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Bitcoin Split October

Bitcoin Gold A Friendly Dividend Fork, Or Bitcoins Disaster Recovery Plan?

Bitcoin Gold A Friendly Dividend Fork, Or Bitcoins Disaster Recovery Plan?

Bitcoin Gold A friendly dividend fork, or Bitcoins disaster recovery plan? Luke Parker , 04 Oct 2017 - Bitcoin , Bitcoin Gold , Hard Fork On October 25th, the Bitcoin blockchain is set to hard fork and create a new cryptocurrency called Bitcoin Gold (BTG) . Existing private keys holding a Bitcoin balance at that time will be credited with the same amount of Bitcoin Gold on November 1st, similar to how they received Bitcoin Cash at the beginning of August . A wallet for Bitcoin Gold may not be available in time, however, which could cause a delay of up to a few weeks before holders will be able to use the new coins. The driving force behind Bitcoin Gold is a team of developers, miners, and other contributors led by Jack Liao, the CEO of Hong Kong mining manufacturer LightningAsic. His financial partner in the endeavor is known simply as Wubi, a Chinese mining tycoon and owner of Chinese Bitcoin news portal Jinse.com. The projects anonymous lead developer goes by the name H4x3rotab, and several other developers and contributors can be found inside the projects GitHub project and slack channel. Deemed a friendly fork by the development team, many differences in this copy of Bitcoin make it less like Bitcoin Cash and more like a complimentary accessory to Bitcoin. H4x3rotab explained to Brave New Coin that there are vested interests who benefit from blocking upcoming upgrades of Bitcoin by making hard forks like C-cash, D-cash, or SegWit4x and SegWit8x. His teams plan to combat this ongoing attack is to have Bitcoin Gold take a similar, supporting role to Bitcoin, much like Litecoin did for the segwit upgrade when it deployed segwit first . However, unlike Litecoin, which has shorter block times and uses a mining algorithm that is different but still allows for ASICs, Bitc Continue reading >>

Logical Or Not, Bitcoin's Coming Fork Is Boosting Its Price - Coindesk

Logical Or Not, Bitcoin's Coming Fork Is Boosting Its Price - Coindesk

Logical or Not, Bitcoin's Coming Fork Is Boosting Its Price Bitcoin may be trading at an all-time high, but the reasons why have experts wondering. Despite increased dialogue about the cryptocurrency's potential, and growing acknowledgment from the mainstream, there are some who believe now isn't the best time to buy the notoriously volatile asset. After all, in just weeks, bitcoin is likely to see not just a contentious split of its blockchain, but an adversarial one . Looking for context on what could happen if bitcoin splits and one version tries to destroy the value of the other? As developers freely admit, you're unlikely to find it it's a first. "Bitcoin traders are some of the most irrational investors you'll come across,"OpenBazaar developer Chris Pacia said in a Facebook post addressing the issue. The brutal sentiment points to what has been the uptick in buying that appears to be taking place not just despite but because of the coming fork, now slated for November . In contrast to zealous investors , developers like Pacia are finding it hard to believe anyone would put big money into a protocol about to undergo a process eventhey're just beginning to understand . Yet it seems, investors believe the momentum is warranted given the results of the last hard fork in August, which split the network in two, but did so in a way that fairly safely created a new asset called bitcoin cash . Distributed to all bitcoin owners at the time of the fork, investors were suddenly given an equal amount of valuable cryptocurrency (bitcoin cash has held relatively steady around $300 per coin, but has traded for as much as $1,000). Far from a risky proposition, investors see that extra value as just created out of thin air and delivered to existing investors for free. But while de Continue reading >>

