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Bitcoin Segwit2x (BT2) is a cryptocurrency created due to a planned hard fork of the original Bitcoin blockchain. This fork aimed to increase the block size from 1MB to 2MB, thereby improving scalability and transaction speed. BT2 is designed to be compatible with the existing Bitcoin ecosystem and to provide a seamless upgrade for users and developers.
As a fork of Bitcoin, BT2 shares many similarities with its predecessor. It utilizes the same Proof-of-Work consensus mechanism and maintains a total supply of 21 million coins. However, the larger block size allows for faster and more efficient transaction processing, addressing one of the main challenges faced by the Bitcoin network.
Bitcoin Segwit2x, represented by the ticker BT2, offers traders and users the opportunity to benefit from improved scalability and faster transactions. With its increased block size, BT2 aims to enhance the user experience and help Bitcoin become a more viable payment solution. By providing a seamless upgrade path, BT2 aims to support the growth of the Bitcoin ecosystem and meet the increasing demand for a more efficient and scalable digital currency.
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