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Coinbase Ethereum Fork 2017

Wtf Is Bitcoin Cash And Is It Worth Anything?

Wtf Is Bitcoin Cash And Is It Worth Anything?

WTF is bitcoin cash and is it worth anything? Early yesterday morning bitcoins blockchain forked meaning a separate cryptocurrency was created called bitcoin cash . The way a fork works is instead of creating a totally new cryptocurrency (and blockchain) starting at block 0, a fork just creates a duplicate version that shares the same history. So all past transactions on bitcoin cashs new blockchain are identical to bitcoin cores blockchain, with future transactions and balances being totally independent from each other. For practical matters, all this really means is that everyone who owned bitcoin before the fork now has an identical amount of bitcoin cash that is recorded in bitcoin cashs forked blockchain. But its not exactly this easy. If you control your own private keys, or hold your bitcoin in an exchange that said it would credit users balances with bitcoin cash, youre fine and can access your newfound cryptocurrency right now. If you held your bitcoin with a provider like Coinbase, which said before the fork they arent planning on distributing bitcoin cash to users or even interacting with the new blockchain at all, then you may be out of luck. Update for customers asking if Coinbase is keeping their bitcoin cash (BCC) pic.twitter.com/gamiKDTVmx To be clear this doesnt mean companies like Coinbase and Gemini are taking your bitcoin cash for themselves. Its just that they think its a distraction and not really going to be worth anything in the long run. If this proves to be false and the coins hold value, these companies will most likely end up distributing them to users. If you know anything about cryptocurrencies you know there are a ton of them. Like thousands of them . Some are legitimate and substantially different (arguably better) than bitcoin, and some Continue reading >>

Coinbase Hard Fork Plan Credits 2x Coins, Shuns Bitcoin Gold

Coinbase Hard Fork Plan Credits 2x Coins, Shuns Bitcoin Gold

Coinbase Hard Fork Plan Credits 2x Coins, Shuns Bitcoin Gold Coinbase will preserve the BTC ticker for the Bitcoin legacy chain, it says, while initially not supporting Bitcoin Gold. Largest US exchange Coinbase has finally released its official stance on Bitcoin hard forks SegWit2x and Bitcoin Gold. In a blog post Monday, Coinbase surprised some in the cryptocurrency community by stating it would retain the BTC ticker for the legacy chain under all circumstances. Following the fork, Coinbase will continue referring to the current Bitcoin Blockchain as Bitcoin (BTC) and the forked Blockchain as Bitcoin2x (B2X), the post reads. Update on Bitcoin Segwit2x and Bitcoin Gold: Coinbase has taken longer than many exchanges to release its plan of action regarding hard forks, with notice being given the same day Bitcoin Gold split from BTC. This lesser-known fork, Coinbase says, will only get support if the Blockchain proves to be secure and valuable. Information about this fork has been limited and there are concerns about its security and stability, it continues. As a result, we do not believe it is safe to allow support for Bitcoin Gold at this time. Bitcoin Gold (BTG) is currently listed on Coinmarketcap as a pre-release token, with an estimated value of $410 per coin at press time. The codebase for BTG is meanwhile incomplete, with a lack of replay protection still being addressed after an open community appeal on GitHub. Continue reading >>

Bitcoin Hard Fork Segwit2x Closing-in: Coinbase To Include Both Blockchains

Bitcoin Hard Fork Segwit2x Closing-in: Coinbase To Include Both Blockchains

Bitcoin Hard Fork Segwit2x Closing-In: Coinbase To Include Both Blockchains The San Francisco-based trading platform Coinbase, has just declared an update relating to the SegWit2x Hard Fork. The platform and Wallet provider follows Bitfinex announcement of its plans for the could-be split. The provider of more than 36 million wallets to BTC users and traders has showcased its plans for the Segregated Witness 2X fork. The trading platform states that is letting users and costumers know that their main target is to ensure safety and trust within the ecosystem. On top of that, it highlights that there is no action needed to be taken by users: Bitcoin can be securely stored on Coinbase before, during, and after the fork. Customers with bitcoin balances stored on Coinbase at the time of the fork will have access to bitcoin on both blockchains, explains the exchange.After the fork, we will enable access when we have determined each blockchain is secure and stable. We expect this to happen within a few days after the fork, but it may take longer if additional risks emerge. Dan Romero the firm executive, described how the company is still working in the process of Bitcoin Cash [BCH] withdrawals. The platform stated also that it is researching:engineering and security requirements for each bitcoin blockchain. However, this announced did not answer what everybody was questioning How will each fork be named as which fork has the right to be called Bitcoin. Moreover, the declared information is quite different from what its initial plans were to not support the previous HF Bitcoin cash BCH. Now, the firm is stating that access will be allowed to the new blockchain and users do not have to withdraw their coins. Community members are curious about the decisions made by companies lik Continue reading >>

