[1 Jul 2017] Cryptocurrency News – What’s Affecting Bitcoin Prices

The poster child of cryptocurrency has been facing scalability issues. The current blockchain infrastructure cannot handle the increasing transactions and will eventually come to a grinding halt. Two solutions were proposed — are BIP148 and SegWit2x. Unfortunately both solutions are pointing in different directions making a workable compromise highly challenging. Without getting into the technicalities of it, what this means is that we might see Bitcoin split. This doesn’t bode well for Bitcoin holders, miners, and businesses. Staying status quo isn’t going to work either. So what do we do? You might have heard this word being used with relations to Bitcoin in the recent months. Fork. There’s a hard fork and soft fork. Forking happens when a coin gets an upgrade and experienc