Another Bitcoin Cash on the way?

The Segwit2x developers have posted an announcement on GitHub that in November 2017, they are going to change the size of a typical block mined in the Bitcoin blockchain, increasing it from 1 MB to 2 MB. After this happens, the developers who will decide to support this yet another hard-fork will mine these new blocks, thus creating something similar to Bitcoin Cash we have already seen appearing as a result of a resemblant scenario.

Bitcoin Cash appeared when the amount of Bitcoin users grew so dramatically that transactions became slower. Payment transactions in Bitcoin are approved through the blockchain network, recording data into blocks. The original cryptocurrency community solved this issue by creating a new protocol, or rather, the new way of recording data – Segregated Witness, that allows to record more data in a single block. Bitcoin Cash hard-fork supporters, however, just increased the size of a typical block from 1 MB to 8 MB, trying to accelerate transactions their way.

The Segwit2x developers combine these two ways: their project includes both SegWit implementation and a block increase to 2 MB. They plan to activate this new chain approximately 90 days after SegWit activation in the original Bitcoin blockchain.

It should be reminded here that Bitcoin Cash was warmly welcomed by the market, becoming the third most valuable cryptocurrency after Bitcoin and Ethereum. However, nobody can be sure that this new cryptocurrency will become just as valuable: the first hard-fork was a unique event, this will only be a repetition of what the market has already seen.