Bitcoin Hard Fork In November Expected To Drive Prices High

Bitcoin Hard Fork In November Expected To Drive Prices High

Bitcoin Hard Fork in November Expected to Drive Prices High Bitcoin has already hit values of more than $6,000. Can it soar higher? Bitcoin, the world's main cryptocurrency, has a busy few weeks ahead, becauseThe Bitcoin Segwit2x or (BTC1) fork will occur around November, 16. This is expected to push prices higher. Today, Bitcoin is trading at $$5,692 with a market cap of $94.7 billion. This weekend the Bitcoin hit an all time high of $6,100. Thecreation of Bitcoin Gold is also happening. This process first started in July this year and will be complete and released to Bitcoin users. Jack Liao, CEO of Hong Kong-based LightningAsic, is the mastermind behind Bitcoin Gold, but Bitcoin Gold's codebase is incomplete. Many of you will remember the last Bitcoin hard fork , which created Bitcoin Cash and unexpectedly created billions of dollars in value. Some are anticipating a similarly robust aftermath to the upcoming hard fork. For those who hold Bitcoin through Coinbase approximately 24 hours pre-fork, Coinbase will temporarily disable all bitcoin buy, sells, sends and receives. The other cryptocurrencies such as Ethereum (ETH) and Litecoin (LTC) will not be impacted. Cryptocurrency exchanges in conflict over Bitcoin listings But the real question is what Bitcoin will trade under, "BTC" or "BC1"? Popular cryptocurrency exchanges such as Bitfinex, Bitfinex and Coinbase have stated that they will list the original bitcoin blockchain as "BTC" subsequent to the SegWit2x hard fork in November. A number of other wallet platforms and exchanges such as Xapo and Blockchain have revealed that they will list bitcoin as "BC1" and publicly list SegWit2x as "BTC," if the SegWit2x blockchain becomes the majority chain. "If we let history be our guide, the run-up to November's fork should Continue reading >>

This Happens To Your Coins During A Bitcoin Hard Fork And Possible Blockchain Split

This Happens To Your Coins During A Bitcoin Hard Fork And Possible Blockchain Split

This Happens to Your Coins During a Bitcoin Hard Fork and Possible Blockchain Split Over the past two weeks, the bitcoin community has been discussing the possibility of a hard fork in the near future. Furthermore many industry exchanges and bitcoin-based businesses are already making preparations for such an event. A couple of questions bitcoin holders are asking are;Whether or not their bitcoins will be safe and what they should do during a blockchain split. Also Read: Popular Bitcoin Exchanges Reveal Controversial Hard Fork Contingency Plan The first and foremost piece of information all bitcoin holders should know is that in the event of a hard fork that splits the blockchain, bitcoins you possess will be perfectly safe. Over the past year or so hard forks have gotten a bad reputation for political reasons, but in actuality, most types of forks are merely protocol upgrades . A blockchain split occurs during a hard fork which in turn branches the chain into two parts. If this happens, there is nothing a bitcoin holder has to do but wait and watch the fork unfold. The folks at the subreddit r/btc have compiled a very well written frequently asked questions post concerning protocol upgrades and how users are affected. The thread gives details about the hard fork process and what to expect. Users: If you hold bitcoin and there is a HF, you will now own bitcoin on both forks. You don't need to do anything. When the blockchain branches into two there will be two digital assets immediately after the hard fork. Bitcoin holders who possess their private keys will have access to assets on both chains after the split event occurs. So, if you keep your money in a local wallet on your computer or on your phone you can just stay put and watch the fork happen. If you hold money o Continue reading >>

