Does anybody here understand all BTC, BTG and BCH hard forks?

Status
Archived
Joined
Nov 2017
From
USA
I'm getting confused.

  • There was a hard fork on 25 October, when all BTC holders were rewarded BTG (Bitcoin Gold). But nobody spoke about it and nobody paid attention to it. But it was done.
  • Segwit2x will be implemented on BTC (not BTG) somewhere in the future. It wasn't canceled. Just postponed. And it won't be another hardfork.
  • BTH (Bitcoin Cash) will also have an hard fork in upcoming days. And BCh holders will be rewarded some new coins.

Is that right? This is really getting confusing.
 

V4Vendetta

Moderator
Joined
Apr 2017
From
Texas
I'm getting confused.

  • There was a hard fork on 25 October, when all BTC holders were rewarded BTG (Bitcoin Gold). But nobody spoke about it and nobody paid attention to it. But it was done.
  • Segwit2x will be implemented on BTC (not BTG) somewhere in the future. It wasn't canceled. Just postponed. And it won't be another hardfork.
  • BTH (Bitcoin Cash) will also have an hard fork in upcoming days. And BCh holders will be rewarded some new coins.

Is that right? This is really getting confusing.
The Bitcoin Gold fork was not widely accepted by the overall Bitcoin community. It was a relatively small amount of developers and miners who wanted BTG to happen and they didn't provide much information for the fork itself until a day or two before so a lot of the exchanges said they wouldn't support it with such little information provided by the community. As for SegWit2x, it was scrapped for now but the core issue is scalability (block size) and will continue to be an issue until the community can agree on a proper solution. And yes, BCH had a hard fork 2 days ago in order to adjust the hash rate and difficulty, but there wasn't a chain split so no new coins were created (https://news.bitcoin.com/bitcoin-cash-network-completes-a-successful-hard-fork/).
 
Joined
Nov 2017
From
USA
The Bitcoin Gold fork was not widely accepted by the overall Bitcoin community. It was a relatively small amount of developers and miners who wanted BTG to happen and they didn't provide much information for the fork itself until a day or two before so a lot of the exchanges said they wouldn't support it with such little information provided by the community. As for SegWit2x, it was scrapped for now but the core issue is scalability (block size) and will continue to be an issue until the community can agree on a proper solution. And yes, BCH had a hard fork 2 days ago in order to adjust the hash rate and difficulty, but there wasn't a chain split so no new coins were created (https://news.bitcoin.com/bitcoin-cash-network-completes-a-successful-hard-fork/).


Thank you! Now I understand it.
 
Joined
Dec 2017
From
USA
Dear friends, I'll like to share this step by step guide on how to get free Bitcoin Gold coins, based on your current Bitcoin balance at fork time. It's free to claim for them!
 
Status
Archived

Similar Threads

Top