The stabilization seems to be the result of Bitcoin miners reaching an agreement on the enactment of the Bitcoin Improvement Proposal.
This agreement means the avoidance of a user-activated softfork (UASF), the possibility of which caused significant unease among investors.
That’s because a softfork could have led the cryptocurrency to split into two assets with separate trading platforms, making it difficult to gauge future performance. Additionally, the agreement allows Bitcoin to add features that will make transactions faster.
Even though there are still risks with the update of Bitcoin’s code, the agreement seems to have calmed the trading market for now. If the updates go as planned, we will likely see increasing stability of the price of Bitcoin.
- Outlines banks’ experiments with blockchain technology.
- Details blockchain projects at three major banks — UBS, Credit Suisse, and Banco Santander — based on in-depth interviews.
- Discusses the likely trends that will emerge in the technology over the next several years.
- Highlights the factors that will be critical to the success of banks implementing blockchain-based solutions.
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