Bitcoin Cash Brings Legal Risk, User Outrage For Coinbase | Fortune

Bitcoin Cash Brings Legal Risk, User Outrage For Coinbase | Fortune

In an email to Fortune, Wu added that common law property rules mean that the newly issued Bitcoin Cash belongs to the Coinbase customers in the same way a newborn calf belongs to the owner of a cow. Coinbase, however, has been conspicuously advising its customers that it does not intend to support any new currency that emerges from a bitcoin fork. In addition, a section of the companys terms of service (titled forked protocols) clearly state Coinbase has the discretion whether to support any changes to the software that underlies digital currency like bitcoin. Wu, though, is not persuaded that terms-of-service will be enough for Coinbase to deflect responsibility for Bitcoin Cash. My bottom line is that, if youre holding cows for someone else, Im not sure its enough to say we dont sell veal, said Wu, who added that his assessment was still preliminary. As for Coinbase, a spokesperson stated that the company has no intention of keeping customers Bitcoin Cash for itself or even access the cash at all. He added that, if Coinbase decides to support Bitcoin Cash in the future, it will distribute the balances that accrue at the time of the August 1 fork. Up until July 31, Coinbase customers who wished to access their Bitcoin Cash, they would need to transfer their funds to an outside bitcoin wallet. But such a step, while not highly technical, may be outside the comfort zone of the everyday crypto-currency investors to which Coinbase caters. Worried about security or the price of bitcoin? Coinbase customers wondering if theyll ever get their hands on their Bitcoin Cash may take some comfort in what happened following a similar digital currency forkinvolving a currency called Ethereumlast year. In that case, Coinbase eventually let customers withdraw their share of the new c Continue reading >>

Coinbase | Eth Byzantium Fork Faq

Coinbase | Eth Byzantium Fork Faq

This is a planned upgrade to the Ethereum network. We do not expect any impact to customers. The upgrade to the Ethereum network --codenamed Metropolis--is split into two stages. These two stages will be released one after the other: Byzantium and Constantinople. Byzantium will be released with block # 4,370,000, which is estimated to occur between 5:00 a.m. and 6:00 a.m. PT on Monday, October 16, 2017. What technical changes are included in Byzantium? Improvements to blockchain logic for security (uncle blocks) Additional command options for smart contracts As the Ethereum network grows, the development team periodically adds new features that make the underlying technology more secure and useful. These upgrades happen through the process of whats called a "software fork. Computers running the Ethereum software update their copy of the software to the new version in order to take advantage of the new features. The Byzantium release is part of a schedule of updates that have been planned for a long time. How will this affect me as a Coinbase/GDAX customer? The day before the fork and for a short time after, we will temporarily increase the number of confirmations required for incoming ETH transactions. Incoming ETH transactions will remain pending longer than normal before they become available in your account. Outgoing ETH transactions will not be affected. Continue reading >>

Will The Ethereum Metropolis Hard Fork Result In Another New Currency?

Will The Ethereum Metropolis Hard Fork Result In Another New Currency?

Will the Ethereum Metropolis Hard Fork Result in Another new Currency? Will the Ethereum Metropolis Hard Fork Result in Another new Currency? The topic of a hard fork in any cryptocurrency ecosystem is always met with a bit of criticism and confusion. Ever since the Ethereum hard forked to solve The DAO issue, there have been two currencies. When Metropolis is released, Ethereum will see another hard fork. This should not lead to a third iteration of Ethereum being created per se, although there is always a small possibility. Metropolis Hard Fork Should Not Warrant New Currency A lot of people are seemingly confused as to why Ethereum and Ethereum Classic came to be two different currencies. That is rather simple to explain, though. The Ethereum ecosystem has seen a total of five different hard forks so far. While that number is quite high, all of these interventions were needed, in the minds of the developers. One of these hard forks was created to solve The DAOs stolen funds issue, which did not sit well with everyone in the community. As a result of that hard fork, not all of the miners switched over to the blockchain supporting this fork. Instead, a small percentage of sash power kept mining the blockchain that existed before this fork was introduced, resulting in new coins being created on that chain. Since they could not be called ether coins, they rebranded the chain to Ethereum Classic. The new currency on that chain is known as ETC, and can be traded across many different exchanges around the world. Some people are growing concerned the upcoming Metropolis hard fork could result in yet another Ethereum currency being created. While that is certainly possible on paper, it seems highly unlikely in reality. The reason why Ethereum Classic exists is due to a diffe 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 >>

Notes On Ethereum Hard Fork Procedures

Notes On Ethereum Hard Fork Procedures

A countdown timer can be seen at fork.codetract.io Below are the official notes from the Ethereum team regarding the start of the Byzantium hard fork, which is a two part series of upgrades to the network. While there were some Ethereum and ERC20 deposit and withdrawal suspensions lasting up to 5 hours to 24 hours on some exchanges, many companies such as Coinbase and others are only bumping up the number of confirmations before a transaction is confirmed, thus causing some temporary delays. The Ethereum network hard fork will be in progress atblock number 4.37mil (4,370,000), approximately occurring between 12:00 UTC and 13:00 UTC today, MondayOctober 16, 2017. The Ropsten test network underwent a hard fork on September 19th (UTC) at block number 1.7mil (1,700,000). What is Metropolis, Byzantium, and Constantinople? Metropolis is a planned Ethereum development phase that includes two hard forks: Byzantium and Constantinople. Byzantium is occurring at block number 4.37mil. Constantinople does not currently have a release date, but is expected in 2018. Download the latest version of your Ethereum client: What if I am using a web or mobile Ethereum wallet like MyEtherWallet or Jaxx? Ethereum websites and mobile applications that allow you to store ether and/or make transactions are running their own Ethereum client infrastructure to facilitate their services. If you use a third-party web-based or mobile Ethereum wallet, your wallet provider may need to update for the hard fork. It is recommended that you check with them to see what actions they are taking to update for the hard fork and if they are asking their users to take other steps. A hard fork is a change to the underlying Ethereum protocol, creating new rules to improve the system. The protocol changes are activat Continue reading >>

