No.
You only download the blockchain when you install the Bitcoin Core. You're essentially running a node, you're part of the blockchain network, when you work with Bitcoin Core.
Well I was wondering the same thing about Bitcoin Core. I cannot find any information about it tho. I'm very curious how the things will work out.
How does the other wallet "knows" either I have the complete blockchain? Do I have to fill in the path of the blockchain folder which Bitcoin Core is using?
Bitcoin went through many forks and after each one it become even stronger. Many forks will happen soon each one of them has a ridiculous name
which proves that it will fail, thus, you don't have to worry since your investment will be safe.
I am using the program "Bitcoin Core" to store my coins, but I was wondering how to collect the new "Super Bitcoin"? I suppose "Bitcoin Core" will not support this new crypto, so I am looking for a good software wallet.
Do installing another wallet requires to re-download the whole blockchain once again?
I think bitcoin core wallet is OK and you will be able to collect your super coins after the fork. Iwill tell you if I find any more information;
Thanks, much appreciated!
There is a another hard fork coming on it's way at 17 December, which will create a new coin, called "Super Bitcoin".
So I do believe Bitcoin won't reach 15000USD till the end of this year, it will float around 10-11000USD I think.
I do also believe it might drop a bit due people cashing out to buy presents etc. What are your opinions?
I have invested a huge amount 2 weeks ago and I am very pleased with my current profit. I'm a long term investor, not a trader.
Now to go back to the purpose of this post...
I am using the program "Bitcoin Core" to store my coins, but I was wondering how to collect the new "Super Bitcoin"? I suppose "Bitcoin Core" will not support this new crypto, so I am looking for a good software wallet.
Do installing another wallet requires to re-download the whole blockchain once again?
Thanks in advance (and happy holidays),
David
yes and yes - in short.
The Bitcoin Core will not support the new coins, but a resonable expectation from Super Bitcoin devs is that they will provide their own fork of the Core software too. If they do, and when they do, all you need to do is copy your wallet.dat (it cointains your private keys) to that new software folder and redownload the new blockchain. It should give you access to your super bitcoins.
The word of caution, though: before you send out any super bitcoins (or bitcoins) make sure that the replay protection is implemented in super bitcoin. You don't want to be sending out both of your coins!
Correct me if I'm wrong, but those "Super Bitcoins" are implemented in my wallet.dat file, no matter what? I can access them later if I ever find out how to
I'm a newbie with all this terminology. Can someone explain what a fork means/is? Even a link?
Ta!
I have found some good information for you: https://www.coindesk.com/short-guide-bitcoin-forks-explained/