Tag: hard fork

Bitcoin Diamond – a bargain for Bitcoin’s owners for Black Friday?

Just a moment ago we witnessed another Bitcoin hard fork! Along with block number 495866, at 10:21 a. m., another Bitcoin “brother” was born: Bitcoin Diamond! Some may consider the new currency to be a promotion for Black Friday from Bitcoin’s owners. Bitcoin’s reaction Bitcoin established a new ATH just before the fork! Once again, we can see that just before the fork the popularity of Bitcoin increased dramatically. Probably the reason was the desire to “catch” “free” Bitcoin Diamond tokens. This short Bitcoin fever brought an ATH at a dizzying level of $8,374, as the coinmarketcap states. A...

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‘Bitcoin Jesus’ Roger Ver declares Bitcoin Cash to be the real Bitcoin

Roger Ver is famous for his Bitcoin advocacy, but since Bitcoin Cash (BCH) came out, he insists that it is the future of Bitcoin. He’s a major influencer with thousands of followers, but is he right? Bitcoin Cash as a result of rivalry Earlier this year, divergent groups within Bitcoin’s community couldn’t agree on the scaling solution. This led to Bitcoin’s hard fork, and the creation of Bitcoin Cash in August. Since the hard fork, the debate about which one will rule has been simmering. During the 10th-12th of November, Bitcoin Cash surged in price during a sharp Bitcoin...

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Bitcoin Cash Hard Fork: Uncertainty among the Confusion

The Bitcoin Cash hard fork has just become reality. Unlike other forks, such as Bitcoin Gold and SegWit2x, it did not create a new cryptocurrency. However, BCH gained the attention of analysts and investors thanks not to significant improvements, but due to its shot at becoming the “real” Bitcoin. Over the course of a few hours, BCH’s value varied by several dozen percent. Does it really have the potential to replace the original chain? Details: https://t.co/AwdEZzKoAk pic.twitter.com/RQzDb96oDm — Bitcoin Cash (@BITCOlNCASH) November 13, 2017 The key reason for Bitcoin Cash’s fork was implementing a new system for adjusting mining...

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Why SegWit2x failure happened?

Did Bitcoin win? Certainly, it won one of the battles, this time against SegWit2x, but there’s still a long road ahead. Yesterday the news of SegWit2x failure broke out when Mike Belshe, the leader behind SegWit2x, announced that he won’t pursue the further division of Bitcoin community. According to his post, that’s more important than increasing block size. The NO2X movement pop opened the champagne. Euphoria was evident. Charlie Lee, who started the NO2X movement tweeted: Segwit2x hardfork has been called off! Common sense prevails. Let's now work together towards scaling safely. We may need something like a 2x...

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Ethereum worth $300 million frozen? Not really

Once in awhile cryptocurrency world is shaken by scandals related to security gaps which cause gigantic thefts or painful problems. Ethereum had to deal with similar situation in the past, which led to Ethereum and Ethereum Classic division. Yesterday, an information broke out saying that user funds worth almost $300 million were frozen. Has such considerable amount really become unavailable? The short answer is: no, current estimations indicate an amount slightly higher than 500,000 ETH, so around $154 million. It doesn’t change the fact that owners still can’t access their funds. The problem is only in regard to Parity...

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