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....
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Shapeshift has launched a new tool - Shapeshift Ethereum Splitter to split the two Ethereum based cryptotokens, ETH and ETC. Shapeshift has launched a new tool – Shapeshift Ethereum Splitter – that helps users split the Ethereum based cryptotokens: ETH and ETC. The Ethereum blockchain project had split into two following its hard fork last month. With Ethereum (ETH) continuing on a new fork, the original blockchain has continued to operate as Ethereum Classic (ETC). Unexpectedly, Ethereum Classic has now become one of the popular digital currencies. But these two Ethereum versions – ETH....
As Bitcoin Cash goes through another fork, Bitcoin Cash Node seems to be the emergent winner for now. The Bitcoin Cash network just went through yet another fork after originally being created as a hard fork from the Bitcoin (BTC) blockchain in August 2017. The hard fork on Nov. 15 split the Bitcoin Cash network into two new blockchains, Bitcoin Cash ABC (BCHA) and Bitcoin Cash Node (BCHN). The main difference between the two is the 8% tax on gross rewards that miners must pay to BCH ABC’s development team.Among the two networks, Bitcoin Cash ABC received very little hash power, while....
Ethereum Classic is all set to get a hard fork of its own soon to counter the sustained DOS attack. Ethereum Classic is on its way to get a hard fork in the next two days. Ethereum recently split into two blockchains following a hard fork introduced by the Ethereum development team a few months ago. The hard fork resulted in two versions — Ethereum (ETH) and Ethereum Classic (ETC). While Ethereum continued to operate on the new fork, a portion of the cryptocurrency community decided to continue with the original Ethereum blockchain, calling it Ethereum Classic. Ethereum recently came under....
Bitcoin developers are probing deeper into how best to execute a so-called hard fork, a contentious upgrading tool that's been at the heart of the nearly $16bn network's most divisive debate for years now. The issue is that to be used cleanly and without unintentional consequences, a hard fork requires all the digital currency's miners to move to a new blockchain, or version of its transaction history. One case study of what can otherwise happen came last summer, when ethereum inadvertently split into two networks after executing a hard fork some users disagreed with. That's not to say....
A number of Bitcoin companies and miners have agreed to run code that will implement a hard-forking increase to the non-witness data in blocks roughly three months after the activation of Segregated Witness (SegWit). According to some of its proponents, the proposal, known as SegWit2x, is said to be the only viable solution to the Bitcoin scaling debate. However, agreeing to initiate a hard fork without knowing how speculators will react to such a change comes with risks. If there is not full support for the hard fork from bitcoin holders, the end result could be a split of Bitcoin into....