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Segwit2x hard fork abandoned — what happened and why

Bitcoin price reached a record high on Wednesday, as news broke that the Segwit2x hardfork had been cancelled. The highly contentious hardfork, which was considered an upgrade to Bitcoin, would have increased the base block size to 2MB and was the seco…

Bitcoin price reached a record high on Wednesday, as news broke that the Segwit2x hardfork had been cancelled. The highly contentious hardfork, which was considered an upgrade to Bitcoin, would have increased the base block size to 2MB and was the second part of the New York Agreement (NYA) scaling plan.