Hard Fork Event Bitcoin Core VS Bitcoin Unlimited

in #hard • 7 years ago

What is Hard Fork Event Bitcoin Core VS Bitcoin Unlimited?
Glossary-Hard-Fork.jpg
For you Bitcoin and Blockchain lovers, would have been familiar to hear the word 'hard fork' which lately keep popping up on the news and become a heated debate among users. But how far is your understanding of the vulnerable Hard Fork events happening in the Cryptocurrency world? Let's read the explanation below.

#fork #btc #bitcoin
7 years ago in #hard by
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     7 years ago 

    and what should we do saving btc or else?????!!!!!

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     7 years ago 

    i thing save more better ..............

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     7 years ago 

    we just wait n see what will happen no body knows???!!

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     7 years ago 

    copas
    August 1 / BIP148 preparedness
    July 12, 2017, 08:31:04 PM
    #1
    There is some chance that BIP148 will result in an economic split of the Bitcoin currency at midnight UTC on Aug 1. If this split is non-negligible, then action may be required by all Bitcoin users. Personally, I consider it most likely that the split will be negligible and that you won't have to do anything, but it's still a good idea to prepare just in case.

    A very short summary of what you need to do:

    1. Ensure that you have no BTC deposited with a Bitcoin bank or other trusted third-party before Aug 1. If there's no technical way for you to export the private keys for your BTC, then that BTC is at risk. Some Bitcoin banks may assure you that they'll definitely keep your BTC safe, but I absolutely wouldn't trust them.
    2. Do not send transactions or trust received transactions starting 12 hours before Aug 1 at midnight UTC, and continue this until you hear the "all clear" from several trustworthy sources. For example, I will post a forum news item if everything is OK, or if everything is not OK and action is required.
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       6 years ago 

      Nice post! I will follow you from now on. +vote

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         6 years ago 

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           5 years ago 

          Congratulations @vmout88! You received a personal award!

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