August 1st: Bitcoin tops $2900 thanks to UASF

Bitcoin price rises above $2900 due to a successful UASF activation
01 August 2017   1563

The day has come. It is happening. 

Bitcoin

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 coinmarketcap.com

Blockchain

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.

Poloniex to Suspend Operations for Few Hours

Representatives of the exchange say users' funds will be completely safe during maintenance
21 February 2019   55

The cryptocurrency exchange Poloniex has announced maintenance, which will begin on February 22 at 22 UTC. The trading platform will be unavailable for several hours.

Representatives of the exchange claim that the users' funds will be completely safe. Technical work associated with the modernization and transition "to the best data centers, which will increase the reliability of the platform and increase uptime."

Also in Poloniex noted that the trade orders of users will not be canceled.

Recall, recently Poloniex has added to the listing of privacy-oriented cryptocurrency Grin.