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What's Next for Bitcoin After Digital Currency Split Is Averted

  • More than 93% of miners back first step in implementation
  • Price of bitcoin approaches record high as hard fork avoided
Bloomberg business news

Why Cryptocurrencies Are Selling Off

With the bitcoin development community embracing a software upgrade known as SegWit2x that aims to increase the network’s transaction capacity, a split of the cryptocurrency appears to be avoided. As proponents of the change celebrate, here’s what some have to say about what may be next.

“We’re going to see greater utility of the network. Now people can use bitcoin as a way to transit value more easily, more quickly, more cheaply. And that tends to attract in new users to the network."