What are bitcoin Fork ?? and What they are meant for ??

xanmanluca

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Quote from: ranochigo on January 13, 2018, 08:54:24 AM

A fork is a change to the network's protocol rules. Anyone can do it, as long as they are able to change the code in the client.

There are two kinds of fork:
Soft Fork- Backwards compatible. You don't have to upgrade to use it.
Hard Fork- Non-Backwards compatible. Older clients will not recognize your rules and they will not see your newly generated blocks as valid and thus diverge from the majority chain.

Backwards compatible? non-backwards compatible?

wxa7115

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Bitcoin is GOD

Quote from: ranochigo on January 13, 2018, 08:54:24 AM

A fork is a change to the network's protocol rules. Anyone can do it, as long as they are able to change the code in the client.

There are two kinds of fork:
Soft Fork- Backwards compatible. You don't have to upgrade to use it.
Hard Fork- Non-Backwards compatible. Older clients will not recognize your rules and they will not see your newly generated blocks as valid and thus diverge from the majority chain.

This, and to answer the second of the thread there are some reasons to create a fork, this is similar to open source software sometimes there are differences about the direction of a project and you can create your own, bitcoin cash is a perfect example of this, but there are other forks that have no other reason to exist than to make money to the ones that are forking the coin.

xskl0

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Bitcoin SV is Bitcoin

Quote from: jatinjax on January 13, 2018, 08:20:08 AM

can any body please make me under stand about this

Is like a spoon in fact, just more dangerous.

VitKoyn

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Forks are proposed solution in Bitcoin network problems, and if core developers decline it then that is the time that it will be a hard fork which means that it will create new version of Bitcoin with new protocol (split), but if core developers approved, it will be a soft fork like Segwit (not segwit2x). Nowadays hard forks become a new trend on how to make easy money out of thin air, after Bitcoin Cash hard fork there are lots of same shit coming out every month that doesn't really improved anything.

Quote from: jatinjax on January 13, 2018, 10:14:35 AM

How can we claim this forks I have 5 bitcoin

If you have Bitcoin in a wallet that holds any amount of Bitcoin during the snapshot you will receive amount of fork coins (usually 1:1 ratio). You will be able to claim it after the implementation occur. Just import your Bitcoin private key to a wallet that supports the fork coin. Note that before doing anything, transfer all your Bitcoin to a new address just to be sure that it is secured. If you have Bitcoins on exchange and if they support it, they will credit it automatically to your exchange account.

ismadanniel

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by holding bitcoin u get extra fork coin the amount of the fork depends on dev of fork coin..by the fork price will increase but after the fork most of the time price will fall again

btcgreen63

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Quote from: jatinjax on January 13, 2018, 10:14:35 AM

How can we claim this forks I have 5 bitcoin

Different forks have different rules about whether holding bitcoin entitles the holder to the new coin, and I believe some of these offers might be time delimited. You'll have to check out each one independently. Of course, there will probably be more forks in the future.

jatinjax

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How can we claim this forks I have 5 bitcoin

h0lybyte

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Bitcoin forks are meant to create a new digital currency just like ethereum, litecoin etcitra. Months before, there was no existance of bitcoin gold (BTG) but now if you search for itbon yobit.net, you will see this forked currency has market price of $355 and increasing gradually. This means if you had 1 bitcoin in your wallet during fork, you would have got free 1 bitcoin gold. May be some other forks are being happen, buy and hold bitcoin to get free coins

hitrawal91

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BitcoinSN - The Real Bitcoin!!!

Bitcoin forks are nothing but they represent the changes to the bitcoin protocol that make previous set rules valid or invalid. Cryptocurrency forks are merely protocol upgrades, or you can say that they are updated versions of bitcoin. These changes made during the Forks have their own Pros and cons.
Recently in the past summer, we have seen the implementation of the Segregated Witness (Segwit) soft fork and then comes BCH split during the 1st August 1st and recently we have seen bitcoin gold fork.

ranochigo

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Crypto Swap Exchange

A fork is a change to the network's protocol rules. Anyone can do it, as long as they are able to change the code in the client.

There are two kinds of fork:
Soft Fork- Backwards compatible. You don't have to upgrade to use it.
Hard Fork- Non-Backwards compatible. Older clients will not recognize your rules and they will not see your newly generated blocks as valid and thus diverge from the majority chain.

ZainSpider

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Whenever some devs or bitcoin want to change something in it, they fork it and make a new coin mostly through these bitcoin forks.

jatinjax

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can any body please make me under stand about this

Topic: What are bitcoin Fork ?? and What they are meant for ?? (Read 133 times)