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Bitcoin reversed steep losses this week as miners began deploying SegWit2x, the new software which aims to bridge an ideological gap that has threatened to divide the cryptocurrency.
The new software, known as SegWit2x, is seen as a compromise for the two sides of the debate: miners who deploy costly computers to verify transactions and act as the backbone of the blockchain, and developers known as Core who uphold bitcoin’s bug-free software. While both sides have incentives to reach a consensus, bitcoin’s lack of central authority has made reaching agreement difficult.
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