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After SegWit2x Hard Fork Rookstock Confirms Launch ‘By December’

Diego Guiterrez, Rookstock (RSK) CEO has confirms the final launch after the possible SegWit2x hard fork between mid-November and mid-December.

On Monday, in a Twitter exchange, Gutierrez says that the timing of the initial release was deliberate to avoid complications from a hard fork.

Rookstock (RSK) is an open source smart contracts platform fastened to Bitcoin. It is the first implementation for the network which will see intentionally more capacity and faster payments.

Guiterrez have to say only one reason when asked what stage the project’s technology was at? “Waiting”. It was the SegWit2x hard fork issue.

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Also Read: The Official meet of Bitcoin scaling agreement: 2MB hard fork + Segwit.

He wrote, “On our side, the entire tech is in place, and the reason why we’re waiting is because of the potential fork which might happen after mid (November)”.

On the note of which chain RSK would support if a hard fork did occur, he says that anyone willing to integrate smart contracts but that “limited resource” means the chain with most transaction would get “priority”.

China setback

Eventually, SegWit2x is taking its niche in Bitcoin industry debate this month. Therefore, as a regulatory upheaval in china and becomes a decisive factor regulating volatility and price.

Recently, community consensus has drifted towards discrediting the forking proposal. It came out of Barry Silbert’s New York Agreement (NYA) in May.

The initiation of Bitcoin Cash, Adam Back Blockstream CEO said as an example makes SegWit2x seem “moot”.

Meanwhile, Co-founder of Catallax, Francis Pouliot, adds to the opinion that such hard forks were ultimately malicious acts. Last month, Chain engineer Oleg Andreev describes them as “FUD projects”.

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Qadir AK

Qadir Ak - Co-founder of Coinpedia Blog - His interest as crypto Author, Editor, Speaker at cryptocurrency conference has made him known as passionate blogger and startup in Asia.

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