The highly anticipated SegWit2x released

Controversial scaling proposal SegWit2x is moving forward with its plans, following their timelines.

Bloq’s co-founder and SegWit2x’s developer manager, Jeff Garzik, said the new code will be released on June 30, 2017.

Developers first introduced their most controversial scaling proposal, SegWit2x, in 2015.

The businesses of many Bitcoin networks have praised the project, seeing it as a pragmatic solution to the network’s processing capacity problems. Of course, there are still those who mock it as a misunderstanding of the nature of cryptocurrencies.

Expectations for the new version

After two weeks of Alpha testing, Garzik has confirmed the release of the new code for SegWit2x. This new version is expected to reach a new stage by fixing the problems with the previous version.

Given that the new version is supported by a large number of miners, SegWit is able to gain the necessary support to enable the upgrade.

If If the project progresses as planned, it will be possible to scale Bitcoin before August.

The major companies currently supporting SegWit2x include Abra, Bitfury, Blockchain, BTCC, OpenBazaar, Purse and Xapo.

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