The founder of the project Jaap Terlouw is doing everything possible to attract the miners into the ranks of the new cryptocurrency. He gave a promise of giving out a similar amount of B2X to all BTC holders. The block size is increased to 4 MB, and the block extraction speed is 2.5 minutes. Also, Segwit2X has protection against duplication of transactions and uses the X11 encryption algorithm.
What is this - somebody trying a new gimmick under the Segwit2X name? Why should the developer 'promise' to give out similar coins - Isn't it understood that users will get equal amounts of a forked coin? And if the block size if 4 MB and rate of generation of blocks is different, it is a far cry from Segwit2X as I understand it.
Good catch. I was skimming through the article thinking it was the usual spiel and didn't even notice that. This is a completely different proposal, so buwaytress is probably correct in that the actual SegWit2x already happened and was so far under the radar that nobody realised or cared, heh. As if all these forks weren't confusing enough, now they're using the same names?
Also, since SegWit already has a 4MB blockweight, does this mean the Base weight is 4MB and the Witness weight is therefore 12MB? Or have they just stuck to the same blockweight and relied on changing the timings? I mean, if they're forking from the current chain, surely they don't need to "
increase" anything when it's already 4MB. So that implies they're quadrupling the blockweight as well as quadrupling the block speed. Sounds like massive overkill if so. Perhaps we should call this one SegWit
32X.
