We just posted this on the DigiByte Telegram alerts channel (only alerts, no chatting, a most concise way for us to deliver information quickly without clutter). Subscribe here:
https://t.me/DGBalertsThere has been much confusion over the last few days as to what is happening with a potential Bitcoin hard fork and how this might affect DigiByte. Several people are asking us similar questions. At this time this is how we see the situation.
There are 6 possible outcomes to the Bitcoin dilemma and how Bitcoin might fork.
1) Original Segwit Activates: (BIP 141). Now signaling 100%, as miners quickly all upgraded recently. Expected to lock in this period (by 10th). Potential Conflicts with BIP 91 and BIP 148 may emerge.
2) Segwit2x. (2mb Proposal). 87% singaling.
3) BIP 91 (Compatible with 148 but miners signal, not users). Now already locked in. Should beat out 141. Locks in 24 hours from now.
4) UASF (BIP 148, user activated). Supported by BIP 91 above.
5) BCC (Bitcoin Cash). This fork will emerge at 12:20 UTC time on August 1st. Will not include Segwit.
6) Emergent Consensus. Aka Bitcoin Unlimited. 39.9% signaling.
As you can see it is very confusing. Most likely bip 91 locks in, SEGWIT is activated and Bitcoin Cash emerges as a fork on the 1st. However, there could be other unknown issues if 141 locks in as well as BIP 91 between now and August 10th. For now, most large exchanges appear to not be supporting BCC.
You can follow the drama on the aptly named:
https://coin.dance/blocksHow does this affect DigiByte? Linguistic data shows once we have moved past this point of uncertainty we could be on the verge of a very large Bitcoin bull run and a wider bull run in crypto markets. This is a net positive for DGB.
Segwit activation on BTC also opens up the possibility of cross-chain transactions between Bitcoin, DigiByte and Litecoin. This allows for a whole new world of possibilities and puts DigiByte in a very "exclusive" trio for experimentation and cross blockchain innovation.
This all fits in nicely with our vision of the decentralized future which in the near term, includes the creation of decentralized exchanges which is greatly needed at this point in time.
We will be following the situation closely and will post updates as deemed appropriate. T-minus 24 hours and counting.