Crypto News 

What are Hard Forks and How Do They Affect Bitcoin Price?

“For example, When Bitcoin Cash forked from the Bitcoin network, the price of Bitcoin was altered from $2800 to $2700 in July of 2017” reports financemagnates.com. Whilst some people believe that Bitcoin forks can replace Bitcoin altogether, none of the coins forked from BTC have been up to the task.When new cryptocurrencies are created through hard forks, it can be intimidating to figure out how to claim and trade them. Source: financemagnates.com Share This:

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Bitcoin buyers quietly making their move

“Regulatory concerns have been a factor that’s been weighing down Bitcoin prices lately, but also the fact that forks are becoming more and more common means that the original – in this case, Bitcoin – may get less backing as the user base splits” reports forexlive.com. The most prominent of those forks is of course Bitcoin Cash, and while others have not taken off in similar fashion, a segmented “population” in Bitcoin is something to consider as we go down the road. Source: forexlive.com Share This:

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The Messiah Cometh: ‘Bitcoin God’ is Among the 7+ Upcoming BTC Forks

“Finance Magnates recently reported three forks that had been scheduled for the month of December, as well as others that are coming up within the next several months: Super Bitcoin (Dec. 15), Bitcoin Platinum (Dec. 23), Bitcoin Uranium (Dec. 31), Bitcoin Cash Plus (Jan. 2nd), and Bitcoin Silver (TBD)” reports financemagnates.com. Hard forks often happen as a rather crude form of governance about the way that a network’s protocol should operate. Source: financemagnates.com Share This:

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Crypto News 

The Forks and Fights Behind Bitcoin’s Turbulence

“For those trying to follow along, there was no shortage of bitcoin jargon to wade through — forks, bitcoin cash, Segwit2x and transaction blocks among them” writes Olga Kharif for bloomberg.com. Bottlenecks in processing bitcoin transactions have been rising, making the currency uneconomical for some small transactions.After the cancellation, bitcoin’s price dove, while bitcoin cash — currently the bitcoin network with the biggest blocksize — rallied, coming close to becoming the second-largest crytpocurrency by market capitalization.In late July, the bitcoin network split into two, giving birth to bitcoin cash, which…

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Bitcoin Gold Fork Could Overthrow Cryptocurrency Mining Giants

“Hong Kong-based entrepreneur Jack Liao, the LightningAsic CEO known for his controversial opinions on bitcoin mining, is spearheading bgold” reports ibtimes.com. However, Chinese companies now control the bulk of the world’s most powerful, industrial-sized bitcoin mining machines.It so far has less high profile support than the summer bcash fork that sparked the new age of bitcoin forks.Anyone who engages with the bitcoin community online has probably witnessed several months of Twitter feuds and Reddit arguments ballooning to unprecedented proportions.Similar address formats for multiple bitcoin network forks make replay concerns even worse. Source: ibtimes.com…

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Bitcoin Price Declines As Bitcoin Gold Forks From Main Branch

“For example, Coinbase, the largest online wallet for cryptocurrencies, does not support bitcoin gold” writes Rakesh Sharma for investopedia.com. Bitcoin gold aims to achieve this objective by using a different algorithm which uses cheaper graphics processing units (GPUs).The main reason for a decline in bitcoin gold’s price is lack of support from the bitcoin community.According to CoinMarketCap, bitcoin gold began trading at 20:00 UTC at $479.82.As of 16:11 UTC, the cryptocurrency is trading at $5,715.32, down 3.02 percent. (See also: Bitcoin Gold Will Fork The Cryptocurrency Again.) The bitcoin gold…

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Bitcoin Wallet Armory Opposes Hard Forks, Supports SegWit

“The Armory wallet does not do consensus checks since it depends on its link to a local bitcoin node, which is typically Bitcoin Core” reports cryptocoinsnews.com. Armory will be compatible with the hard fork as long as both bitcoin network formats remain the same.The Armory opposes hard forks that can attack the original bitcoin blockchain. Source: cryptocoinsnews.com Share This:

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