Did bitcoin cash fork

I cannot hear this word before , But Being this forum new to new words and new to new software we have aware and try to understand through this forum. And i also i want to suggest you to must share complete information about post you have shared. Thank you for noting this term. I had no idea about it, I searched and knew that hard fork is an incompatible change with previous versions in the digital currency protocol, and this means that nodes that are not updated to the new version will not be able to process transactions or pay new blocks.

Also, a hard fork can be used to change or improve an existing protocol or even to create a new, independent protocol or blockchain. Actually I have not any authentic knowledge and experience of this thing. But as far as I know the Hard fork means the splitting or something into parts.

In simple words example of Bitcoin it has two folds effect blockchain. When is in the form of currency another in the form of Bitcoin cash. Very good question is what is your hard work, according to my experience and my thinking, hard work means hard work is the name of working hard for any mission.

For example, if I am doing cryptocurrency on the platform, if I work hard on it with max hours, then I may earn a lot in the coming years, but if I do not work hard you will not achieve anything. That is good information for us about hard fork.

The information you share in about the hard fork is that any change in the running old software. Knowledge about it so that we can do something if we need to be prepared for it. Sorry friend I am new y. I think it is any technology that use in new generation. But your post and replies may give me more information about hard fork.

I will try to find out about hard fork. You can post now and register later. If you have an account, sign in now to post with your account. Paste as plain text instead. Only 75 emoji are allowed. Display as a link instead. Clear editor. Upload or insert images from URL. By Dagamand , May 18, in Крипто Мир. By Slavi Started October By Zaxar Sanya30 Started November By serggggg Started October By Dagamand Started May 18, By Navruz Karimov Started January 1, For Beginners.

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Abd Rehman Shaquille Johan RabitoBB I abdulmuminpapa Mecalum Pereira Bolubobo Lion heart Running the old software will See any New transactions as invalid. David84 Talha Khan Ayyazcodsc Ses93 RizwanUllah Sp19a1ma Jessica john Rao Wasim Anwarbhai Elibake64 Join the conversation You can post now and register later.

Reply to this topic Insert image from URL. Popken B. What Is Hard Fork? Liao S. Castor A. All Cryptocurrency Forks, Hype. Codes, Apr. Stern A. Nunn J. Althauser J. Lee M. Sales and other dispositions of assets, Internal revenue serv. Marco Iansiti, Lakhani K. The Truth About Blockchain, Harv. Iinuma A. Hobson J. What Is Cryptocurrency.

What Is Blockchain Technology? What Is Cryptocurrency? Zainuddin A. Asolo B. Light J. Webb N. Online, , Vol. Manning J. Madeira A. Minks T. Is the Bitcoin Hard Fork Taxable? Group PC. Cross T. Lee T. Congress Starts Investigating Bitcoin, Wash.

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This can split a blockchain into two slightly or drastically different versions. According to the proposal, a portion of each block reward was supposed to be deposited to an address directly controlled by BCH ABC. While there might be some confusion in the coming days as to which Bitcoin Cash is the real BCH, some crypto exchanges have already announced that they will support the fork with the majority of hash power—which appears to be BCHN at the moment.

Trading platform Crypto. Currently, it looks like the community is winning after all. Read on the Decrypt App for the best experience. For the best experience, top crypto news at your fingertips and exclusive features download now. News Coins. By Liam Frost 4 min read. Create an account to save your articles. Bitcoin Cash. The division occurred as the community rejected a "miner tax" proposed by the lead development team ABC.

Bitcoin prices are holding steady after a splinter group within the cryptocurrency community broke off and formed their own secondary version of the digital asset. Called "Bitcoin Cash," the Bitcoin variant aims to speed up how quickly transactions are processed. A different software upgrade set to go into effect this fall to achieve the same result was accepted by a majority of the members of the Bitcoin community after a vote on the change was held this morning.

Bitcoin transactions, grouped into "blocks" linked together in a "blockchain" have always taken on average 10 minutes each to process. Members of the Bitcoin community, called "miners," who connect their computers to provide the computational power used to verify transactions in exchange for winning Bitcoins had disagreed about how to solve the scaling issue. In order for these changes to get approved many people need to agree, just as changes to cellphone networks require many phone companies to agree.

When one part of the group goes one way and the other another way, it can "fork" and create two different kinds of Bitcoin. Whether the change has any impact on Bitcoin holders depends on where they store their cryptocurrency. Many different digital wallets and online cryptocurrencies announced they would not support Bitcoin Cash. But users on those that did will see themselves credited with additional Bitcoin Cash tokens, which can then be sold online for U.