A Bitcoin Beginners Guide To Surviving The Bgold And Segwit2x Forks

A Bitcoin Beginners Guide To Surviving The Bgold And Segwit2x Forks

A Bitcoin Beginners Guide to Surviving the Bgold and SegWit2x Forks This is an updated version of A Bitcoin Beginner's Guide to Surviving a Coin-Split specifically addressing issues associated with the upcoming Bitcoin Gold and SegWit2x forks. It looks as if Bitcoin will experience at least two more coin-splits soon, which (more accurately) will result in the creation of new coins. On October 25, Bitcoin Gold (Bgold) will split off from Bitcoin to create an ASIC-resistant cryptocurrency. A few weeks later, a significant group of Bitcoin companies wants to hard fork according to the SegWit2x plan as defined in the New York Agreement (NYA), which will probably result in yet another new coin. Update: Many of these companies and the main organizers behind SegWit2x have by now decided not to move forward with their hard fork. Others may still proceed, however, so if you want to be on the safe side, the advice in this article does still hold up. If this all plays out, there could be three distinct blockchains and three types of coins within about a month of publication of this article. One blockchain would follow the current Bitcoin protocol; for the purpose of this article, that coin will be referred to as BTC. The second blockchain will follow the Bgold protocol; in this article, that coin will be referred to as BTG. The third blockchain will follow the SegWit2x protocol; that coin will be referred to as B2X. The good news is that each BTC will effectively be copied onto both the Bgold and the SegWit2x blockchains. If you hold Bitcoin private keys at the time of the forks, you should be able to access your BTG and B2X coins as well. The bad news is that such forks can be somewhat messy and risky. If youre not careful, its easy to lose your BTC or B2X, and maybe your BTG. T Continue reading >>

Preparing For The Bitcoin Hard Forks: A Step-by-step Walkthrough

Preparing For The Bitcoin Hard Forks: A Step-by-step Walkthrough

Preparing for the Bitcoin Hard Forks: A Step-by-Step Walkthrough At the moment there are two forks planned for the Bitcoin network, and cryptocurrency proponents are curious about taking the best preparations. One fork is called Bitcoin Gold which is scheduled for October 25, while the other hard fork Segwit2x (BTC1) will take place roughly around mid-November or block height 494784. Also read: Putin Tells Central Bank Not to Create Unnecessary Barriers to Cryptocurrencies This past summer news.Bitcoin.com wrote a lot about preparing for a fork when the entire Bitcoin network and its participants experienced the August 1 blockchain split. Currently, there are two bitcoin forks scheduled to happen over the next few weeks. This means if splits happen to occur between all of them, there could be a total of four blockchains that share the same transaction history of the original Bitcoin blockchain created by Satoshi Nakamoto. The Bitcoin Gold project is expected to fork the bitcoin network on October 25. However, the network will not go live until November 1. The Bitcoin Gold (BTG) project aims to fork the network so they can create an Application Specific Integrated Circuit (ASIC) resistant version of bitcoin. The reason they are forking the network is because the team thinks ASIC mining is too centralized. So BTG developers plan to make bitcoin mineable using Graphic Processing Units (GPU), by changing the original protocols consensus to an algorithm called Equihash. This hard fork is planned for October 25 the developers have stated, but the network itself wont be live until November 1. The Segwit2x project is expected to fork the bitcoin network atblock height 494784 The Segwit2x hard fork is a technical compromise stemming from the New York Agreement (NYA) this past s Continue reading >>

Bitcoin Gold: What To Know About The Blockchain's Next Split - Coindesk

Bitcoin Gold: What To Know About The Blockchain's Next Split - Coindesk

Bitcoin Gold: What to Know About the Blockchain's Next Split Anyone who owns bitcoin will soon be able to receive a new cryptocurrency. As of block 491,407 on the bitcoin blockchain, another alternative version of the protocol will be launched, resulting in a variant that's being branded bitcoin gold (BTG). The project, which seeks to improve bitcoin's technology by changing how its competition for rewards is conducted, is the second to launch since August via an increasingly common process called a "hard fork." Readers may remember the term from the launch of bitcoin cash , the alternative version of the bitcoin protocol that spurred global headlines for unexpectedly creating billions of dollars in value, seemingly out of thin air. Looking ahead, many industry observers are expecting the same results this time around, though there may be reasons for enthusiasm to be tempered. In short, bitcoin gold aims to achieve two goals: First, bitcoin gold wants to change how mining works by making it so the most powerful mining machines (called ASICs) can no longer be used. Second, by attracting more people to this system over time, it hopes to free the bitcoin network from the large companies that offer these products, and it argues, command undue influence on the network. Instead of scaling bitcoin to support more users, bitcoin gold tweaks bitcoin in an effort to "make bitcoin decentralized again." This, proponents argue, will make the network, designed to offer an egalitarian way to send payments digitally around the globe, more accessible to users. And while created via the same mechanism, bitcoin gold differs from bitcoin cash in a few ways, most notably in its distribution. The bitcoin gold cryptocurrency is set to be created in advance (prior to the code being open-sourc Continue reading >>

