BIP91 is active

97.9% of miners now support SegWit; BIP 91 was activated on block 477120
23 July 2017   4846
Bitcoin

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

Today's morning, July 23, the activation BIP 91 started. Now all the blocks that do not signal support of Segregated Witness (SegWit), will be rejected.

According to xbt.eu, 97.9% of the miners support SegWit.

xbt.euxbt.eu

BIP 91 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. In addition, BIP 91 is compatible with BIP 148 (UASF) - another proposal to activate the original SegWit offer, described in BIP 141.

Blockchain

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

Thus, the activation of BIP 91 also means a high probability of activation of the BTC1 protocol (SegWit2x) and the actual elimination of the risk of bitcoin hardfork due to the activation of BIP 148, which should occur on August 1.

At the same time, there is still a probability of a hardfork as a result of the increase in the block size to 2 MB, provided by SegWit2x within three months after the activation of SegWit.

xbt.euxbt.eu

BIP 91 was activated on block 477120. The next update of the level of complexity should take place on block 477792, therefore, if nothing unforeseen happens, SegWit should be fixed on 479808 (mid-August), and the direct activation of the protocol on block 481824 (end of August).

And what about Bitcoin price?

Bitcoin Charts
Bitcoin Charts

Bitcoin lost 3.15% of his price in 24 hours and now is $2729.38. Is it just a little "fall" or a harbinger of a precipitous collapse? Or Bitcoin will rise rapidly? We will see. 

On the 27th of July, another Bitcoin optimization protocol signaling stage have started - BIP141.

CFTC to Approve LedgerX's Deliverable BTC Futures

At the same time, another platforms such as Bakkt, ErisX and Seed CX still awaiting regulatory approval
26 June 2019   65

Cryptocurrency derivatives provider LedgerX LLC has received a license from the Authorized Derivatives Market (DCM) from the US Commodity Futures Trading Commission (CFTC), which will allow it to launch the country's first bitcoin futures.

Deliveries for deliverable futures are made in the underlying asset, not in fiat funds. Thus, LedgerX outstripped the Bakkt, ErisX and Seed CX platforms, which are still awaiting regulatory approval.

At the same time, LedgerX intends to launch the Omni platform for trading options, swaps, and bitcoin futures for retail investors, since at the moment it does not see enough interest from institutional market participants.

However, it should be added that some experts have already expressed fears that the nature of the license received will not allow LedgerX to provide margin tools to customers, and Bakkt should have such functionality.

Recall about the intentions to obtain the appropriate permission and overtake competitors LedgerX said in April.