What Happens Now That the Bitcoin Hard Fork Was Canceled?

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It's been an interesting past couple of weeks in the cryptocurrency market. When that was cancelled, the price plummeted. For a while, Bitcoin Cash looked like it would rise even higher. Bitcoin 2x fork price fact that its hash rate briefly surpassed Bitcoin certainly helped its rally.

However, this didn't last. It's an interesting turn of events, and, to some extent, Segwit 2x may have something to bitcoin 2x fork price with it. Major exchange Coinbase bitcoin 2x fork price revealed that the hard fork isn't actually off the table at this stage.

As it says on its blog, despite the fact that many players have withdrawn their support, Segwit 2x may still actually happen thanks to "a small number of miners. If that happens, there are two things that can take place: The Bitcoin crowd could decide that Segwit 2x is worth supporting now, so everyone would move on the new chain. That's the ideal scenario. The other scenario involves the creation of a separate chain that supports Segwit 2x, while the current chain continues to exist.

It's pretty much what happened when Bitcoin Cash was created this summer, except the community is better prepared to handle the hard fork this time around. Coinbase took some steps to prevent customers from running into issuesdisabling Bitcoin transfers earlier today and turning that functionality back on shortly after.

That applied to its trading platformGDAX, as well. Coinbase says that, in case Segwit 2x leads to a new chain and if the network is stable, it will support it, and give customers access to their "Bitcoin2x funds. All three are up daily, with Bitcoin posting the biggest increase at nearly 6.

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It's been an interesting past couple of weeks in the cryptocurrency market. When that was cancelled, the price plummeted. For a while, Bitcoin Cash looked like it would rise even higher. The fact that its hash rate briefly surpassed Bitcoin certainly helped its rally. However, this didn't last.

It's an interesting turn of events, and, to some extent, Segwit 2x may have something to do with it. Major exchange Coinbase has revealed that the hard fork isn't actually off the table at this stage. As it says on its blog, despite the fact that many players have withdrawn their support, Segwit 2x may still actually happen thanks to "a small number of miners. If that happens, there are two things that can take place: The Bitcoin crowd could decide that Segwit 2x is worth supporting now, so everyone would move on the new chain.

That's the ideal scenario. The other scenario involves the creation of a separate chain that supports Segwit 2x, while the current chain continues to exist.

It's pretty much what happened when Bitcoin Cash was created this summer, except the community is better prepared to handle the hard fork this time around. Coinbase took some steps to prevent customers from running into issues , disabling Bitcoin transfers earlier today and turning that functionality back on shortly after. That applied to its trading platform , GDAX, as well. Coinbase says that, in case Segwit 2x leads to a new chain and if the network is stable, it will support it, and give customers access to their "Bitcoin2x funds.

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