Bitcoin faces the possibility of yet another fork, a divergence anticipated by a code change proposal accepted by the developers of the Bitcoin Core client software.
A week ago, Bitcoin split in two: legacy Bitcoin and Bitcoin Cash, an alternative cryptocurrency. Holders of existing Bitcoin saw a windfall, the option to collect a matching amount of newly minted Bitcoin Cash, at many registries.
Present and future transactions require a choice between the two, assuming there’s no rapprochement.
Old guard Bitcoin, meanwhile, on Tuesday celebrated community acceptance, more or less, of SegWit, a proposed code change intended to separate signature data from transaction identifier data and to increase the size of the blocks that store Bitcoin transactions.
The revision, scheduled to take effect on August 21, is intended to make Bitcoin transactions more scalable and faster.