Can someone explain what is going to happen on Aug. 1ststeemCreated with Sketch.

in #cryptocurrency • 7 years ago

I know this is a crucial date and I know that UASF is a user assisted soft fork? The miners might not have control of bitcoin after Aug. 1st. I don't understand fully what is going on. I would like to know. So can someone explain it all to me in language that a 5 year old could understand? 

#bitcoin #steemit #mining #trading
7 years ago in #cryptocurrency by
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     7 years ago 

    Basically the way I understad it, .....and im not an expert if it hard forks, we could end up with multiple coins like Eth. If Segwit2x happens it'll be a soft fork that will increase block size but stay one coin. It needs 80% concensus and recently it had 96% it's slipped a bit but i think we'll be ok. hope this helps

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     7 years ago 

    Ya kinda helps. What are the miners saying or wanting?

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       7 years ago 

      had 96% concenses for segwit 2x at one point at the time of this posting 87%....they only need 80 https://coin.dance/blocks

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