SegWit2x Releases New Code Today
Segwit2x, a controversial scaling proposal largely backed by the bitcoin network’s enterprises and miners, is moving ahead in adherence with its previously announced timeline.
In an email yesterday, Bloq co-founder and Segwit2x lead developer Jeff Garzik confirmed to CoinDesk that new code is set to be released on Friday, following two weeks of alpha release testing. The release is said to address issues and comments on the initial version.
As such, the release is expected to mark a new phase for the proposal, which has been praised by some as a pragmatic solution to the network’s perceived capacity issues and derided by others as a deal that misunderstands the nature of bitcoin development and the network’s intended design.
Still, it has emerged as unique, given that it was able to bring together perhaps the largest contingent of companies and mining pools ever in support of a scaling proposal. Further, its support by a large majority of miners means, if released, the code could quickly gain the necessary backing from the network to activate the upgrade.
If development continues as planned, bitcoin’s long-requested scaling optimization SegWit could be activated before August, with a hard fork to double the block size slated for three months later. This change, though, also remains a matter of controversy and critique.