SegWit will lock-in by August 9th

On Wednesday morning August 9th, SegWit will lock-in on Bitcoin
08 August 2017   724
Blockchain

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

SegWit is the process by which the block size limit on a blockchain is increased by removing signature data from Bitcoin transactions. When certain parts of a transaction are removed, this frees up space or capacity to add more transactions to the chain. 

Bitcoin

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

The essential condition for SegWit activation is that 95% of the Bitcoin community have to agree to this new process and switch to the new Bitcore Core client for at least two weeks. At the time of writing, this goal seems to be achieved:

Bitcoin Block Details concerning SegWit on coin.dance Bitcoin block details concerning SegWit on coin.dance

Thus, Segregated Witness (SegWit) is to lock-in on the Bitcoin network on Wednesday morning, August 9th.

Bobby Lee, co-founder and CEO of YourBTCC, expresses his excitement on Twitter:

The whole community counts blocks remaining before the activation of the proposal as this is the second in importance event after Bitcoin fork:

As SegWit activated, Bitcoin will be one step closer to changing how some nodes on the $50 billion network store data, potentially paving the way for more exciting, forward-looking technologies, such as the top-level Lightning Network. 

However, Bitcoin won't be able to upgrade immediately, because of SegWit's two-week "grace period," the change won't "activate" until block 481,824, which is currently projected to happen on August 21.

For now, the price of the first digital currency beats all the records and is about $3427. Bobby Lee also ran a Twitter survey asking followers to name a Bitcoin price once the lock-in occurs:

The results of the survey, which has so far received almost 3,300 votes, point to a further price increase over $3,500 after August 9th (35%), while 25% of respondents consider prices could go even higher - over $5,000. 

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.