIRST DURING THE BITCOIN ROUNDTABLE CONSENSUS IN
HONG-KONG ON FEBRUARY 2016, AND THEN RATIFIED BY THE BITCOIN SCALING AGREEMENT IN
NEW YORK ON MAY 2017. THESE AGREEMENTS STIPULATE THE ACTIVATION OF
SEGREGATED WITNESS SUPPORT AND AN INCREASE OF THE MAXIMUM BASE BLOCK SIZE FROM
1MB TO 2MB.
SEGREGATED WITNESS SUPPORT HAS BEEN LOCKED-IN AS A SOFT FORK
EXPECTED TO ACTIVATE AROUND AUGUST 23 2017 (BLOCK HEIGHT 481,824). BITCOIN
CLIENTS THAT ARE NOT CURRENTLY SEGWIT-COMPATIBLE AND WISH TO BENEFIT FROM THE
NEW TYPE OF TRANSACTION MUST PERFORM EXTENSIVE UPGRADES TO VARIOUS SUBSYSTEMS,
INCLUDING CHANGES TO TRANSACTION SERIALIZATION, SIGNATURE HASH COMPUTATION,
BLOCK WEIGHT CALCULATION, SCRIPTING ENGINE, BLOCK VALIDATION, A NEW ADDRESS
SCHEME, AND P2P PROTOCOL UPGRADES. FORTUNATELY SEGREGATED WITNESS COMPATIBILITY
IS OPT-IN, AND EXISTING SIMPLIFED PAYMENT VERIFICATION (SPV) WALLETS AND FULL
NODES ARE EXPECTED TO CONTINUE WORKING WITHOUT CHANGES AFTER SEGWIT ACTIVATES.
READINESS CHECKLIST
THE NOVEMBER 2017 UPGRADE TO 2MB BLOCKS IS A HARD-FORK, BUT
NECESSARY CHANGES ARE TRIVIAL TO PERFORM. SOME SPV CLIENTS ARE EXPECTED TO WORK
WITHOUT ANY CHANGE AT ALL. MOST CLIENTS WILL NEED TO TWEAK ONLY TWO CONSTANTS
TO REMAIN COMPATIBLE WITH THE NEW LARGER BLOCKS:
FOR SEGWIT-COMPATIBLE CLIENTS:
MAXIMUM BLOCK WEIGHT DOUBLES FROM 4,000,000 TO 8,000,000
SIG-OPS PER BLOCK DOUBLES FROM 80,000 TO 160,000
FOR NON-SEGWIT-CAPABLE CLIENTS:
MAXIMUM BASE BLOCK SIZE DOUBLES FROM 1,000,000 TO 2,000,000
SIG-OPS PER BLOCK DOUBLES FROM 20,000 TO 40,000
BOTH TYPES OF CLIENTS SHOULD ADD NEW DNS SEEDS:
BITPAY: SEED.MAINNET.B-PAY.NET
OB1: SEED.OB1.IO
BLOCKCHAIN: SEED.BLOCKCHAIN.INFO
BLOQ: BITCOIN.BLOQSEEDS.NET
TESTNET5
FOR TESTING PURPOSES, A NEW TESTNET5 NETWORK THAT BUILDS ON THE
SAME GENESIS BLOCK AS THE EXISTING TESTNET3 NETWORK HAS BEEN CREATED. IN ORDER
TO UPDATE A CLIENT FOR COMPATIBILITY WITH TESTNET5, DO THESE CHANGES TO
EXISTING TESTNET3 SETTINGS:
PORT CHANGES FROM 18333 TO 18555.
NETWORK MAGIC CHANGES FROM 0X0B110907 TO 0X6E657400
BIP-34, BIP-66, BIP-65 AND SINGLE CHECKPOINT ALL REFER TO THE
BLOCK AT HEIGHT 10001 WITH HASH 00000000FB7C0A2AEB5F1244E81921B84B7AC770004543144E10C2284F89BFD8
DNS SEEDS ARE AVAILABLE AT SEED.TESTNET5.B-PAY.NET AND BITCOIN-TESTNET.BLOQSEEDS.NET
BLOCK SIZE/WEIGHT AND SIG-OPS CHANGES ABOVE ALSO APPLY TO
TESTNET5.
COMPATIBLE FULLY-VALIDATING NODE SOFTWARE
BTC1: HTTPS://GITHUB.COM/BTC1/BITCOIN
BITCOIN UNLIMITED: HTTPS://WWW.BITCOINUNLIMITED.INFO/
BITCOIN CLASSIC: HTTPS://BITCOINCLASSIC.COM/
INCOMPATIBLE FULLY-VALIDATING NODE SOFTWARE
BITCOIN CORE: HTTPS://GITHUB.COM/BITCOIN/BITCOIN
BITCOIN UASF: HTTP://WWW.UASF.CO/
BITCOIN UPGRADE AT BLOCK 494,784
DURING THE MONTH OF NOVEMBER 2017, APPROXIMATELY 90 DAYS AFTER
THE ACTIVATION OF SEGREGATED WITNESSES IN THE BITCOIN BLOCKCHAIN, A BLOCK
BETWEEN 1MB AND 2MB IN SIZE WILL BE GENERATED BY BITCOIN MINERS IN A MOVE TO
INCREASE NETWORK CAPACITY. AT THIS POINT IT IS EXPECTED THAT MORE THAN 90% OF
THE COMPUTATIONAL CAPACITY THAT SECURES THE BITCOIN NETWORK WILL CARRY ON
MINING ON TOP OF THIS LARGE BLOCK.