Coinbase Will Not Support The User-activated Hard Fork Blockchain Due To Incompatible Bitcoin Ruleset

Coinbase Will Not Support The User-activated Hard Fork Blockchain Due To Incompatible Bitcoin Ruleset

Swiss Regulators, FINMA, Turn Their Attention Towards ICOs Coinbase Will Not Support the User-activated Hard Fork Blockchain due to Incompatible Bitcoin Ruleset Posted on 11:00 am July 20, 2017 Author JP Buntinx Categories Bitcoin , Bitcoin News Tags bitcoin , coinbase , UAHF These are troublesome times for the Bitcoin community, that much is evident. The Bitcoin scaling debate has taken yet another interesting turn. Coinbase has issued an official statement on the user-activated hard fork. More specifically, if the UAHF to increase the block size activates on August 1st, Coinbase will not support it. That is a rather surprising development, to say the least. Seeing an exchange advise customers to withdraw money from the exchange by July 31st is not what most people expected. It is evident Coinbase has no intention to support the user-activated hard fork right now. This particular scaling solution will raise the Bitcoin block size eventually. However, this change is incompatible with the companys current Bitcoin ruleset. If the fork were to occur and a new blockchain is formed, Coinbase will not support it. In a way, that is surprising, even though some people expected such a decision. It is good to see the company warn users well in advance, though. User-activated Hard Fork is not Supported by Coinbase Anyone who wants to access their UAHF coins will need to withdraw Bitcoin. This means Coinbase users have until July 31st to get their money off an exchange. It is never a good idea to store funds in an exchange wallet for an extended period of time, though. Such a wallet should only be used to buy or sell currency quickly, after which the funds are moved to a private wallet or bank account. It will be interesting to see how many people will move their money off Coinbas Continue reading >>

Byzantium Hard Fork Activates On Ethereum Network

Byzantium Hard Fork Activates On Ethereum Network

Byzantium Hard Fork Activates on Ethereum Network Join our community of 10 000 traders on Hacked.com for just $39 per month. Ethereums Byzantium hard fork went into effect Monday morning, initiating the first phase of the platforms latest protocol upgrade. The Byzantium fork is considered to be the first half of Metropolis, a protocol upgrade that has been planned since 2015. It introduces nine ethereum improvement protocols (EIPs) designed to enhance the networks privacy, scalability, and security. The second phase Constantinople does not yet have an official release date but is tentatively scheduled for 2018. At 5:22 UTC, block 4,370,000 was mined, officially activating Byzantium. This was the fifth time the Ethereum network has undergone a hard fork, the ethereum price has appreciated more than 3,000% since the networks last hard fork , which occurred in November 2016. Consequently, there was much more at stake market cap-wise than at any previous hard fork. Hard fork celebration! pic.twitter.com/mL1ZyJOYeA Vitalik Buterin (@VitalikButerin) October 16, 2017 Developers cheered Byzantiums activation, and the celebration was particularly satisfying considering the obstacles the community had to overcome during the days immediately preceding the fork. Most notably, testers were still finding software bugs as recently as October 14, leading to calls to postpone the hard fork.Moreover, although this fork was not contentious, there were fears that some miners would continue to mine on the old blockchain, potentially leading to a blockchain split and creating a new currency. Nevertheless, the hard fork was activated as planned, and so far the transition appears to have been successful. At the time of writing, average block times had fallen below 20 seconds, and the network Continue reading >>

The Ethereum Protocol Upgrade Hard Fork Is To Occur In September 2017. What Will Happen To Ethereum's Price? - Updated - Quora

The Ethereum Protocol Upgrade Hard Fork Is To Occur In September 2017. What Will Happen To Ethereum's Price? - Updated - Quora

