Thanks for the explanation, good to know it´s not something that might happen over night.
BT unlimited support seems to be rising, so it might happen with all consequences.
This article describes it quite well:
https://cointelegraph.com/news/hard-fork-will-slow-bitcoin-price-down-3000-target-less-likely-vinny-lingham
Topic: Trigger for BTC / BTC hard fork (Read 622 times)
Do you think it will happen?
I think it would be best for them to just create a new coin instead of using the Bitcoin name and slicing off
I think it would be best for them to just create a new coin instead of using the Bitcoin name and slicing off
What I saw - first they have to reach 75% of nodes for a full difficulty period.
Then they will maintain 75% of nodes for two additional difficulty periods while getting the word out that the fork is coming.
Then the fork can happen.
So it will take at least 6 weeks from when they hit 75% - and they are only in 30% range now - http://nodecounter.com/#bitcoin_classic_blocks - only about (just under) half the mining hash power needed.
They don't have to stick to that plan but won't fork w/ less than 51% and I doubt they will do it with less than 75%.
Then they will maintain 75% of nodes for two additional difficulty periods while getting the word out that the fork is coming.
Then the fork can happen.
So it will take at least 6 weeks from when they hit 75% - and they are only in 30% range now - http://nodecounter.com/#bitcoin_classic_blocks - only about (just under) half the mining hash power needed.
They don't have to stick to that plan but won't fork w/ less than 51% and I doubt they will do it with less than 75%.
Hey,
I´ve read a lot about the speculations about a possible BTC hard fork.
What I did not understand by now is what would be the final trigger for a split?
Just more nodes supporting / using BTU than BTC core?
I´ve read a lot about the speculations about a possible BTC hard fork.
What I did not understand by now is what would be the final trigger for a split?
Just more nodes supporting / using BTU than BTC core?
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