A Bitcoin Beginners Guide To Surviving The Bgold And Segwit2x Forks

A Bitcoin Beginners Guide To Surviving The Bgold And Segwit2x Forks

A Bitcoin Beginners Guide to Surviving the Bgold and SegWit2x Forks October 13, 2017, 10:11:31 AM EDT By Aaron van Wirdum, Bitcoin Magazine This is an updated version of A Bitcoin Beginner's Guide to Surviving a Coin-Split specifically addressing issues associated with the upcoming Bitcoin Gold and SegWit2x forks. It looks as if Bitcoin will experience at least two more "coin-splits" soon, which (more accurately) will result in the creation of new coins. On October 25, Bitcoin Gold (Bgold) will split off from Bitcoin to create an ASIC-resistant cryptocurrency. A few weeks later, a significant group of Bitcoin companies wants to hard fork according to the SegWit2x plan as defined in the " New York Agreement " ( NYA ), which will probably result in yet another new coin. If this all plays out, there could be three distinct blockchains and three types of tokens within about a month of publication of this article. One blockchain would follow the current Bitcoin protocol; for the purpose of this article, that token will be referred to as "BTC." The second blockchain will follow the Bgold protocol; in this article, that token will be referred to as "BTG." The third blockchain will follow the SegWit2x protocol; that token will be referred to as "B2X." The good news is that each BTC token will effectively be copied onto both the Bgold and the SegWit2x blockchains. If you hold Bitcoin private keys at the time of the forks, you should be able to access your BTG and B2X tokens as well. The bad news is that such forks can be somewhat messy and risky. If you're not careful, it's easy to lose your BTC or B2X, and maybe your BTG. This guide will provide you with the basics to keep your funds safe during the upcoming forks and help to ensure you make it to the end of next month with yo Continue reading >>

Will We Really Lose Bitcoin In The Segwit2x Fork?

Will We Really Lose Bitcoin In The Segwit2x Fork?

Will We Really Lose Bitcoin In The SegWit2x Fork? By: Sudhir Khatwani In: Bitcoin Last Updated: CoinSutra welcomes you to another Bitcoin hard fork mess! And when I say mess, I mean it more than ever. In a recently concluded Bitcoin hard fork (i.e Bitcoin Cash ), we witnessed the ebbs and flows of being a Bitcoin investor. And now, again, the Bitcoin ecosystem, including every type of entity connected with it, is being tested because we have another Bitcoin hard fork scheduled for this November. I know some of you might wonder why this is happening because Bitcoin has already scaled, activated SegWit, and Bitcoin Cash supporters have already parted their ways with bigger block sizes. Well, my answer is simply that the Bitcoin scaling debate is not over yet! For those of you who have been reading CoinSutra diligently, you will know about the unconcluded story of the New York Agreement . And now, this unconcluded story is about to reach its climax. NYA (aka New York Agreement or aka SegWit2x ) is a Bitcoin scaling solution that was signed and agreed to by a large number ofminers, developers, and investors in Consensus 2017 . SegWit2X is a fancy derivative name given to a combo of scaling solutions (i.e SegWit and 2MB block size increase). It simply means implementing SegWit first, and then within 3 months of SegWit activation, it aims at implementing a 2MB block size for the Bitcoin network. And since SegWit2xs first leg (i.e. BIP 91 (SegWit)) was already put in place on July 21, 2017, the last and final leg is still pending. Now the present mess is about the implementation of the 2MB block size (which is happening in mid-November 2017). But as I have described in my Bitcoin Improvement Proposal article, 2MB blocks will be implemented only when core developers and other Continue reading >>

The Bitcoin Gold Hard Fork Explained (coming October 25)

The Bitcoin Gold Hard Fork Explained (coming October 25)

