August 1st: Bitcoin tops $2900 thanks to UASF

Bitcoin price rises above $2900 due to a successful UASF activation
01 August 2017   956

The day has come. It is happening. 


Is the first decentralized peer-to-peer payment network that is powered by its users with no central authority or middlemen

The Bitcoin scaling proposal UASF (BIP 148) was successfully activated on Tuesday, August 1, at block 478484. At the same time, the price of Bitcoin exceeds $2900.

Bitcoin price Bitcoin price charts on


Distributed database that is used to maintain a continuously growing list of records, called blocks

There was a possibility that with the UASF activation there would appear a separation of the Bitcoin blockchain. Fortunately, this scenario was avoided due to the fact that BIP91 was activated on July 23rd.

Luke Dash Jr., Bitcoin Core developer, shared the news on Twitter:

Initially, UASF (BIP 148) was to serve as the beginning of the activation of Segregated Witness (SegWit) protocol. One of its features is that all user nodes signaling in support of UASF will start rejecting blocks that do not contain the same support at 00:00 UTC on August 1st.

As already mentioned, thanks to the activation of BIP91, this was avoided, and on August 8, the SegWit protocol is expected to be fixed.

Qvolta is launching its platform

Qvolta announced its platform release date of April 2 that will feature a full-fledged version of a web platform
24 March 2018   39

Qvolta platform has set its release date to April 2. The release is in accordance with the roadmap of the platform and will include a fully functional version of the web platform. The developers team is currently performing various tests and making final amendments to ensure the proper functionality. This desktop client is in alpha stage. A mobile app for secure authorizations is out and it is the native solution for security without intermediaries.

Qvolta is a P2P exchange platform solution that focuses on the capability of trading Bitcoin and Ethereum for fiat currencies and vice versa. And such functionality is provided through local payment methods. Since centralized exchanges become the target of serious scrutiny of regulators, cryptocurrency platforms that allow trading P2P or in fully decentralized fashion are getting more necessary.

As of the moment of the publication, the market parameters of Qvolta are as follows:

Average price: $0.390836

Market cap: $2,712,466

Volume (24h): $6,171