Bitcoin Price Analysis: XT Hardfork Has Insufficient Support

Bitcoin Price Analysis: XT Hardfork Has Insufficient Support

Bitcoin XT has failed to attract majority support and has not achieved 750 blocks in the best chain at its activation date.

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Bitcoin Price Analysis

Time of analysis: 05h00 UTC

BTCC 1-Hour Chart

Selection_20160110_004

From the analysis pages of xbt.social, earlier today:

According to Gavin Andresen’s BIP101 specification that is implemented in Bitcoin XT:

Deployment shall be controlled by hash-power supermajority vote (similar to the technique used in BIP34), but the earliest possible activation time is 2016-01-11 00:00:00 UTC.

Activation is achieved when 750 of 1,000 consecutive blocks in the best chain have a version number with the first, second, third, and thirtieth bits set.

And, as recorded at fan-site xtnodes.com, the number of BIP101 mined blocks during the last 1000 blocks is zero:

Selection_20160110_001

Meanwhile, Mike Hearn has apparently

Read more ... source: TheBitcoinNews

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