The Bitcoin Gold Hard Fork Explained (Coming October 25) Last updated on November 1st, 2017 at 07:59 pm Bitcoin Gold (BTG/Bgold) is an upcoming hard fork of the Bitcoin blockchain thats scheduled to occur on October 25. Bgold has nothing to do with the yellow metal, so it shouldnt be confused with BitGold, the gold investment and payments firm. Bgold is equally unrelatedf to both the previous hard fork, Bitcoin Cash (BCH/Bcash), which occurred on August 1, and the upcoming SegWit2x (S2X/Bizcoin) hard fork, which is scheduled for mid-November . Bitcoin Gold will alter Bitcoins proof-of-work algorithm from SHA-256 , which is currently dominated mostly by Chinese ASIC miners, to the Equihash algorithm . Equihash is also employed by the zCash (Classic), Zencash, and Hush cryptocurrencies.Equihash is mostly mined by graphics cards (GPUs). According to the Bgold pitch, returning Bitcoin mining to home users will bring forth greater decentralization. However, massive Russian and Japanese Bitcoin mining operations have been planned for 2018, so it seems that Bitcoins mining centralization problem is slowly resolving itself. The man behind Bgold, Jack Liao, is also the CEO of LightningASIC , a Hong Kongbased company that mines mostly Litecoin and produces cryptocurrency hardware . Its surely no coincidence that LightningASIC produces a multi-GPU mining unit, of which it currently holds 913 units in stock.Should Bgold succeed in taking market share away from Bitcoin, LightningASIC would benefit greatly from both mining the new altcoin and selling miners for it. Because the Bcash and Segwit2x forks are just as transparently motivated by financial self-interest, its hard to single out LightningASIC for its actions. Were Bitcoiners not compensated with free altcoins by these spin-o Continue reading >>

Bitcoin Gold Price Plunges: What You Need To Know About The Hard Fork

Bitcoin Gold Price Plunges: What You Need To Know About The Hard Fork

Bitcoin just split again, giving rise to bitcoin gold The price of bitcoin took a hit after the cryptocurrency underwent another split, with the newly-created bitcoin gold seeing its value plunge over 60 percent. Bitcoin hit a low of $5,374.60 on Wednesday before recovering nearly $300. The initial fall followed the "hard fork" that occurred Tuesday. CNBC runs through what you need to know about the big event. Firstly, it's important to understand how the bitcoin system works . Transactions by users are gathered into "blocks" that are turned into a complex math solution. So-called miners, using high-powered computers, work these solutions out to determine if the transaction is possible. Once other miners also check the puzzle is correct, the transactions are approved and the miners are rewarded in bitcoin. The need for high-end machinery has meant that mining is controlled by a small group of people with powerful computers. Jack Liao, the CEO of LightningASIC, which sells mining equipment, came up with bitcoin gold as a way to change this dynamic. The idea is to allow bitcoin gold to be mined by more people with less powerful machines, therefore decentralizing the network further and opening it up to a wider user base. To this end, the collective behind bitcoin gold came up with a code that creates a "fork" or split in the bitcoin blockchain. That occurred on October 24 and resulted in the creation of the bitcoin gold cryptocurrency. Yes. In July, bitcoin underwent a similar fork that led to the creation of bitcoin cash. There was an initial surge in price, and it hit an all-time high of $914.45, but has fallen steadily, according to data from Coinmarketcap.com. On Wednesday, bitcoin cash was trading just above $330. Bitcoin cash's market capitalization the total value Continue reading >>

Bitcoin Gold: What You Need Toknow

Bitcoin Gold: What You Need Toknow

Bitcoin Developer and Entrepreneur/PGP Fingerprint: C1D7 97BE 7D10 5291 228C D70C FAA6 17E3 2679 E455 Theres a Bitcoin hard fork around the corner and its not 2x. Announced right before Bitcoin Cash forked, Bitcoin Gold is scheduled to go live sometime in November. In this article, Im going to explain what Bitcoin Gold is, how and when it will hard fork and what youll need to do to prepare. Bitcoin Gold is the brainchild of Jack Liao and is launching as a hard fork of Bitcoin. The goal of BTG is to become a better gold than Bitcoin. The chief way they have decided to do this is trying to solve miner centralization through a proof-of-work change. Changing proof-of-work is generally going to require a hard fork and BTG has decided to go that route. The proof-of-work that theyve chosen is Equihash , a memory-hard algorithm thats fairly ASIC resistant and also used by ZCash. The idea is to give mining back to the users who can start using CPUs and GPUs to mine. BTG developers are also considering a premine of up to 1%. How that will be executed is unclear, but will probably consist of taking some of the mining reward as theyre committed to keeping BTG at the 21 million limit. ASICs are Application Specific Integrated Circuits. Theyre different from CPUs in that they do only one thing, but they do it really, really well. Bitcoin mining is currently completely dominated by ASICs, mostly produced by Bitmain, Bitfury and Canaan. This is largely due to the proof-of-work function (SHA256) being reasonably simple and not requiring much RAM. Equihash, on the other hand, is a pretty complex hashing function and requires a lot of RAM to perform. That means its much more expensive to produce ASICs for Equihash and the speed gain isnt nearly as much. To give you an idea, a normal CPU Continue reading >>

