Bitcoin Reacts to Sudden '2x' Suspension

The big news this week in Bitcoin world was the abortion the impending hard fork. Advocates of the 2MB blocksize increase, which had been on track to create yet another Bitcoin chain to support their vision for the protocol, decided the best course of action would be to hold off for the time being instead of splintering the community further. Net net, this would seem to be a good thing for the Bitcoin community as cohesion is preserved. However many investors had priced in a windfall from free Bitcoin Gold on the new chain, so the price of BTC took a bit of a dip. At this point, Bitcoin doesn’t appear to have any clear scaling proposals in the pipeline. 


Want to receive more content like this in your inbox?