NewsBTC
No Result
View All Result
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Breaking News: Crypto Bulls Rejoice: Congresswoman Confirms Powell’s Imminent Firing
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Bitcoin News
No Result
View All Result
Breaking News: Crypto Bulls Rejoice: Congresswoman Confirms Powell’s Imminent Firing

Chinese Mining Pools Support SegWit2x and aim for Activation by July 31st

newsbtc
newsbtc
1 year ago
2 mins read
NewsBTC SegWit2x China

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

A lot of Bitcoin enthusiasts are looking forward to August 1st. On this day, we will see the activation of Segregated Witness through the user-activated soft fork. It remains unclear who will effectively support this solution, though. We do know a list has been published regarding companies support SegWit 2x. Interestingly enough, this includes virtually all Chinese mining pools. This group would like to see SegWit2x activate by July 31st at the latest.

It is not entirely surprising to see Chinese pools support SegWit2x. Bitcoin will need to scale one way or another. SegWit seems to be the best solution to do so. Moreover, this particular proposal may avoid the network split so many people are concerned about. It is not the official solution from Bitcoin Core, but Segwit2x is a more than viable alternative.

SegWit2x Gains Massive Support From Chinese Pools

Moreover, it is important to keep in mind SegWit2x could be compatible with the UASF, which activates on August 1st. It is good to see Chinese mining pools firmly state which solution they will support. No one will be surprised they didn’t choose the UASF route directly. Choosing Segwit2x was to be expected, yet it is an interesting decision nonetheless. Plus, no one knows if these pools will embrace the UASF even after SegWit2x has been activated.

Chinese Bitcoin Roundtable released ann supporting NY Consensus (SegWit2X) https://t.co/choi6f3ysM (in Chinese)

— cnLedger (@cnLedger) June 17, 2017

Among the companies supporting SegWit2x are some big names. OKCoin, Huobi, Bitmain, F2Pool, and ViaBTC are among the companies favoring this solution. The group hopes to successfully activate this scaling solution before July 31st. Whether or not that is a manageable timeline, remains anybody’s guess right now. These pools clearly send a message to Bitcoin Core by pledging support to SegWit2x.

Even though this proposal is designed to prevent  a network split, it is still a possibility, though. Up until recently, most Chinese pools did not appear in favor of SegWit by any means. This situation has come to change since May of this year. However, if SegWit2x activates, it remains to be seen what the Bitcoin Core developers will do. It is certainly possible some will jump ship to alternative solutions, such as Litecoin.

Header image courtesy of Shutterstock

Tweet123Share196ShareSend
newsbtc
newsbtc

newsbtc

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Related News

How a Single Burn Sparked a Frenzy: $FUN Skyrockets Towards 500% After 25 Million Tokens Burn

Few events in crypto can ignite a market rally quite like a well-timed burn. For FUNToken, the June 24 announcement...

NewsBTC 1 hour ago
Bitcoin Retail Demand Rebounds – $0–$10K Transfer Volume Turns Positive

Bitcoin Retail Demand Rebounds – $0–$10K Transfer Volume Turns Positive

Bitcoin volatility is back on the rise after a dramatic week of price action. On Monday, BTC surged to a...

Sebastian Villafuerte 3 hours ago
Uniswap COO Exits After $73B Surge — What It Signals for DeFi and Best Presales.

Uniswap’s $73B Growth Fuels Optimism for DeFi and the Best Presales After Leadership Change

Mary-Catherine Lader just stepped down as President and COO of Uniswap Labs after a four-year run that transformed the platform...

Aaron Walker 4 hours ago
Load More

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Related News

Deepseek crypto prediction despre proiecte cu potențial

Elvira C. 20 minutes ago
MicroStrategy

Beyond MicroStrategy: Top 10 Crypto Treasury Stocks to Monitor

PR Desk 1 hour ago
Ethereum

Ethereum Rips Through Thin Zone: A Loud Move After Weeks of Silence

Godspower Owie 1 hour ago

Premium Sponsors

Press Releases

  • 2 криптовалути с небесни оценки...

    2 hours ago
  • 仮想通貨プレセール|ビットコイン向け最速かつ唯一の本格レイヤー2が300万ドル突破

    ...

    3 hours ago
  • 仮想通貨おすすめ|高騰中の評価額がリスクに見合うかもしれない3つの暗号資産

    ...

    3 hours ago
  • 新しい仮想通貨|ビットコインの強気相場に乗るための注目トークン

    ...

    3 hours ago
  • ビットコインの上昇と規制強化を受けて今注目のアルトコイン

    ...

    3 hours ago

Newsletter

Be the first to get the latest important crypto news & events to your inbox.

  • This field is for validation purposes and should be left unchanged.

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Company

  • About Us
  • Advertising
  • Contact Us
  • Privacy Center

Social

© 2025 NewsBTC. All Rights Reserved.

  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play Games
  • Casinos
Advertise

© 2025 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.