New, Imminent Bitcoin Gold Fork Met With Skepticism

New, Imminent Bitcoin Gold Fork Met With Skepticism

New, imminent Bitcoin Gold fork met with skepticism The proposed fork will create a new blockchain to trade the digital currency, but not everyone is convinced. A new hard fork is due to take place imminently on the Blockchain network to create Bitcoin Gold, a cryptocurrency intended to bring trading back to decentralized roots. The split is due to occur on October 24, after block 491,406 is mined. At this time, the Bitcoin Gold (BTG) protocol will launch. Microsoft Edge on Android: Windows 10 browser spinoff clocks up million users We've had Bitcoin, Bitcoin Cash, and now Bitcoin Gold. In August, cryptocurrency traders were faced with the first Bitcoin network fork , which caused a chain split that made trading in Bitcoin and Bitcoin Cash possible. At the time, users were warned to hold off trading as node disruption could result in Bitcoin being traded on an incompatible network, leading to lost funds. No such disruption is expected for the Bitcoin Gold split, however. Instead, the new blockchain will be incompatible with the existing version of Bitcoin (BTC) after a "snapshot" is taken at the time of the fork, and mining machines will be limited. ASICs will not be able to mine the digital currency, and the operators argue that this will help resolve present issues of decentralization. By eradicating the use of powerful, expensive hardware required to mine Bitcoin, BTG aims to be more accessible to users worldwide. The cryptocurrency will be mined through the Equihash algorithm, which allows the average user to use their CPU power to mine. (This is the same algorithm used by cryptocurrency miners in websites if it sounds familiar.) All owners of BTC will receive BTG at an exchange rate of one coin, per coin. Bitcoin funds will be untouched. According to Coinbase , 10 Continue reading >>

Bitcoin: The Upcoming Fork And What It Means

Bitcoin: The Upcoming Fork And What It Means

Bitcoin: The Upcoming Fork and What It Means Brazils central bank recently labelled bitcoin a pyramid scheme, joining several other entities, from JP Morgans CEO to Russias key finance organs, in attacking bitcoin. Central bank president Ilan Goldfajn stated that the bitcoin is a financial asset with no ballast that people buy because they believe it will appreciate. That is a typical bubble or pyramid [scheme]. This is similar to the viewpoint of Russias Deputy Finance Minister, Aleksey Moiseev , who stated there is a point of view that cryptocurrencies, like bitcoin, are a financial pyramid. Its hard to argue with this point of view. The investments are very risky . Yet, in both instances, counterparts and other central organs were hard at work in producing legislation to legitimise ICOs, or bitcoin itself. Russia saw the Ethereum founder working with Russian-owned development bank Vnesheconombank (VEB) to provide education, events and architecture reviews for VEB, as well as reports of the creation of a register for miners to legitimise mining operations. Brazil, on the other hand, is seeking to legitimise cryptocurrency activity, hoping to introduce working rules for the use of cryptocurrencies in the country . However, as confusing as the political and financial stances of sovereign states are, there is a further series of obstacles that lie ahead for bitcoin most notably the upcoming hard fork. Pressure is mounting from Ethereum as the recent Byzantium hard fork is running smoothly, particularly as mining on the old blockchain with the older ruleset has ceased , meaning there will be no rival Ethereum-esque currency. To understand the importance of such a statement, one must understand what a fork is, and how it works. As Investopedia conveys, a hard fork is a ra Continue reading >>

