SegWit2X comes back to life, but in this case not as an update for Bitcoin, but as B2X, an Altcoin that implements this protocol and other additional measures to give robustness to the project, which does not have a clear purpose.

Possibly many of you will have received a strange email from YoBit a few hours ago in which a Bitcoin hardfork is announced on November 28, at about 21:00 p.m., Spanish time. The truth is that these days we do not know the amount of forks to Bitcoin, which means that there is no longer any interest in them, but that of this B2X, as it is called, has some peculiarities that are attracting attention and among these is that it is about resuscitating the SegWit2X project, which was abandoned for lack of consensus, and avoiding a monumental mess within Bitcoin.

After the announcement, the value of SegWit2X futures has skyrocketed, causing them to trade at $ 1.100, a value that had not been reached since last November 8 and shortly after the value collapsed. The thing is that this SegWit2X is not properly an update of the Bitcoin network, but it generates an Altcoin called B2X. This project has nothing to do with the original proposal by Jeff Garzik, a former Bitcoin Core developer.

This newly developed asset implements replay protection and a single address structure, which makes it clear that B2X has nothing to do with BTC, but rather a fork intended for proponents of the original SegWit2X proposal. B2X will have a pre-finished quantity. The developers' website assures that these funds remain because they are the ones that would belong to the creator of the BTC, Satoshi Nakamoto. The developers assure that these withheld funds will be distributed to "those who support the network", but do not give further details.

In addition, this protocol implements great differences, since the network will be based on X11 encryption and not on SHA-256, it will have blocks of 2.5 minutes, instead of the BTC blocks that are 10 minutes. The difficulty will be calculated in each block and on the web they ensure that they will implement zkSNARK, to provide anonymity to the transaction. Also, the blocks, despite the name, will not be 2MB, actually B2X will have 4MB blocks in size.

Considering these factors and the speed with which this fork has developed, many have more than enough reason to be cautious with this project, as many view it with some reluctance. Before taking any action, one should proceed with extreme caution. It's also worth noting that the B2X developers told CCN that "we chose the name because our goal is to revive the SegWit2X, which has been left behind. Our fork isn't an alternative; it's the same fork that didn't happen in November, but now with improved functionality. We didn't intend to limit anyone."