Bitcoin Cash Hard Forks – 2018 (Year of Hard Forks)

Bitcoin Cash Hard Forks – 2018 (Year of Hard Forks)

Cryptocurrency
November 30, 2017 by Bitzamp
537
Bitcoin Hard Forks First Bitcoin Cash then BTC Gold. Now its hard fork, the Super Bitcoin (SBTC), is on the way. It plans to be forked at block 498,888 and the original Bitcoin holders will be given one SBTC for one BTC for free. Whether it retains any value following the fork is a different
bitcoin

Bitcoin Hard Forks

First Bitcoin Cash then BTC Gold. Now its hard fork, the Super Bitcoin (SBTC), is on the way. It plans to be forked at block 498,888 and the original Bitcoin holders will be given one SBTC for one BTC for free. Whether it retains any value following the fork is a different matter entirely.

There are now planned forks for BTC Diamond. That’s due to occur at block number 495,866. Bitcoin Silver with plans for greater decentralization via a new POW algorithm. At some point in December, Bitcoin Unlimited claiming to be “a voice to all stakeholders in the Bitcoin ecosystem”. And Super BTC who are planning on adding smart contracts to their fork of the chain from early 2018. There is no room for boredom in the world of cryptocurrencies, but the last few months have been as dramatic as those to come.


It’s currently unclear how successful these projects will be, and whether they are even intended to be anything more than a quick money grab from developers hoping to cash in on the BTC brand name.

Also Read: BTC will be the greatest bubble of our lifetime

To Conclude with:.

There is, however, no harm in holding it anyway. That way, with every hard fork, you get a slice of the action. Without having to do anything more. (so long as your wallet provider supports the fork). It appears that the crypto analyst Jimmy Song was correct with his thesis that 2018 would be the year of the hard fork. Although, just how fractured BTC will become remains to be seen. Will one coin snatch the community’s approval from the currently dominant BTC chain? Or, will the new forks dwindle into insignificance with less hype around each one as forks become the norm, and efforts receive little attention from the community? For now at least, we have to wait and see.


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