October Bitcoin Gold Hard Fork: What You Need To Know

October Bitcoin Gold Hard Fork: What You Need To Know

Have you heard about Bitcoin Gold? How about the hard fork that is occurring on October 25th? If not, keep reading because I am going to be explaining everything that you need to know. It is the exact same scenario as the last hard fork. You will be able to move your Bitcoin into a wallet (where you have the private keys) and collect free Bitcoin Gold that is equal to the number of Bitcoins that you have. So you need to make sure that you move all of your Bitcoins to a private wallet to take advantage of this. You are able to basically get free money which could significantly boost your portfolio balance. The team that is behind Bitcoin Gold have explained that this fork is much different than the Bitcoin Cash fork that occurred earlier this year. Bitcoin Gold is supposed to be a complementary system that supports Bitcoin as it grows. Bitcoin Gold is supposed to be a competitor of Bitcoin Cash and Ethereum (not Bitcoin). There is a possibility that the Segwit2x split in November is a failure. With that in mind, Bitcoin Gold would be there to pick up where Bitcoin left off if it was necessary. Think of it is a recovery or a backup for Bitcoin. No matter what happens, Bitcoin Gold is a big deal. You need to be a smart investor and take advantage of the free coins that you will be receiving during the fork. Keep in mind that you may not actually receive the coins until a few weeks after the fork. Are you new to Technical Analysis? Are you having trouble remembering all the different chart patterns? We've created a "cheat sheet" that contains over 50 tips to help make trading simple. Download for free now by simply ticking the box then clicking the button. You will receive the Cheat Sheet on Facebook Messenger. Continue reading >>

From Hard Fork To $4k: A Bitcoin Cash Pricehistory

From Hard Fork To $4k: A Bitcoin Cash Pricehistory

The advanced #Bitcoin trading platform for advanced #Bitcoin traders. Our algorithms volatility. Backed by @YCombinator. From Hard Fork to $4K: A Bitcoin Cash PriceHistory On July 22, 2017, Bitcoin Cash announced that it would fork from the Bitcoin blockchain just ten days later on August1. The three phases of Bitcoin Cashs growth so far: uncertainty, exuberance, and consolidation. No one knew what this new virtual asset would be worth, or whether it would be worth anything. Bitcoin holders, their wallets, and online exchanges all rushed to figure out how they would deal with Bitcoins first hard fork. Since then, the value of Bitcoin Cash has tripled its value, lost more than half, and rallied again, closing the year with a huge spike to $4,000. Fear, uncertainty, and doubt: When the Bitcoin Cash hard fork was first announced, few knew what to do. The price fell as a plurality of miners and exchanges signaled they would not support the new coin, then rose as the hard fork itself actually triggered. General hard fork exuberance: Towards the tail end of the summer, as the price of Bitcoin Cash held relatively steady, a flood of new coins entered the market to capitalize. Bitcoin Cash maintained most of its value throughout. Consolidation and growth: With the cancellation of SegWit2x, many big-block advocates moved to BCH and the five-month-old coin got its first foothold in the mainstream. While it was initially perceived to be worthless, the huge movements in Bitcoin Cashs price over the last 4 months can be matched only by Bitcoin. The third-biggest cryptocurrency by market capitalization, Bitcoin Cash isnt just making the case that it can become the payments solution to complement the digital gold of Bitcoin. Bitcoin Cashs success has shown the world that there can be Continue reading >>

How Bitcoin Forks Influence Bitcoin Price Rise And Fall

How Bitcoin Forks Influence Bitcoin Price Rise And Fall

How Bitcoin Forks Influence Bitcoin Price Rise and Fall Wondering when the best time to buy Bitcoin is? Bitcoin price surging to $6,000 and then dropping to nearly $5,300 can give you some clues on when to enter the market. Prior to the Bitcoin Gold fork two days ago, the market made some interesting moves. Bitcoin price reached a new all time high on Oct. 20, 2017 -five days before the Bitcoin Gold fork - surpassing $6,000 for the first time and eventually climbing to nearly $6,200. Those of you who have endured past chain splits are aware of what usually happens when theres a split from the Bitcoin network. Ordinarily, the community complains, reddit.com , medium.com , and twitter.com become platforms for soapbox speeches, and a lot of trash is talked by factions within the community. However, have you noticed the other events that are correlated with a chain split? Once a chain splits, you suddenly own a number of split tokens equivalent to the number of tokens you had on the Bitcoin network. This is because the new chain will be an exact copy of the Bitcoin Blockchain up until the point where the fork occurs. If the wallet you use supports the forked chains software, you will be the owner of two digital tokens: Bitcoin and the Forked Chain Token. In our example we will use Bitcoin Cash (BCH) as the forked token. When the Bitcoin Cash chain forked off of the main chain, owners of Bitcoin became owners of an equivalent amount of Bitcoin Cash. This is because the chains were identical until the fork occurred. If you owned 10 BTC before the split, then you owned 10 BTC and 10 BCH after the split. This is where the slope becomes slippery. People or organizations with unfathomable amounts of money can use forks as an opportunity to extort both the Bitcoin network and the Continue reading >>

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