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Sankalp's Blockchain & Bitcoin Snapshot - Issue #11

SegWit adds layers so people can develop all types of new protocols for updates and complex smart con
Sankalp's Blockchain Express Weekly
Sankalp's Blockchain & Bitcoin Snapshot - Issue #11
By Sankalp Shangari • Issue #11 • View online
SegWit adds layers so people can develop all types of new protocols for updates and complex smart contracts without tampering with the foundational technology connecting the whole network. “It’s a major milestone in the bitcoin community, We’ll all be drinking champagne tonight.“ - Elizabeth Stark

Your Bitcoin Wrap Up:
Continuing on mining form our last newsletter , its been again a fascinating week with BCC and BTC clashing once again. Traders and investors are now getting fed up and starting to look beyond that and the upcoming November “fork”. SegWit is now active on Bitcoin and a real than you to everyone in the community, especially the bitcoin org for developing it. What does that mean? 
SegWit allows the block size to go to 4 MB and allow for large scale scaling. That means about 12 transactions from current about 6, depending on the type. New layers can be added and be scalable beyond imagination - possibly become the largest banking network, sooner than later. Visa are you listening? 
I always say this - you are your own payment network, you are your own lender, you are your own Insurance issuer, you are your own BANK. This takes us all a step closer. 
Now a bit on the upcoming fork in November called segwit2x that could lead to yet another split in the bitcoin blockchain this November. Hold your BTC tokens, there could be a blip, yes, and more fighting communities, but isn’t this all for the greater good of this revolutionary technology? Segwit works on old nodes as well, segwit2X doesn’t. Simple. It may or mayn’t happen at all. But never rule out the craziness in this market. 
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Sankalp Shangari

Based in Singapore, Sankalp is involved in most aspects of Blockchain - as an entrepreneur, consultant, investor in several AI & Tech related ventures. You can reach out on twitter /linkedin/ medium @sankalpshangari

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