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RE: Today - SegWit Starts on Bitcoin, Litecoin gets Lighting Network

in #bitcoin7 years ago

Haha, first time seeing a comment getting that much up rewards. Between, I was wondering that does this segwit thing create another Bitcoin type like that BCC Bitcoin on 1st August. Please pardon me for my terms used, I am quite noob when it comes to the details of Bitcoin.

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I'm quite surprised myself, wish my posts had received the same kind of upvotes :-) Perhaps my posts are too long and tedious ...

Regarding forks, I've written a post on the subject: Bitcoin Fork for Dummies

Segwit will not create another bitcoin type, but in November there may be a fork between the SegWit2X-supporters and the Bitcoin Core supporters. Also, if it wasn't for the SegWit2X initiative, we could have had a chain split also at the 1st of August (due to the BIP-148-crowd, wanting to force through SegWit against the will of the miners).

With the Bitcoin Cash case, the split was very clean - with so-called "replay protection" and different branding. The problem with BIP-148 and SegWit2X vs Core is that both sides want to keep the "bitcoin" brand. It may be messy.

Hey, thanks for all this explanation. I will read your article for more details.