Now that SegWit has locked-in, Bitcoin’s three-year civil war appears to be nearing an end. While we aren’t completely out of the woods yet--questions remain about the pending blocksize increase this fall, and about the long-term viability of Bitcoin Cash--the conflict does appear to be nearly resolved.

The next step is SegWit activation, which will come in about two weeks after the Bitcoin mining difficulty retargets again. Once SegWit is activated, more transactions will be able to fit into each 1 MB block, and congestion on the network will drop. Further enhancements such as the lightning network will be able to move forward, perhaps revolutionizing the digital currency.