On Wednesday morning around 10:40 UTC, the Bitcoin software upgrade known as SegWit will lock-in. Although a two-week waiting period follows before full activation, the lock-in makes it impossible for miners to change their minds about the upgrade without forfeiting their mining income.
An upgrade process called BIP 9 governs how SegWit and other large, possibly contentious upgrades are made to the Bitcoin network. In this case, BIP 9 calls for 95% of miners to signal agreement for the upgrade within a 2016 block period, or roughly 2 weeks.
On Wednesday morning around 10:40 UTC, the Bitcoin software upgrade known as SegWit will lock-in. Although a two-week waiting period follows before full activation, the lock-in makes it impossible for miners to change their minds about the upgrade without forfeiting their mining income.
An upgrade process called BIP 9 governs how SegWit and other large, possibly contentious upgrades are made to the Bitcoin network. In this case, BIP 9 calls for 95% of miners to signal agreement for the upgrade within a 2016 block period, or roughly 2 weeks.
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