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    Bitcoin's long-overdue upgrade is all things to all people

    by 
    Rachel England
    Rachel England
    07.21.2017

    Bitcoin backers have welcomed a code upgrade that will improve the virtual currency's usage and scalability. The upgrade, known as SegWit2x, represents a compromise between two competing schools of thought on Bitcoin's future. There had been some anxiety that the community would not get behind the new standard, but Bloomberg reports that 93 percent of miners "locked in support for BIP91, the first necessary step in implementing SegWit2x."