BitPay makes scandalous announcement on SegWit activation

BitPay makes a scandalous announcement on the upcoming SegWit activation
18 August 2017   1041

BitPay, one of the world's leaders in Bitcoin payments, made an announcement concerning the recommendations on the need to update the software of the nodes before the next week activation of the Segregated Witness (SegWit) protocol.

However, the community immediately noticed that the company insists on activating the BTC1 client, that is the code underlying the SegWit2x offer and in fact proposes to abandon the Bitcoin Core client.

For now, 100% of the miners already support the Bitcoin Core code signalling in support of the protocol. Thus, no separate code is required for this, especially since the fixation of SegWit has already taken place.

BitPay, in its turn, offers the operators of the node to perform another update, this time to the BTC1 client, which, in addition to activating SegWit, also provides for the network's hard-fork with an increase of the block size to 2Mb.

In fact, BitPay tries to mislead the users, because, as noted above, no additional update is required to support SegWit.

The news caused a great resonance in the cryptoworld society.

Thus, Peter Todd, the developer of Bitcoin Core directly accuses BitPay of fraud as the company does not mention SegWit2x anywhere in its record, activation of which is provided by the BTC1 client. Instead, BitPay uses the term SegWit exclusively.

SegWit activation is to take place on August, 22th, so we'll keep you updated.  

Swansea Hosts Blockchain and Distributed Energy Conference

The BEW'18, which will be held on February 19, 2018 in Swansea, UK, is a must-attend for people who are interested in the cutting edge of blockchain
19 February 2018   238

The Blockchain Energy Wales'18 Conference will be held on February 19, 2018 in Swansea, United Kingdom.

The conference will introduce Klenergy and their Pylon Network, which is a decentralised energy exchange platform powered by renewable energy. The BEW'18 is a must-attend for people who are interested in the cutting edge of blockchain, distributed energy, peer2peer and smart technology.

BEW conference location swanseaBEW'18 Exact Location

Location: TechHub Swansea, 221 Stryd Fawr, Swansea SA1 1NW, UK
Time: from 9AM to 1.30PM

The headline speakers include Paul Harwood, Basicincome supporter and advocate, and David Clubb, director of RUKCymru and head of digital RenewableUK.

The agenda of the conference is as follows: Blockchain technology and its application in the energy sector, future of blockchain wallet systems, buildings as power stations, building the open-source co-operation protocol for the energy sector, and more.