Until the end of summer, the market of bitcoins may be in for a major shock. The solution to the perennial dispute over the way to establish an uninterrupted operation of the blockbuster between the miners and developers can lead to a split and the existence of two versions of blockade and bitcoin, which, according to experts, threatens the record volatility of the crypto currency.

Consensus was not found in the blockroom.

After 160% growth in the cost of bitcoin, the market of the most famous crypto currency is waiting for a new shock. According to Bloomberg, after two years of non-negotiable disputes, two competing groups that play a key role in maintaining the efficiency of this currency are preparing to release two competing software updates.

Experts believe that this increases the likelihood that "bitcoin will be divided into two parts" - an unprecedented event for the market with a volume of $ 41 billion.

It is noted that both groups are theoretically ready for consensus, but it is not achievable because of the absence of a central body that would organize reconciliation.

Traders give advice to prepare for volatility and act quickly as soon as the resolution of the situation becomes known. The conflict is based on an ideological split among users and developers of bitcoin.

The adherents of the crypto currency are still arguing whether it should develop towards the mainstream and large corporations or remain "in opposition", whether it should be an asset, like gold, for example, or be introduced into payment systems.

To protect the crypto currency from cyber attacks, special blocks are used for transaction chains with a limited amount of transmitted information -. Taking into account the growth of the exchange rate and the general increase in the activity of deals with bitcoin in 2017. The time of transactions and commission fees for them reached record values. This reduced the ability to handle crypto-currency payments at the same speed as classic payment systems, for example, Visa.

Cause of discord.

As a result, the adepts of the crypto-currency split into two camps. Miners owning expensive systems for bitcoin mining proposed to increase the size of blocks.

Their opponents - software developers for crypto currency - insisted on another way: to unload the network, some operations should, in their opinion, be conducted outside its limits. In addition to reducing the "congestion", according to the developers, this will allow developing other bitcoin projects, for example, smart contracts (today the main rival bitcoin in the field of smart contracts is Etherium).

One option is the proposed SegWit protocol, which extracts the transaction signature and places it in a separate data structure. However, it will considerably weaken the positions of the miners, most of which are based in China, who invested millions in the mining farms.

"SegWit is an excellent technology, but it does not match the interests of the miners," said co-founder of the world's largest mining organization Antpool, Wuhu Jihan,. Last month, a compromise technology was chosen - SegWit2x, which implements SegWit and doubles the block size limit.

It still satisfies the miners - 85% of the world community declared their readiness to support the technology after its launch on July 21, 2017. But at the same time, 15% are not ready to accept SegWit2x - and this gives experts reason to predict the split bitcoin. "If the split happens, the bikoin is likely to exist in two blockhouses in parallel - there will be two versions of the crypto currency, which in the end will lead to volatility," experts said..