In order to dive deep into this topic I strongly suggest you to go through the bitcoin scaling issue first.
Miners began signaling for BIP-91 before July 21st and this is great news.Bitcoin is the first decentralized peer-to-peer payment network that is powered by its users with no central authority or middlemen.
BIP 91 - Segregated Witness locks in | Bitcoin Miners
BIP 001: Unlimited Edition
Bitcoin Improvement Proposal (BIP) 91 combines Segwit2x and BIP-148 to avoid a Hard Fork.
Bitcoin Magazine on Twitter: "BIP 91 Has Activated. Here’s
Bitcoin news roundup, July 22, 2017 - Deep Dot Web
Bitcoin Improvement Protocol 148 is a User Activated Soft Fork (UASF) suggested by core developers of bitcoin, that is designed to activate the existing Miner Activated Soft Fork (MASF) in all capable nodes on network (about 80% of the nodes).August 1, 2017 BIP 148 will go into effect and could have serious implications for the Bitcoin community.
Both of the solutions are provided by major bitcoin communities.Not following along would make it difficult to sell coins mined after August 1st as the blocks would not be accepted by the economic majority.
BIP 148 is a solution given by core bitcoin devs to handle Bitcoin scaling issue.A majority of Bitcoin miners have chosen to back a proposal called BIP 91 which will activate SegWit and a 2 MB block size limit in the Bitcoin system.
What is Bitcoin? Introductory video and current Bitcoin price.Segwit2x is a proposal given by many bitcoin related companies during there meet at Consensus 2017, newyork.
What is a BIP (Bitcoin Improvement Proposal)? Why do you
Enter your email address to subscribe to this blog and receive notifications of new posts by email.But, what are miners signaling for, and what does bitcoin improvement proposal (BIP) 91 mean for the network.Blockchain news and the leading global blockchain & bitcoin events.Still, the mood on bitcoin forums and Twitter was understandably jubilant as the BIP 91 was locked-in Thursday night.Both of the solutions are provided by different but major bitcoin communities.