Bitcoin SEGWIT2X Hard Fork Called Off
The organizers of a controversial bitcoin software update are suspending an attempt to increase the block size by way of a hard fork. Known for its strong early support from bitcoin startups and mining pools, the plan, called Segwit2x, or simply 2x, was to trigger a block size increase at block 494,784, expected to occur on or around November 16th. Related article: How I Make Money Daily On Luno Trading BTC The suspension was announced today in an email written by Mike Belshe, CEO and co-founder of bitcoin wallet software provider BitGo. One of the leaders of the Segwit2x project, he argued that the scaling proposal is too controversial to move forward. He wrote: "Unfortunately, it is clear that we have not built sufficient consensus for a clean block size 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." "Until then, we are suspending our plans for the upcoming 2MB...