What Does SegWit2x Mean?
SegWit2x is a new policy proposal for the cryptocurrency bitcoin that is now under consideration in the bitcoin community. It builds on a prior protocol called Segregated Witness or SegWit. SegWit and SegWit2x can have some long-term ramifications for the use of bitcoin and related technologies in a financial process, as cryptocurrencies rival traditional national currencies.
Techopedia Explains SegWit2x
The original SegWit optimization was attributed to a developer in the “Bitcoin Core,” the center of the open-source bitcoin community. Developer Pieter Wuille created SegWit in 2015 to increase volumes of transactions in each bitcoin block.
