It should be known when Hardfork Bitcoin happen..
All users of the Bitcoin today, sure has been hearing about the possibility of the occurrence of Hardfork. The possibility of the occurrence of Hardfork, is the sequence of the debate more heated up bitcoin scalability since quite some time ago.
In the debate on the limit of block bitcoin, there are two major proposals that seek to increase the size limit of a block, viz. SegWit and Bitcoin Unlimited. The difference between the two, equally resulted in possibilities for doing Hardfork. SegWit implementation, certainly suffice it safe if it must be reached by the road Hardfork, as well as with Bitcoin Unlimited.
It's just that, the difference between both these options, if SegWit is enabled, the feature is considered to be the door opener line several other innovations which enables done bitcoin. Such innovations as well as the application of Lightning Network, or also with the Sidechain capabilities able to expand Bitcoin. When Sidechain was introduced, many people refer to it as "the Altcoin Killer".
What is a Hardfork?
Simply put, hardfork is a fairly extreme changes that must be made to the core bitcoin. Generally, hardfork is done if the node in the network of Bitcoin be could not validate the valid new block due to differences of opinion, between the nodes that have been using the new Protocol, consensus with nodes that haven't updated the core hardware Bitcoinnya.
That condition, occurring now, when there is a difference of views between the Bitcoin Core with Bitcoin Unlimited. If the node still acknowledge Core Bitcoin block valid is the new size is less than 1 MB, while the Bitcoin nodes Unlimited considers valid block that are larger than 1 mb.
The condition difference of views about the new block consensus are deemed valid, if it happens repeatedly, then it makes no difference as well as malicious attacker against consensus bitcoin. That is, if on one chain (blockchain network) there are two different consensus, then surely the difference in view of it being a permanent difference. Of course, also have implications for the tip on the validation process of the new block is valid, while block-block new bitcoin, inside there are hundreds to thousands of transactions that must be validated by the miners.
The only way that allows reached if no longer able to produce consensus decision making, then the likely path of Hardfork must be taken. On the one hand, bitcoin core seeks to maintain the bitcoin main characters, while decentralization, Bitcoin unlimited strives to meet its needs in order to limit block bitcoin gets larger.
###Then What Will Happen?
Its greatest possibility if hardfork bitcoin actually happened is, will the existence of a network of bitcoin split. So, on each Core and Bitcoin Bitcoin Unlimited will eventually run on two different networks.
If this happens, then at the next stages, will look not as Unlimited Bitcoin Altcoin recently, while the Bitcoin Core will remain as usual. Split or separation between the Core and the Bitcoin Bitcoin this Unlimited, each of which will run on different blockchain. Simply put means Bitcoin Core will remain on the block the longest chain of consensus, whereas Bitcoin Unlimited is at the new chains.
What happened to the ownership of a number of User Bitcoin?
Since both were on each of the different networks, then split in a way that hardfork will automatically generate a number of different ownership of BTC. The simplest description we can see in the following illustration:
Then after hardfork took place, between the two will be:
As is the case with Rudi after the hardfork took place:
The Implications Of Hardfork Is Not Meaningful A Doubling Of Bitcoin
If we look at the bigger picture implications of the hardfork in the example above, then as a whole will also apply to all users of the Bitcoin has a number of Bitcoin. However, it needs to be underlined is that implication is not then, is meant as a doubling of the Bitcoin. Obviously because it is different enough.
For users who have a number of Bitcoin before hardfork case, then automatically will have two new coins are different, i.e. the BTC and BTU (assuming the current name). Then if hardfork bitcoin enacted, on initial conditions, between the two becomes unusable, it is as a consequence upon passage of the split between the Core and the Bitcoin Bitcoin Unlimited. If this separation or split process runs smoothly, then between the two can be effective back a new currency.
Bitcoin Core Will Remain The Same As Usual
Since discussions about a possible hardfork bitcoin makin spread open for discussion, there is restlessness occurs on user Bitcoin. The perceived fear, is if there is a possibility of bad happened which resulted in a loss of possession of the bitcoin them.
In this case, at the Core, it will be Bitcoin much significant impact until it is likely bad. Bitcoin later on, will remain the Core refers to the validity of the block the longest chain, which is considered the most valid. So, when Hardfork occur, there will be a lot of bad indications that will happen. Except, possibly, the biggest i.e. changes a few things related to the limit of the block if it turns out that hardfork is done later at once to activate the feature segwit on the core. If the bitcoin core will remain a BTC as usual, then it is not for Bitcoin Unlimited.
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