Introducing new features into the Bitcoin protocol requires causing a fork in Bitcoin.JP Buntinx is a FinTech and Bitcoin enthusiast living in Belgium.How to protect your bitcoin and online poker balances during the User Activated Hard Fork of Bitcoin and creation of BitcoinCash.Prior to the fork everybody and their dogs had a prophecy of what might happen...Functionality will resume as soon as possible after the outcome of the fork is clear and the network is safe.UPDATE (31 July 2017 at 14:30 hrs UTC): The cut-off for BTC withdrawals and deposits has now been extended to 1 August.
If your coins are in breadwallet, the recommended course of action is to do nothing during and immediately after the fork.
The Bitcoin Fork | Monty Guild | FINANCIAL SENSEDear breadwallet customers, There is a potential hard fork happening on August 1.A fork could change the equation for thousands of bitcoin users.Note: This article is only for historical reference as the fork to which this article refers was completed on August 1, 2017.Rival groups are battling over how to scale Bitcoin for the future.
Because breadwallet is a non-custodial wallet, you are in possession of the private keys that will contain both BTC and BCH.What we have now is a set of necessary but not sufficient conditions for a split.A fork is occurs when two miners find a valid hash within a short space of time.
The major hard fork has resulted in the creation of a new cryptocurrency, Bitcoin Cash (BCC).
Contentious Bitcoin fork WILL create a split » Brave New Coin
Bitcoin Is Having a Civil War Right as It Enters a
Coinbase says it will support Bitcoin Cash after all — butBitcoin XT was created due to a series of fundamental disagreements between Bitcoin core developers.It has become evident that a hard fork will not be executed and a new blockchain network will not be created.
Bitcoin Price Tumbles After Renewed Fears Over a Bitcoin
Bitcoin Forks: Ulterior Motives? – Hacker NoonIf you enjoyed this post and want to be notified about important developments in the bitcoin world.
Will Bitcoin price drop after the coming fork? — SteemitIt seems that on August 1st, there will be a hard fork on Bitcoin.With the scheduled bitcoin cash hard fork, it is essential that you retain your wallet and corresponding recovery phrase, even if you empty the BTC balance.In simplistic terms, a hard fork is related to blockchain-based technologies, such.
At no point will breadwallet or any other third party have custody of your BCH.
FAQ - Bitcoin XT
Bitcoin Cash: What You Need to Know – Jimmy Song – Medium
Bitcoin has erased its gains made last week after developers announced a disagreement on upgrade proposals.
Will the Bitcoin Classic 2MB hard fork happen in 2016Before getting into the explicit differences between these two terms, both of them should be clearly defined. Bitcoin.org defines a hard fork as follows.Yesterday, the Bitcoin network experienced one of the most serious hiccups that we have seen in the past four years.
Bitcoin surges post fork to surpass $3,200 for the first timeAny transactions, and coins that were present prior to the fork are valid on all subsequent chains.The bet will be flagged as True if, within the present year 2016, there will be a Bitcoin classic majority hard fork supporting 2MB block size.
An alternate product called Bitcoin Cash (BCH) is scheduled to launch on August 1.They both spread the solution for verification to their neighbours.
BTCFork - The Original Bitcoin
As we all know the much anticipated Bitcoin fork took place in the beginning of August.