Mike Belshe, the SegWit2x project lead, and BitGo chief executive have claimed that irrespective of the issue hitting the Bitcoin community relating to the debate on the block size, things are still looking suitable for the hard fork of SegWit2x.
Currently, Bitcoin is some days away from a month from the announced SegWit2x activation, a disturbing hard fork that is meant to improve the block size to increase the scalability of the system. After the striking of the New York Agreement (NYA) in May, some of the signatories have declared their support for SegWit2x as void. They, however, did this by referring to different concerns, among which is the absence of an anti-opt-out reply, this is an absence or scarcity of community agreement, and the lack of support from the most important developers of Bitcoin.
Nevertheless, the proponents of SegWit2x did not stop to refer to the fact that almost 95% who are miners were calling or anticipating the hard fork. They claimed that the current blockchain would find it very difficult to continue operation without the support of miners. Nevertheless, recently, F2Pool emerged as the first mining pool to openly retract their allegiance for SegWit2x, which consequently placed a dent of 10% in the flat rate agreement.
The recent price rally of Bitcoin has been claimed by some cryptocurrency analysts to the knowledge among Bitcoin traders that the blockchain of SegWit2x will gain an improved support rate, even from miners who have not stopped from supporting the hard fork.
With all these in light, the SegWit2x project lead Mike Belshe is still of a high hope about the fate of the blockchain after the hard fork. Claiming that even if the debate about the hard fork rages on, there is still the possibility of things “looking good” for the intended activation of SegWit2x later in the year.