No, it’s not April 1st. The latest planned fork of Bitcoin has been cancelled due to a lack of support. The proposed fork would’ve introduced 2 new features to their version of the cryptocurrency. To increase the block size from 1 to 2 MB, which would occur three months after SegWit has been activated. This
After the fork, many people expected large swings and instability in the value of Bitcoin, but we didn’t see that. Instead since August 5th, we’ve seen a steep rise in the value of the currency to over $3500 although has slightly decreased as a result of SegWit. Yesterday (Tues 8th August), the second method to
Many were concerned that the current bitcoin price would tumble, and though it did lose a few hundred dollars of its value, it did recover.
The big question is.. will this new form of Bitcoin be worth anything?