Bitcoin reached a new record of $ 7,888 while participants in the SegWit2x hard fork announce that they have "suspended".
A circular sent to the mailing list by lead developer Mike Belshe says that it was "clear" that the project "had not established a sufficient consensus for an upgrade of clean blocks for the moment. "
SegWit2x 16 as expected, Belshe not naming a possible future date.
The message reads:
"Our goal has always been a smooth upgrade for Bitcoin.While we firmly believe in the need for a greater number of blocks, there is something we believe to be even more important: keeping the community together.Unfortunately, it's clear that we have not managed to get enough consensus for a blocked block upgrade right now Continuing on the current path could divide the community and be a setback for the growth of Bitcoin.This has never been the goal of SegWit2x. "
Bitcoin prices have immediately climbed to a new historic high less than $ 8,000 before reversing, followed by a rebound of approximately $ 7,700.
SegWit2x had received a barrage of opposition in the Bitcoin industry, with its few supporters also under pressure to justify the hard fork.
A lack of protection against repetition – a mechanism preventing parts from being accidentally spent on both strings – was a major criticism. even makes Nick Szabo go out against SegWit2x today.