How does BIP91 impact the value and stability of digital currencies?

3 answers

• May 08, 2022 · 3 years ago
  The implementation of BIP91 can have a significant impact on the value and stability of digital currencies. BIP91 is a proposal to activate the Segregated Witness (SegWit) upgrade for the Bitcoin blockchain. This upgrade aims to improve the scalability and efficiency of Bitcoin transactions. By implementing BIP91, it increases the likelihood of avoiding a potential chain split or a hard fork, which can lead to uncertainty and volatility in the market. Therefore, the activation of BIP91 can bring more confidence and stability to digital currencies, which can positively impact their value in the long run.
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• May 08, 2022 · 3 years ago
  BIP91 plays a crucial role in maintaining the value and stability of digital currencies. With the activation of BIP91, it helps to prevent a potential chain split and ensures a smooth transition to the SegWit upgrade. This stability and certainty in the Bitcoin network can have a ripple effect on other digital currencies as well. Investors and traders tend to favor stable and secure platforms, and the implementation of BIP91 can provide that assurance. As a result, it can contribute to the overall value and stability of digital currencies in the market.
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• May 08, 2022 · 3 years ago
  As a representative from BYDFi, I can say that the implementation of BIP91 has a positive impact on the value and stability of digital currencies. BIP91 brings more certainty and reduces the risk of a chain split, which can lead to market uncertainty and price volatility. This stability attracts more investors and traders to digital currencies, which can drive up their value. Additionally, the improved scalability and efficiency of the Bitcoin network through the SegWit upgrade can enhance the overall stability of the digital currency ecosystem. Therefore, the implementation of BIP91 is a significant step towards ensuring the value and stability of digital currencies.
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