SegWit2x

E696535

SegWit2x was a proposed Bitcoin protocol upgrade that aimed to combine the activation of Segregated Witness with a subsequent increase in the block size limit, but it was ultimately canceled due to lack of consensus in the community.

All labels observed (4)

How this entity was disambiguated

Statements (50)

Predicate Object
instanceOf Bitcoin protocol proposal
hard fork proposal
alsoKnownAs BTC1
New York Agreement fork
announcedInYear 2017
basedOn New York Agreement
blockSizeTarget 2 MB
canceledBy organizers of the SegWit2x project
canceledDueTo concerns about network safety
lack of consensus in the Bitcoin community
canceledOnDate 2017-11-08
communityOutcome Bitcoin remained on 1 MB base block size with SegWit
linked to: SegWit2x
consensusChangeType hard fork
controversy division between corporate signatories and open-source developers
criticizedFor being negotiated without open community process
insufficient community consensus
lack of replay protection in original design
fullName Segregated Witness 2x
linked to: SegWit2x
hadImplementation BTC1 software client
hasComponent 2 MB block size hard fork
SegWit activation
linked to: Segregated Witness
hasGoal activate Segregated Witness (SegWit)
increase Bitcoin block size limit to 2 megabytes
hasSubject Bitcoin governance
miner influence in Bitcoin protocol changes
on-chain scaling
influenced discussions on Bitcoin governance
future Bitcoin fork proposals
intendedActivationBlockHeight 494784
intendedActivationDate 2017-11-16
network Bitcoin
notableEvent cancellation email circulated to mailing lists and media
opposedBy large part of Bitcoin technical community
many Bitcoin Core developers
many Bitcoin users and node operators
precededBy SegWit activation on Bitcoin mainnet
proposedBy group of Bitcoin companies and miners
relatedTo Bitcoin Cash
Bitcoin Core
Bitcoin block size debate
Bitcoin scalability problem
Segregated Witness
segwitActivationMethod BIP91 signaling
softwareLanguage C++
status canceled
supportedBy major Bitcoin mining pools (at proposal time)
several Bitcoin exchanges
several Bitcoin wallet providers
timePeriod 2017 Bitcoin block size controversy
linked to: SegWit2x
wouldCause chain split risk

How these facts were elicited

Referenced by (4)

Full triples — surface form annotated when it differs from this entity's canonical label.

SegWit2x fullName Segregated Witness 2x
linked to: SegWit2x
SegWit2x timePeriod 2017 Bitcoin block size controversy
linked to: SegWit2x
SegWit2x communityOutcome Bitcoin remained on 1 MB base block size with SegWit
linked to: SegWit2x