Bitcoin's Big Test: November Fork

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It increased the possibility of hard fork — a blockchain split into two or more separate chains. These predictions about the possible changes in the bitcoin network have been published by Bitcoin Magazine.

In case of bitcoin predictions fork split, some users would lose their funds. Currently, miners still have an opportunity to avoid a negative outcome. The following deadline is July During two weeks miners have to define the future development tendencies of bitcoin. Today, each of them has a choice: It would affect the network future and related cryptocurrency. The change of initial code rules, obviously, will launch Segregated Witness SegWit.

It will take place at The results of network changings depend on the number of miners who will have accepted SegWit by August 1. The split will continue until there is a single bitcoin predictions fork for all users. Currently, miners have time to agree upon the most convenient upgrades. If the split happens due to results of August 1, it will not bitcoin predictions fork the bitcoin dramatically but some cryptocurrency owners will face difficulties.

Do not conduct transactions within the last days of July or the first days of August. Also, make sure that the stock exchange where you store cryptocurrency provides local copies of private keys. Main News Hard fork and alternative scenarios: BlockchainWorldEvents 17 July Bitcoin future heated debates The bitcoin predictions fork deadline is July There exist several scenarios to avoid a split.

Contacts Vitaliy Hadzhynov Project coordinator v. Ekaterina Vasilyeva Manager for work with visitors e. Beyrak Allahyarov Manager for work with visitors b. Ekaterina Tkachenko Co-coordinator e.

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Welcome to another Cryptovestment Series in which I will talk about the price predictions of Bitcoin come August 1st ! If a soft fork were to occur, I believe that it would be less of an issue to the masses based on my limited research.

So how did it affect BTC? Well, it didn't really affect BTC much. I found an article where people were complaining about mining invalid blocks when BIP66 was implemented and it was July 4th If you look at the coinmarketcap picture you will notice that BTC didn't have any big dips or gains. This is what everyone is worried about. A hard fork will most likely result in two different coins. Lets bring Ethereum terms in and call one Bitcoin Classic and the other Bitcoin.

Because of this I think both prices will fall drastically because there will no longer be the "go-to" BTC norm; but will also remain slightly even in value.

Now this is the kicker. There will only be one BTC winner and the other may die out and go strictly to "0". My thoughts, based on the Ethereum hark fork, choose BTC.

But then again I could be wrong. See the cost of ETH during its hard fork. Then look at poor ole' ETC. Thinking about hard-fork you need to get in the mindset of big companies who are pushing it. Than it becomes clear that they are using it as a tool of extortion.

And clearly they don't stand to gain anything from the fork itself, only loss. I don't see hard-fork happening for Bitcoin before 2MB blocks actually become a necessity. That's valuable indeed, and I would have to agree.

I really don't see a hard fork happening. But do you believe with all the new interest in bitcoin that newcomers will skew the market because of the fear of a hard fork? I hope you enjoy here as much as I do! Nice post, I will follow your account, please follow me at rohitrajput and give a upvote to this comment. Theory 1 Soft Fork: Theory 2 Hard Fork: Do I really need to say more? Let me know your thoughts in the comment section below! Authors get paid when people like you upvote their post.