Basically the way I understad it, .....and im not an expert if it hard forks, we could end up with multiple coins like Eth. If Segwit2x happens it'll be a soft fork that will increase block size but stay one coin. It needs 80% concensus and recently it had 96% it's slipped a bit but i think we'll be ok. hope this helps
RE: Can someone explain what is going to happen on Aug. 1st