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What is the new Bitcoin fork called?
Hard Fork
Understanding a Hard Fork A hard fork is when nodes of the newest version of a blockchain no longer accept the older version(s) of the blockchain; which creates a permanent divergence from the previous version of the blockchain.
What happens if Bitcoin Forks?
When a soft fork takes place, older nodes (computers that connect to the cryptocurrency’s network) will still recognize new transactions as being valid. However, any blocks that are mined will be considered invalid by the updated nodes. To be successful, soft forks require the majority of the network’s hash power.
What are the Bitcoin forks?
Here is an overview of past and upcoming Bitcoin forks where it is required to hold some BTC on a supported exchange or in a wallet where you control the private key. We are announcing details like snapshot date or claiming guides about every legit BTC fork. Popular hard forks for Bitcoin holders are Bitcoin Private, Bitcoin Cash or Bitcoin Gold.
What are the most popular hardforks for bitcoin?
We are announcing details like snapshot date or claiming guides about every legit BTC fork. Popular hard forks for Bitcoin holders are Bitcoin Private, Bitcoin Cash or Bitcoin Gold. Disclaimer: We list hardforks for informational purpose only. We are not able to make sure that hardforks are legit.
What is a hard fork in cryptocurrency?
Hard Fork is a change in the cryptocurrency protocol that does not support backward compatibility with older versions of the currency. For example, anyone who runs a node on a Bitcoin network will definitely need to update their software to recognize new blocks.
What is Bitcoin Gold (BTC gold)?
Bitcoin is the most important invention in the history of the world since the internet. So, now that you know about the Bitcoin Cash fork, the next Bitcoin hard fork that I wanted to discuss is Bitcoin Gold. The BTC Gold is a Bitcoin fork blockchain that was officially launched in October 2017.