The Ethereum Protocol Upgrade Hard Fork is to occur in September 2017. What will happen to Ethereum's price? Same thing as traffic for the 2017 Solar Eclipse I live in Oregon. For the 2017 Solar Eclipse we received over 1 million visitors over the weekendall in anticipation for this sensational solar event. The days before August 21st it was heavier than usual but not intense. People were flying in, excited and fascinated by this rare event. They made their way to their camps and hotels little by little over the weekend. Then Monday arrived. The day of the big event! People watched in awe as our moon covered the sun. Done. Finished. Nothing more to see. Life returned to normal. Traffic, however, was not normal. It was a mess. Travel times were twice or even three times as much as normal. The same thing happens with innovation. But in reverse. Any kind of innovation. From the internet to the August 1st hardfork to Ethereums September hard fork. People hear about the event months and weeks in advance. Anticipation builds. Anxiety builds. Uncertainty builds. Solar Eclipse = excitement. People slowly trickle in to see it. Ethereum fork = anxiety. People slowly trickle out to avoid it. Then the event happens. Its big and beautiful and changes things. Solar Eclipse = life back to normal. Mass exodus home. Ethereum fork = life back to normal. Mass influx back in. People are funny like this. People flock to exciting events and run away from anxiety events. Then afterwards life settles back and they go flooding in the opposite direction. Enjoyed reading? Follow me on Quora and subscribe on YouTube for daily cryptocurrency discussion: YouTube If you're new and want to buy a little Bitcoin or Ethereum -- here is my personal referal link: Invite friends and get free bitcoin - Coin Continue reading >>

Upcoming Bitcoin Forks 2017 2018

Upcoming Bitcoin Forks 2017 2018

The content of this website is provided for informational purposes only and cant be used as investment advice, legal advice, tax advice, medical advice, advice on operating heavy machinery, etc. Our site is not officially associated with any brand or government entity. Any mention of a brand or other trademarked entity is for the purposes of education, entertainment, or parody. Neither CryptocurrencyFacts.com nor its parent companies accept responsibility for any loss, damage, or inconvenience caused as a result of reliance on information published on, or linked to, from CryptocurrencyFacts.com. In other words, this is a website on the internet offering free information about cryptocurrency, this is not your accountant, lawyer, or fiduciary offering you professional tax, legal, or investment advice. Your Guide to Upcoming Bitcoin Forks December 2017 January 2018 (and Beyond) The following Bitcoin forks have been announced (although not every one is confirmed as legit). They are Super Bitcoin, Bitcoin Platinum, Bitcoin Cash Plus, Bitcoin Silver, Bitcoin Uranium, and Bitcoin God. We will update the list as more occur, for now this is your guide to Bitcoin forks from December 2017 January 2018. To be clear, this is not a joke (and further that does say God and not Gold, there are no typos above). These Bitcoin forks could end up not being real, but as far as we know at this point, they are real[see notes below for specifics on each coin, so far Bitcoin Platinum is rumored to be fake]. In other words, over the next month or so (December January) there will potentially be as many as six Bitcoin forks.That means Bitcoin holders could get free coins six times (or if all turn out to be fake, zero times). Each fork occurs at a block number (AKA block height) . Thus, below we wi Continue reading >>

Bitcoin Cash Hard Fork: It Was A Dangerous Trick | Fortune

Bitcoin Cash Hard Fork: It Was A Dangerous Trick | Fortune

The Bitcoin Cash Fork Was a Dangerous Trick The newly created Bitcoin Cash (BCH) is a rushed spinoff of Bitcoin (BTC), a clonecoin of which there have been many in Bitcoins past. Because the name is confusing, many have taken to calling it Bcash to avoid buyer confusion. There have been myriad clonecoins of various types since Bitcoins inception. Bitcoin Cash is a style of clone that copies Bitcoins codebase along with its blockchain up until a certain point. Normally when new alternative cryptocurrencies are created, developers just clone the code and not the blockchain. But Bitcoin Cash copied Bitcoins blockchain as well, which created a situation in which everyone that had one bitcoin suddenly also had one bitcoin cash. The creation of Bitcoin Cash was an orchestrated scheme, rushed to the point of engendering significant safety risks. Digital currencies just dont spontaneously appear out of nowhere. The Bitcoin Cash fork was created by a developer that wanted to increase block sizes, with the hypothetical result being more transactions being processed on the blockchain. This might sound like a good idea, but clonecoins can be incredibly disruptive to risk management and operational demands on digital currency infrastructure companies. The cost to launch a clonecoin is minimal, but the overhead for the ecosystem to actually support it is high. As Bitcoin Cash duplicated Bitcoin, at the time of the fork every bitcoin holder now had coins on another blockchain, and therefore skin in the game. This was a type of psychological experiment to see if people as a group could be tricked into ascribing value to something created from nothing, if they were given it as a gift. This experiment seemed to work, and it put a great deal of pressure on exchanges and wallet providers Continue reading >>

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