SegWit2x Is a Go: Bitcoin Network Signals for Upgrade Finally?

I'm hoping that Bitcoin can finally fix it scaling problem. I think it's main reason why Bitcoin hasn't pass the $3,000 price range.

Digital Currency Group (DCG), the biggest bitcoin and blockchain industry investment firm, announced that miners and businesses had reached a consensus to bitcoin.

The proposal called SeWit2x needed an 80% threshold to be adopted. In addition, if 80% of the network keep running the code for about 3 days, SeWit2x will be activate.

An announcement read that 58 companies agreed to activate Bitcoin Core’s Segregated Witness (SegWit), and to the execution of a 2MB hard fork within six months thereafter.

btc-hardfork.jpg

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