Distributed database that is used to maintain a continuously growing list of records, called blocks
On Thursday, July 27, stage of Segregated Witness protocol signaling started (SegWit, BIP 141). This means that if at least 95% of the blocks (1916 of 2016) signal in support of SegWit, then the protocol will be fixed. In turn, this will provide the conditions for activating the offer for scaling BIP 141.
Coin.dance service provides the progress of this process
According to another webservice, XBT.eu, this stage ("lock-in period") will end at 8th of August.
Lock-in period by XBT.eu
Now, the most interesting part for all Bitcoin traders. What's the price reaction about these news? Bitcoin gained 7.24% in 24 hours!
Bitcoin Price Chart
Is the first decentralized peer-to-peer payment network that is powered by its users with no central authority or middlemen
Now 1 Bitcoin costs $2748.97.
It worth reminding that another Bitcoin optimization protocol was activated on 23th of July. BIP91 is a modified version of the BTC1 (SegWit2x), which supported a number of bitcoin-companies and mining pools, in May of 2017 signed under the relevant agreement in New York.