Some had begun calling it a Civil War and the matter of the fact is that they weren't entirely wrong, fierce battle for what should go down in the upcoming bitcoin code upgrade that has lasted for almost a year now was threatening to split the network in half and was one of the biggest factors towards the recent price drop that BTC experienced. The community was scared about the potential fork and how a duplicate set of bitcoin would have affected the general economy of the first blockchain asset ever created but the final agreement among miners to activate BIP91 with a majority of the network signaling for it has shifted the tides around and we are back on the upwards climb.
Lock-In Achieved Little Bit More Needed For Activation
Not too long ago it seemed like the hard-fork was imminent and we were going to be stuck with much smaller scarcity in the bitcoin network than before but luckily one of the latest proposals, known as BIP91, happened to get accepted by the majority of the network hash power while ensuring a step towards BTC blockchain being able to sustain much bigger volume of transactions than up until this point. The intended upgrade is a perfect merge between reducing transactions sizes and same time increasing block sizes as well which is the main reason why consensus was found despite this upgrade being introduced in the span of last weeks. BIP91 was locked in last 24 hours and is going get activated after the period of 323 blocks which gives miners some time to upgrade their nodes but any pool not signaling for bit 1 after that will have all of their blocks rejected which would mean the loss of the reward.
James Hilliard Developer of BIP91 Helping Over WeChat
Mr. Hillard says that he does not expect too many big issues, perhaps a few hiccups but nothing severe and he said that any node needing assistance with upgrading their software can reach out to him over WeChat and he will happily assist anyone in need. 323 blocks should be mined within couple of days so there is limited time to get right code running, if a node should be signaling for the correct update while not having it actually installed after the activation period then they would be losing upcoming rewards due to their blocks getting rejected from the network but he states that as long as 51% of hash power keeps it together then everything will work out just fine. We are happy to see that consensus was reached without hard-fork being the solution and will be eagerly keeping an eye on where does this takes our beloved bitcoin.