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SegWit2x is dead, long live Bitcoin! The price reaches highs as a hard fork canceled

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. "

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<p dir= 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.