Bitcoin is waiting for 4 more hard forks

Bitcoin is waiting for 4 more hard forks

Bitcoin is waiting for 4 more hard forks

Cryptocurrency investors don’t get bored often, but recent months have been particularly stressful. The history of hard forks, which began in August with the emergence of Bitcoin Cash, whose creators attempted to scale Bitcoin without Segwit technology, culminated in November. On November 8, a group of companies promoting the second controversial hard fork, which was due to take place in the middle of the month, announced that it was abandoning its intentions due to a lack of community support..

The news of the cancellation of Segwit2x caused an increase in volatility in the bitcoin market, the rate of which first jumped and then began to plummet. At the same time, capital began to flow to the altcoin markets. Bitcoin Cash rose more than the rest in the confusion reigned, the rate of which soared above $ 2500.

It looks like the success of Bitcoin Cash is haunting other developers. Bitcoin’s decentralization and open structure allows anyone to use its code to release their own version of Bitcoin. Whether this version will have any value is another question. Nevertheless, 4 more independent pseudo-bitcoins may appear in the near future. Bitcoin Diamond hard fork should take place at block 495.866. Bitcoin Silver may appear in December. Its developers promise to make the system more decentralized by replacing the mining mechanism. The Bitcoin Unlimited developers “will give each holder of their tokens a vote in their own ecosystem.” Super Bitcoin will have smart contract functionality. This fork may appear early next year. It is not yet clear how successful these projects will be and whether their developers are going to do something other than making quick money on the bitcoin brand..

Bitcoin is waiting for 4 more hard forks

Apparently, developer and analyst Jimmy Song was right when he said that 2018 will be the year of hard forks. It remains for us to monitor how these projects will develop, which today do not inspire confidence.

Photo: Black_Kira

Bitcoin is waiting for 4 more hard forks

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