Topic: How to qualify for and claim a FORK. (Read 165 times)

OP's definition of fork is too technical like it's not even understandable. Simply forks in crypto are more like changes, upgrades in the network rules based on consensus.

Fyi, don't get confused by hard forks and soft fork. Hard forks are those with split that a new coin is created like BCH and many other after that. Soft forks are those upgrades or minor changes within the network like the segwit. So talking like "claiming fork coins" are talking just like you can claim too out of segwit. Well, it's how people are used to say but, it's just an fyi.

Claiming a fork is for those who understand why it even exist in the first place and it most times is created when there's a  lax in the network system. Still, even when the congestion is much on the end of the user, it may take a while for miners and developers to agree on and create a fork in the network so as to enable ease of transaction and like a window to ones funds on the decentralized network, before the forking.

I think only users on the network with crypto currency like BTC, not shitcoins , can qualify for and claim a fork on the Network they use.

I used this same process to get bitcoin cash back then in 2017, it gave me the same equivalent of btc I had in my wallet that evening when it launched. Even third party custodial wallets that supported the fork of bitcoin cash had my bitcoin cash balance which was the same equivalent of what I had in bitcoin while holding.

I never understand why you want to create a fork, instead just contribute your idea to the original project. If it's too good, they will surely implement it.
Fork projects are not unique at all, just a clear copy and if we talk about crypto clones, they are called shitcoins. No one prefer shitcoins.

Your take simply made my essay better understood.  It serves to show how the innovation process has been successful at ensuring investors do not loose their coins while issues due to the exchanges technicalities or network malfunctioning due to heavy demand of its usage, pose threats.
Users or investors or traders can be sure that whatever the upgrade or forking that happens, their coins can be safely claimed and moved to their wallets of safety.

To save everyone time on reading. A simple way to qualify fork is just hold Bitcoin on eligible wallets. Exchange typically offer supports on fork so just holding Bitcoin during snapshot will make you eligible.

As for claiming, You can simply import the private key of your wallet that holds your fork coins to a wallet that supports fork coin. I claim many times fork tokens from my casascius coin and I always use coinomi wallet since it supports fork coins that has value such as BTG, BCH and BSV. The rest of the fork coins are garbage.

A fork can be made by many technical reasons, not only because of congestion on the network and high transaction fee.

Lightning Network is not a fork.

To use Lightning Network, you must open your Lightning Network channel.
Electrum Lightning Network walkthrough

You don't know what are blockchain networks?

They are not three networks but are three options. You are using only one network, Bitcoin network for your transactions but you have three options to choose transaction fees with estimation from Electrum wallet.

The fork which was introduced to the blockchain was the cause of the congested mempool and slow transactions with high fee rate. I tried to use lightning network to see if the transaction and the fee will be okay but I could not use the lightning network. So I decided to use Mempool among the three network listed in the wallet. Which are: ETA, Mempool and Static. The first time I use static and it takes through out the week to process the confirmation, it is still on the unconfirmed stage. I send another transaction again with Mempool and since morning it still unconfirmed. The whole matter just tired me.

This guide is going to be easy for newbies to understand: LoyceV's Bitcoin Fork claiming guide (and service)

I made an introductory post on the term 'Fork' and how it affects crypto exchanges when it is agreed upon by miners and developers to undergo.
I became much interested in the term after reading several comments on the slow transaction speed and network congestion that crypto currencies, mostly Bitcoin, has been experiencing lately.

This forking can be one scenario that can be looked upon in such times like this where we experience network congestion and high transaction fees.
Aside from the lightning network that was suggested by Bitcoin talkers, if push comes to shove with charts showing a steady decline, in speed of service, another Bitcoin talker suggested transactions speed be increased per second, knowing fully well a fork is what can be implemented to ease the situation. We see this example of a hard-fork with Bitcoins', Bitcoin Cash in 2017.



Visit source link:
https://en.wikipedia.org/wiki/Fork_(blockchain)

Should a Fork be the next resort to accommodate the pressing transactions demand, here are some best practices one can do to qualify for and claim a fork.
Remember the wallet you used, and your private keys before the snapshot block.

1. You would have to transfer your funds/coins to a new address after the snapshot, do not forget to retain the private key of the old address.
2. Go to your stores and download the new wallet once it is live.
3. Go ahead and import the private key from the address you had crypto on before the fork, to the new forked coin's wallet.
Easy peasy!

Visit source link:

https://cryptocurrencyfacts.com/how-to-safely-claim-any-cryptocurrency-fork/#:~:text=Best%20Practices%20for%20Qualifying%20For%20and%20Claiming%20a%20Fork&text=Move%20your%20funds%20to%20a%20new%20address%20after%20the%20snapshot,the%20new%20forked%20coin%27s%20wallet.