The point is that the Segwit1x network

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Waiting for November Bitcoin fork  LiteFinance: Waiting for November Bitcoin fork |  Litefinance Everyone has probably already heard about the planned Bitcoin Cash fork in November, which is based on the idea of ​​​​improving performance and changing the complexity of the recalculation algorithm (difficulty adjustment algorithm - DAA). For Bitcoin, this is not the first fork. Based on this, Bitcoin Cash and Bitcoin Gold already appeared by themselves. However, the consequences are incomparable with the next event. On November 18, the digital currency is expected to undergo the branching of two chains Segwit1x and Segwit2x, which have a PoW instruction and a single complexity model. For the cryptocurrency industry, the emergence of new forks can occur in different ways. In the summer, DAA's Bitcoin Cash fork was formed.

The code was written in such a way that if the majority of the mining blocks are lost, one way or another it will be mined once every ten minutes, which does not happen in either Segwit1x or Segwit2x. How will events unfold after the November fork? If miners choose segwit1x Let's start with the unlikely option, Segwit1x winning and obtaining  Peru Mobile Number List the largest hashrate fork network. In theory, in this scenario, Segwit2x no longer exists, but Bitcoin Cash will remain. Assuming this is true, if miners reject Segwit2x's increased blocks and choose Segwit1x's standard 1MB blocks. However, everything indicates that miners are interested in the 2MB volume proposed by Segwit2x.  will not be able to handle the flow, and the creation time of a block will increase to a few months, which, of course, miners will not like.



But if we are to take the Segwit1x victory as a basis, it is logical to presume the disappearance of Segwit2x from the cryptocurrency industry, since no one will commit to changing the PoW algorithm or improving the complexity of the re-calculation algorithm. And these two conditions are necessary for the survival of Segwit2x. This seemingly unreal scenario is possible with the support of speculators with large capital. The scheme is simple: To increase the investment attractiveness of Segwit1x, the so-called “whale” methods will noticeably increase the value of the branch - and miners will switch to it automatically, increasing the network's hashrate. However, the probability of the scenario reduces your need for large capital. Those who do not want to spend "whales" will likely give preference to Bitcoin Cash. If miners choose Segwit2x Events may be such that the winner of the situation will be Segwit2x and will gather the largest hashrate network.