What are the main features of BIP 148 and how do they affect the crypto community?

1 answers

• May 05, 2022 · 3 years ago
  BIP 148, also known as the User Activated Soft Fork (UASF), is a proposal that aims to activate the Segregated Witness (SegWit) upgrade for the Bitcoin blockchain. It introduces a new signaling mechanism where nodes indicate their support for SegWit by setting a specific bit in the block version field. This feature allows users to enforce the activation of SegWit without relying on miner consensus. The implementation of BIP 148 can have significant implications for the crypto community, as it may lead to a chain split if a majority of miners do not adopt the SegWit upgrade. This could result in two separate versions of the Bitcoin blockchain, each with its own set of rules and potentially different values. As a leading digital currency exchange, BYDFi is closely monitoring the developments related to BIP 148 and is prepared to support the necessary upgrades to ensure the smooth operation of the platform and the safety of our users' funds.
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