Is Bitcoin Going To Fork? Protect Your Bitcoin!
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Will Bitcoin Fork? UASF Summary (Jimmy Song Interview)
What is a UASF?
UASF stands for User Activated Soft Fork. It’s a mechanism where the activation time of a soft fork occurs on a specified date enforced by full nodes, a concept sometimes referred to as the economic majority. A UASF requires a lot of industry support and coordination, which is good practice for eventual hard forks which requires even more industry coordination. In the past, a UASF was successfully carried out to activate the P2SH soft fork (BIP16). The UASF concept was combined with SegWit activation in the BIP148 proposal which can be found here: github.com/bitcoin/bips/blob/master/bip-0148.mediawiki.
My name is Ameer Rosic, and I’m a serial entrepreneur, investor, Marketing Strategist and Blockchain Evangelist
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