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Bitcoin community forced SegWit upgrade with BIP148 in 2017, Charlie Shrem notes

Bitcoin community forced SegWit upgrade with BIP148 in 2017, Charlie Shrem notes
Bitcoin community advanced SegWit upgrade

Charlie Shrem, founder at CryptoIQ, recalls that in 2017 a large part of the bitcoin community rallied behind BIP148 and a User Activated Soft Fork (UASF) to push a popular upgrade, Segregated Witness (SegWit), to bitcoin.

Shrem notes this was in response to miners delaying implementation after the New York Agreement, which he mentions was signed while he was in prison. He adds that this process increased bitcoin's block size.

Shrem previously discussed early bitcoin adoption, recalling efforts to distribute hundreds of Casascius coins and digital bitcoins at conferences in 2011 and 2012. Those giveaways, according to Shrem, eventually represented billions of dollars. His comments provide context on how community-led initiatives have played a role in bitcoin’s development.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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