BIP91 locked-in

Bitcoin Improvement Proposal 91 is now locked in
21 July 2017   2533

BIP91

Blockchain

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

Segregated Witness, defined by BIP141, locks in if at least 95% of miners signal support for the upgrade within a two-week difficulty period. In order to do so, miners need to embed a piece of data called “bit 1” in the blocks they mine. This is technically the only way for SegWit to be activated right now. 

However, there are some alternative strategies to reach this threshold “indirectly” — those like BIP91.

BIP91 is a Bitcoin Improvement Proposal adopted due to the New York Agreement and supported by a number of Bitcoin companies and mining pools. 

What happened?

Bitcoin

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

Bitcoin Improvement Proposal 91 (BIP91) has just locked in as up to 90% of all hash power signaled support for this softfork signaled in support of this decision. The next step is to be the activation of Segregated Witness (SegWit). As a result, this should make BIP148 obsolete and the risk of chain split on August 1st will be avoided.

Proposal Activation SpotlightProposal Activation Spotlight by coin.dance

Thus, miners have been signaling support for BIP91 over the past couple of days through another piece of data, “bit 4.” Once 269 blocks within a 336-block window include bit 4, this BIP91 soft fork gets locked in. And this is exactly what just happened.

What's next

After another 336 blocks, a little over two days from now, all BIP91-compatible nodes will reject any block that doesn’t include bit 1.

As long as a majority of hash power enforces BIP91, this majority should eventually control the longest valid chain according to all Bitcoin nodes. And as this chain consists of bit 1 SegWit-signaling blocks only, it would in turn activate SegWit on all SegWit-ready nodes.

In this case, BIP141 should lock in by mid-August, and SegWit should be live on the Bitcoin network after a two-week “grace period” by the end of the month.

GRAM May be Traded at Liquid at Triple ICO Price

Bloomberg says that Telegram tokens, that may appear at Liquid will be sold by Gram Asia at $4 per token, but there's no official info from Telegram
04 July 2019   1170

Even before the official public release of the cryptocurrency of the messenger, Telegram can increase in price by 200% relative to its value during the initial offer of coins. It is reported by Bloomberg.

As previously reported, Telegram tokens may appear on the Liquid Bitcoin Exchange already on July 10. The distributor is Gram Asia, which calls itself the largest holder of GRAM tokens in Asia. It intends to put up for sale rights to cryptocurrency at $ 4 per unit.

At the same time, one of the investors said to the publication that at the time of purchase the price of 1 Gram was $ 1.33.

It is worth noting, however, that after the announcement of the public sale of Telegram tokens to Liquid, the media reported that this intention had nothing to do with the official plans of Telegram.

Then one of Telegram's investors stated that no one has the right to sell tokens before their official launch in accordance with the signed agreement. Moreover, representatives of the popular messenger noted that they first heard about Gram Asia.

Later, CEO Liquid Mike Kayamora admitted that Telegram has no relation to the placement on Liquid: the deal was concluded exclusively between the exchange and Gram Asia, which allegedly is an incubator for the TON project.

The Block's leading analyst Larry Chermak on several tweets expressed skepticism about the announced Telegram tokenale based on the Liquid stock exchange, saying that he would “think twice before making a decision to invest.”