Bitcoin hard fork reddit

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16/7/2020

Merchants and users are empowered with low fees and reliable confirmations. The future shines brightly with unrestricted growth, global adoption, permissionless innovation, and decentralized development. All Bitcoin holders as of block 478558 are now owners of Bitcoin Cash. So the Bitcoin/S2X coins will be available a few weeks after the fork but the BCH will only be available in January 2018?

Bitcoin hard fork reddit

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He says it’s impossible for Bitcoin to be a global currency because the big entities like the US, the EU, Asia, and Russia will simply say no. Drop it and continue to print their own worthless money at whatever value they want. Bitcoin is a distributed, worldwide, decentralized digital money. Bitcoins are issued and managed without any central authority whatsoever: there is no government, company, or bank in charge of Bitcoin. You might be interested in Bitcoin if you like cryptography, distributed peer-to-peer systems, or economics.

1.9m members in the Bitcoin community. A community dedicated to Bitcoin, the currency of the Internet. Bitcoin is a distributed, worldwide …

You might be interested in Bitcoin if you like cryptography, distributed peer-to-peer systems, or economics. Bitcoin is a distributed, worldwide, decentralized digital money. Bitcoins are issued and managed without any central authority whatsoever: there is no government, company, or bank in charge of Bitcoin.

Bitcoin hard fork reddit

This type of inevitable, unplanned hard fork usually solves a technical issue: fix a bug or solve a crisis. Bitcoin suffered one necessary rollback and hard fork on August 8, 2010, when a severe vulnerability in the protocol surfaced. In March 2013, an accidental hard fork occurred, when a miner created an incompatible large block.

The lack of consensus and public outcry reached a fever pitch in late-October and, ultimately, SegWit2x was postponed indefinitely as a result of all the upheaval. Bitcoin had existed for more than eight years before the first planned hard fork occurred, creating two instead of one blockchain. On August 1, 2017, a group of developers, miners, and various investors activated a new blockchain called Bitcoin Cash (BCH, $440), a brand-new digital asset tasked with making transactions faster and cheaper.

Bitcoin hard fork reddit

Don't lose your Bitcoins! Does this mean if LN is adopted broadly then no hard forks will ever be possible, effectively keeping the 21 million btc supply cap safe forever? Edit: if the new chain can adopt and snapshot the existing state of the LN protocol this HF scenario could work but as more and more layers are added to bitcoin it makes it basically impossible to hard fork a core protocol change like the supply cap. For example, Bitcoin Cash has a 1:1 distribution ratio, whereas Bitcoin Diamond has a 10:1, so you would get 10 BCD per BTC you have. As was mentioned by another user, forkdrop.io is by far the best resource for forks. They have a comprehensive list of Bitcoin and altcoins forks, and methods for claiming them.

Bitcoin Cash Woes Concern. Whether people want it or not, there will be a Bitcoin Cash hard fork in less than a month from today. As is 2. Hard Fork/Hard Fork In Bitcoin. Hard Fork is rather complicated than a soft fork as it implements significant alterations to the protocol. These changes are so extreme that it results in two distinct cryptocurrencies, one of which stays unchanged and the other is an entirely new altered version.

Hard forks in Bitcoin should not be compared to more flexible altcoins, they are not the same. Bitcoin is about robustness, reliability and security. Hard forks should not be done hastily. A proper hard fork would take months of planning. Jan 03, 2021 · Bitcoin Forks Summary. A Bitcoin fork happens when new code is “branched” out of Bitcoin’s source code in order to slightly change the rules of the Bitcoin network. Soft forks that play well with the old rules, and hard forks that create new rules completely.

I've checked them all at least once a year for the last 5 years. Don't be me. Don't lose your Bitcoins! Does this mean if LN is adopted broadly then no hard forks will ever be possible, effectively keeping the 21 million btc supply cap safe forever? Edit: if the new chain can adopt and snapshot the existing state of the LN protocol this HF scenario could work but as more and more layers are added to bitcoin it makes it basically impossible to hard fork a core protocol change like the supply cap.

The future shines brightly with unrestricted growth, global adoption, permissionless innovation, and decentralized development. All Bitcoin holders as of block 478558 are now owners of Bitcoin Cash. BCH hard fork.

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3 Dec 2018 Stalwart if controversial Bitcoin community subreddit “/r/Bitcoin” has hit the Roger Ver, a prominent advocate of Bitcoin hard fork Bitcoin Cash 

Nov 06, 2020 · Dear Traders, It is estimated that the Bitcoin Cash (BCH) Hard Fork is set to take place around November 15th, 2020 at 12:00 PM (UTC). Following the update, BCH might split into two tokens Bitcoin Cash ABC (BCHA) and Bitcoin Cash Node (BCHN). Dec 16, 2020 · Bitcoin SV (BSV) is a hard fork of Bitcoin Cash (BCH) which was originally hard forked from Bitcoin (BTC). Designed to be lightweight in terms of both transaction data and the associated network fees, the BSV team has built a robust blockchain infrastructure that can handle far more than a payments network – although it does that masterfully Dec 23, 2019 · The Bitcoin SV Node team notes the recent public disclosure on Reddit by Gregory Maxwell (a.k.a.