THE UPGRADE TO 2MB BLOCKS HAS BEEN AGREED FIRST DURING THE BITCOIN ROUNDTABLE CONSENSUS IN
HONG-KONG ON FEBRUARY 2016, AND THEN RATIFIED BY THE BITCOIN SCALING AGREEMENT IN
NEW YORK ON MAY 2017. THESE AGREEMENTS STIPULATE THE ACTIVATION OF
SEGREGATED WITNESS SUPPORT AND AN INCREASE OF THE MAXIMUM BASE BLOCK SIZE FROM
1MB TO 2MB.
SEGREGATED WITNESS SUPPORT HAS BEEN LOCKED-IN AS A SOFT FORK
EXPECTED TO ACTIVATE AROUND AUGUST 23 2017 (BLOCK HEIGHT 481,824). BITCOIN
CLIENTS THAT ARE NOT CURRENTLY SEGWIT-COMPATIBLE AND WISH TO BENEFIT FROM THE
NEW TYPE OF TRANSACTION MUST PERFORM EXTENSIVE UPGRADES TO VARIOUS SUBSYSTEMS,
INCLUDING CHANGES TO TRANSACTION SERIALIZATION, SIGNATURE HASH COMPUTATION,
BLOCK WEIGHT CALCULATION, SCRIPTING ENGINE, BLOCK VALIDATION, A NEW ADDRESS
SCHEME, AND P2P PROTOCOL UPGRADES. FORTUNATELY SEGREGATED WITNESS COMPATIBILITY
IS OPT-IN, AND EXISTING SIMPLIFED PAYMENT VERIFICATION (SPV) WALLETS AND FULL
NODES ARE EXPECTED TO CONTINUE WORKING WITHOUT CHANGES AFTER SEGWIT ACTIVATES.
READINESS CHECKLIST
THE NOVEMBER 2017 UPGRADE TO 2MB BLOCKS IS A HARD-FORK, BUT
NECESSARY CHANGES ARE TRIVIAL TO PERFORM. SOME SPV CLIENTS ARE EXPECTED TO WORK
WITHOUT ANY CHANGE AT ALL. MOST CLIENTS WILL NEED TO TWEAK ONLY TWO CONSTANTS
TO REMAIN COMPATIBLE WITH THE NEW LARGER BLOCKS:
FOR SEGWIT-COMPATIBLE CLIENTS:
MAXIMUM BLOCK WEIGHT DOUBLES FROM 4,000,000 TO 8,000,000
SIG-OPS PER BLOCK DOUBLES FROM 80,000 TO 160,000
FOR NON-SEGWIT-CAPABLE CLIENTS:
MAXIMUM BASE BLOCK SIZE DOUBLES FROM 1,000,000 TO 2,000,000
SIG-OPS PER BLOCK DOUBLES FROM 20,000 TO 40,000
BOTH TYPES OF CLIENTS SHOULD ADD NEW DNS SEEDS:
BITPAY: SEED.MAINNET.B-PAY.NET
OB1: SEED.OB1.IO
BLOCKCHAIN: SEED.BLOCKCHAIN.INFO
BLOQ: BITCOIN.BLOQSEEDS.NET
TESTNET5
FOR TESTING PURPOSES, A NEW TESTNET5 NETWORK THAT BUILDS ON THE
SAME GENESIS BLOCK AS THE EXISTING TESTNET3 NETWORK HAS BEEN CREATED. IN ORDER
TO UPDATE A CLIENT FOR COMPATIBILITY WITH TESTNET5, DO THESE CHANGES TO
EXISTING TESTNET3 SETTINGS:
PORT CHANGES FROM 18333 TO 18555.
NETWORK MAGIC CHANGES FROM
0X0B110907 TO 0X6E657400
BIP-34, BIP-66, BIP-65 AND SINGLE CHECKPOINT ALL REFER TO THE
BLOCK AT HEIGHT 10001 WITH HASH
00000000FB7C0A2AEB5F1244E81921B84B7AC770004543144E10C2284F89BFD8
DNS SEEDS ARE AVAILABLE AT
SEED.TESTNET5.B-PAY.NET AND BITCOIN-TESTNET.BLOQSEEDS.NET
BLOCK SIZE/WEIGHT AND SIG-OPS CHANGES ABOVE ALSO APPLY TO
TESTNET5.
COMPATIBLE FULLY-VALIDATING NODE SOFTWARE
BTC1: HTTPS://GITHUB.COM/BTC1/BITCOIN
BITCOIN UNLIMITED: HTTPS://WWW.BITCOINUNLIMITED.INFO/
BITCOIN CLASSIC: HTTPS://BITCOINCLASSIC.COM/
INCOMPATIBLE FULLY-VALIDATING NODE SOFTWARE
BITCOIN CORE: HTTPS://GITHUB.COM/BITCOIN/BITCOIN
BITCOIN UASF: HTTP://WWW.UASF.CO/
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