SegWit2x Hard Fork Canceled

The Bitcoin fork has been canceled, the developers explaining that the community is undecided.

Project lead Mike Belshe announced on 08.11.2017 that the fork is canceled. He distributed an email to the SegWit2x mailing list. The mail had the signatures of Wences Casares, Jihan Wu, Jeff Garzik, Peter Smith, and Erik Voorhees.

The statement was not signed by Barry Silbert, whose Digital Currency Group was instrumental in organizing the New York Agreement (NYA) that set SegWit2x into motion.

From the statement:

“Although we strongly believe in the need for a larger blocksize, there is something we believe is even more important: keeping the community together,” Belshe wrote. “Unfortunately, it is clear that we have not built sufficient consensus for a clean blocksize upgrade at this time. Continuing on the current path could divide the community and be a setback to Bitcoin’s growth.”

Even if the cancel of SegWit2x caused waves, bitcoin resisted heroic and did not suffer major losses.

Currently it is traded at the price of $7200.

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Written by Brad Chillum

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