Segwit2x hard fork cancelled , what impact wud it be on BTC?
As we all know, Segwit2x hard fork that was scheduled to happen on 16th of November was cancelled due to a lack of consensus among the Bitcoin community.
What Impact wud it be on BTC?
I believe that cancelling this fork is good for BTC and the crypto ecosystem in general.
Segwit2x was initially agreed upon by most people in the Bitcoin business but faced stiff opposition immediately after Segwit was locked in. Post this, some of the biggest blockers went ahead and forked bitcoin cash.Without the Segwit2x hard fork, we might see network congestion issues persist and higher transaction fees. We might see more side chains, and signature compression to make more space. Overall, Bitcoin Core’s roadmap still persists.
As for the altcoin market, it is hard to tell which way this will go.
what's your opinion, Let me know in the comments below!
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