The SegWit2x bifurcation, which was scheduled for November but was canceled because it led to a controversy on the Bitcoin network, will take place shortly. What's waiting for Bitcoin after the bifurcated bifurcation?
In the announcement on the website of the project, '' Our team is going to realize the planned Bitcoin bifurcation in the middle of November. '' It is reported that the forking of the forklift will take place at number 501.451. The last digested block in Bitcoin's block chain was block 501.246 and there was about 200 blocks left to fork. Considering the average duration of excavation of the blocks, we can say that the forking will take place on December 28 or December 29.
Jaip Terlouw, the founder of SegWit2x, noted that the commission fees on the Bitcoin network and the speed of the transaction are unusual, it is impossible to use Bitcoin as a payment tool as it is. According to Terlouw's plan to solve these problems with SegWit2x, the name of the new crypto paran which will appear after the bifurcation will be B2X. Perhaps the most interesting part of the bifurcation is the distribution of the new crypto currency to Bitcoin owners.
Bitcoin owners will own a bit more B2X than Bitcoin they have after bifurcation.
Using the encryption algorithm called X11, B2X will provide a block production every 2.5 minutes, and the size of these blocks will be increased up to 4MB. More frequent excavation of the blocks and more operations on the blocks suggest that the bottleneck in the Bitcoin platform will not be experienced on the B2X and that reasonable commission rates will be incurred.