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.
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Bitcoin Jumps After First Solution to Major Ideological Divide
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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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