Many Forks of Bitcoin - What are they?
There has been few bitcoin hard forks of bitcoin and more are coming. What they are? What are their purposes?
Bitcoin Diamond
Bitcoin Diamond implements anonymity or privacy feature which is not available in Bitcoin. It changes Proof-of-work to Proof-of-stake and supports SegWit. There will be 210 million BCD in circulation.
Symbol: BCD
Fork Date: November 24, 2017
Bitcoin Silver
Bitcoin Silver is a fork of bitcoin. Its purpose is to make Bitcoin mining decentralized again. It implements proof-of-work algorithm Equihash which provide an opportunity to new people to participate in mining with consumer hardware. SHA256 mining equipment will be obsolete for Bitcoin Silver. It has implemented full replay protection which is a feature that protects users coins from being spent accidentally.
Symbol: BTSI
Fork Date: December 2017
Super Bitcoin
Super Bitcoin is a proposed improvement to bitcoin. Some of features including lightning network, smart contracts, zero knowledge proofs and larger block sizes. There will be a total supply of 21,210,000 SBTC, with 210,000 being pre-mined.
Symbol: SBTC
Fork Date: December 17, 2017
Bitcoin Unlimited
Bitcoin Unlimited is not a hard fork to an unlimited block size but allowing users to signal which block size limite they prefer. It enables nodes and miners to agree/disagree with a change.
People are just wanting to fork off BTC at the moment to create demand for their 'new coin'.
I get they are just trying to make improvements and they are just trying to further the BTC chain. But in all honesty, the amount of 'forks' or even if you want to look at it as 'dividends' for holding Bitcoin that are coming out will make some of these new currencies redundant if it happens too often me thinks.
@alhoppo
It’s going out of control.
so 4 forks in 2 months?! is it really necessary?... i just makes the field looks really unstable...
Agree, it’s totally crazy to have so many bitcoins forks.
Seems that forking is a trend now. When will it end
We’ll see.
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