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

Cryptocurrency Forum - Nov 12th 2017 at 11:42 PM

  1. EagleUp

    EagleUp

    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.
     
  2. V4Vendetta

    V4Vendetta

    Joined:
    Apr 2017
    From:
    Texas
    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/).
     
  3. EagleUp

    EagleUp

    Joined:
    Nov 2017
    From:
    USA

    Thank you! Now I understand it.
     
    V4Vendetta likes this.

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