Much like the Altcoin fad of a few years ago, Forking Bitcoin is the new hotness. While some offer potentially interesting features, others appear to be so much me-too. If you do hold bitcoin, you may be in for a quick bump, as most if not all forks leave you with an equivalent amount on each blockchain. Take a look and enjoy your favorite tulip color. From news.bitcoin.com:
Super Bitcoin (SBTC) is planned to fork at block 498888, and we’re already seeing SBTC futures reach over 0.13 BTC
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Bitcoin Platinum (BTP) plans to fork at block 498533 on December 12. It is said that BTP is GPU-mining-friendly with no pre-mine, and that it will adhere to the Segwit2x solution.
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Lightning Bitcoin (LBTC) will fork at block 499999. It will be the first Bitcoin-forked coin to adopt the delegated Proof-of-Stake mechanism.
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Bitcoin God (GOD). Blockchain angel investor Chandler Guo announced his forking of Bitcoin on the upcoming Christmas Day.
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Bitcoin Cash Plus (BCP). BCP will fork at block 501407 on or around January 2, 2018. It will adopt the Equihash mining algorithm.
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Bitcoin Uranium(BUM). BUM will occur in December. It allows GPU and CPU mining and does not sport a pre-mine.
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Bitcoin Silver(BTSI). BTSI will fork some time in December, but block is still not decided. It changes Bitcoin’s proof-of-work algorithm from SHA256 to Equihash.
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Bitcoin X (block to be decided). It has 210 billion in total and will be distributed to bitcoin holders on the rate of 1BTC=10000 Bitcoin X.
The article briefly discusses exchange and wallet support, and some tools to split your coins.
(Score: 1, Interesting) by Anonymous Coward on Sunday December 10 2017, @04:19PM (2 children)
These new waves of forks seem to be largely coming from or connected to the Chinese markets, whereas the altcoins seemed to be mostly western. It may have to do with increasing regulatory pressure in the East or it may just be the large mining pools wanting more control.
(Score: 3, Interesting) by MichaelDavidCrawford on Sunday December 10 2017, @07:07PM
photo on https://qz.com/1053799/chinas-bitmain-dominates-bitcoin-mining-now-it-wants-to-cash-in-on-artificial-intelligence/ [qz.com]
The Antminer S9 isn't very big.
Yes I Have No Bananas. [gofundme.com]
(Score: 0) by Anonymous Coward on Monday December 11 2017, @09:34AM
They actually seem to be designed to discredit the Bitcoin Cash fork by association.
Several of the forks have been scammy: including linking to Bitcoin stealing wallets on their website.
https://www.cryptocoinsnews.com/bitcoin-gold-wallet-scam-nets-fraudsters-3-2-million-after-stealing-users-private-keys/ [cryptocoinsnews.com]