What is Bitcoin Segwit2X?
Bitcoin Segwit2X is the revival of Bitcoin [BTC], which was due in mid-November. Our team has done a great job of improving the network and is now ready to present it to the entire cryptocurrency community!
General Information on Bitcoin Segwit2X [B2X]
- Total issue: 21 million coins
- Protection against repeated transactions
- Unit extraction speed: 2.5 minutes
- Mining: X11
- Block size: increased to 4 mb
- Recalculation of complexity: after each block
- Unique address format
In addition, we are preparing the following positive changes to be implemented later:
- Offline Codes
- Lightning Network implementation, instant transactions
- ZkSnarks Technology, anonymous transactions
- Smart contracts implementation
How to get B2X (Bitcoin2x)?
Bitcoin owners will need private keys from their BTC wallets to receive coins B2X (Bitcoin 2x). For this particular purpose, it is necessary to keep Bitcoin (BTC) on wallets providing open access to personal keys. Technically, any wallet that allows you to manage your private keys can be used.
When will the hardfork be implemented and the network be launched?
The hardfork will be held on block 501451, preliminarily on December 28, 2017
How much Bitcoin Segwit2X [B2X] will I get after the hardfork?
All holders of Bitcoin [BTC] who store their funds on the wallets and services of our partners will receive Segwit2X [B2X] in the ratio 1 : 1
In addition, we will distribute a proportional number of "Bitcoins of Satoshi Nakamoto" to all those who support hardfork!
By “Bitcoin of Satoshi Nakamoto” we mean what the founder and chief developer of Bitcoin [BTC] mined at the time of zero network activity. They will be credited to the crypto-exchanges and wallets of our partners gradually. The list of partners will be constantly updated on our website! Even if Satoshi Nakamoto wants to get B2X for his pre-mining, he is not able to do this, as we blocked the initial blocks for conversion to Bitcoin Segwit2X.
It is worth noting that this present to users who supported us will be credited some time after the basic conversion 1:1
Will Bitcoin Segwit2X [B2X] be implemented?
Satoshi Nakamoto’s Bitcoin [BTC] will be mined and distributed proportionally to all Bitcoin holders on the crypto-exchanges and wallets of our partners (2.000.000). There will be no additional pre-mining!
What is the consensus algorithm?
The consensus algorithm is built on Proof of Work using the x11 hash algorithm
On which block will the chain be divided?
The division will take place on block 501451 tentatively on December 28, 2017
What is the advantage of B2X?
The Segwit2x protocol was created to solve the problems of Bitcoin scaling. The main difference from the original chain is that Segwit2x stores some information not in the block, but in separate files outside the chain of blocks. As a result, the vacant space in the block will be used to accommodate more transactions and the speed of confirmation will increase.
What equipment can be used for mining?
B2X mining can be performed on Antminer D3
On which exchanges will B2X trade?
Applications have been submitted to most of the top exchanges, and now we are continuing to work in this direction. We will be very grateful if you also write to the exchanges or wallets regarding adding Segwit2x, the more people will ask about it, the faster the exchanges and wallets will make a positive decision.
When will B2X wallets be available?
At the moment they are in development. We will make every effort to ensure that wallets are available in the shortest possible time after the division of the network. But at the same time we are obliged to provide an absolutely safe and reliable wallet, so as not to repeat the mistakes of the previous forks.
Where can I see the open source of the wallet?
All documentation and wallets will be available at https://github.com/SegwitB2X
What does it mean "all owners of the BTC will receive not only B2X in the ratio of 1 to 1, but also the proportional amount of Satoshi Nakamoto Bitcoins as a reward for their commitment to the progress"?
When Bitcoin was created, but no one knew about it yet, it was mined by only one person, most likely it was its creator Satoshi Nakamoto. From January 3, 2009 to January 25, 2010, only Satoshi was engaged in mining, and the absolute majority of the coins that he had at that time were kept by him until now. It is still unknown for what reason these Bitcoins do not appear on wallets, one version says that access to those wallets has been lost, and therefore they will never be used in the Bitcoin network. In the Segwit2X fork, these coins will be used to encourage partner services that will cooperate and work with the B2X coin.
What is the amount of your pre-mining?
In fact, there will be no pre-mining, because we implement the option, in which we block inactive Bitcoins from the first blocks of the network for spending, and distribute them as additional remuneration. These coins will be distributed among the services of partners that integrate, and thereby support Bitcoin 2X on their resources. It can be exchanges, pools and other services associated with cryptocurrencies. This process will be implemented after the fork and launch of the network, more precise dates are not set at the moment. First of all, now we are focused on preparing the network division and the release of the wallets so that everyone can get their coins.
Is it your ticker being traded on the bitfinex.com exchange?
This ticker was added to the bitfinex.com exchange during the past campaign to activate the fork of segwit2x
How will the coins be accrued?
To receive B2X coins, you need a private key from the BTC wallet, which had Bitcoins at the time of the chain division (501451 block). The private key must be imported into the B2X wallet, after synchronization, the balance of the wallet will have exactly the same amount of B2X as the amount of BTC held on the wallet with this private key at the time of network division.
Where can I see your open source code?
All the explanatory documentation is published in the official section at github.com. Link https://github.com/SegwitB2X/bitcoin2x/tree/master/doc
What services support B2X?
To date, our partners supporting the Segwit2x hardware are the following services:
Cryptocurrency exchange HitBTC https://hitbtc.com Supports Segwit2x hardfork and will accrue B2X coins according to the Bitcoin balance at the time of network division. The exchange provides trading in B2X futures in the following currency pairs: B2X / BTC, B2X / USDT, B2X / ETH
Cryptocurrency exchange Yobit https://yobit.net Supports Segwit2x hardfork and will accrue B2X coins according to the Bitcoin balance at the time of network division. The exchange provides trading in B2X futures in the following currency pairs: B2X / BTC
Excripts Exchange https://exrates.me Supports Segwit2x hardfork and will accrue B2X coins according to the Bitcoin balance at the time of network division. The exchange provides trading in B2X futures in the following currency pairs: B2X / BTC
Cryptocurrency exchange https://www.bitcoin.co.id Supports Segwit2x hardfork and will accrue B2X coins according to the Bitcoin balance at the time of network division.
Multicurrency wallet Zumminer https://zumminer.com Supports Segwit2x hardfork and will accrue B2X coins according to the Bitcoin balance at the time of network division.
Multicurrency wallet Freewallet https://freewallet.org Supports Segwit2x hardfork and will accrue B2X coins according to the Bitcoin balance at the time of network division.
In the near future we will publish our own desktop wallet for receiving B2X using a private key.