Waiting for double fork: tips for bitcoin owners
20 October 2017
20 October 2017
By the end of November 2017, bitcoin will probably face another two hard forks: On October 25, one expects splitting up of new cryptocurrency – Bitcoin Gold (Bgold), while a group of major miners has planned the SegWit2x hard fork (aimed at increasing the block up to 2 MB) in 2-3 weeks, which can lead to one more division. In such a case, there will be three different blockchains and three deferent bitcoins, following various protocols: the current one (BTC or B1X), Bgold (BTG) and 2х (B2X or BTC).
Despite the common origin, all of three blockchains are extremely different. Therefore, the blockchain and bitcoin situation can get beyond control after the second fork: two new coins will compete for a title of the true bitcoin.
Each of tokens has its own advantages: 2х features better hash rate (network power), which is now about 85%, while the current protocol or Bitcoin Core is supported by a strong development team. They own the majority of full network nodes and a half of business. Besides, they still have 15% of hash rate. Private users should decide what coin to support on their own. It will take some time to determine a winner.
Hard forks have risks and confusions for users. If users have private keys during the fork, they will obtain coins in all networks. However, careless usage of bitcoins can lead to their loss.
That’s it, now you have three kinds of coins! And you can use them in the best possible way.
Learn more at Blockchain & Bitcoin Conference Malta!
December 7, 2017
St George`S Bay, St Julians
Malta will become the hub of the fintech industry in Europe!
Three intensive conference sections:
• Blockchain solutions in practice
• ICO trends
• Panel discussion: Legal and Regulatory Challenges in Blockchain
Our participants are entrepreneurs and experts in legislation, blockchain developers, investors, startup founders, bitcoin enthusiasts, financial specialists and bankers, lawyers, representatives of payment systems.
Why you should attend:
• 20 Top-notch Speakers and many industry experts;
• extensive business program of the Conference;
• 3 intensive conference sections;
• best well-known Sponsors;
• more than 16 outstanding Exhibitors
We will be glad to see everyone at Blockchain & Bitcoin Conference Malta 2017!
Meet new speakers and key news of the conference