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Bitcoin Private

private, decentralized, fast, open source,
community-driven coin

Snapshot & fork have now taken place!

Bitcoin Private uses the same privacy technology as ZClassic (zk-snarks). This means payments are published on a public blockchain, but the sender, recipient and other transactional metadata remain unidentifiable.

Decentralized

Just like Bitcoin, Bitcoin Private supports peer-to-peer transactions without an intermediary. These transactions are verified by network nodes through the use of cryptography and recorded in a public ledger.

Unlike Bitcoin, Bitcoin Private supports a slightly increased block size while being more anonymous and secure than any existing Bitcoin-based currency without sacrificing transaction speeds.

Open Source

Bitcoin Private's entire codebase is publicly available for viewing and verification by anyone. It will always remain open source and be maintained by an ever growing community.

Community Driven

In the nature of transparency and open source, Bitcoin Private is developed by team members all over the world. Each member fills roles and contributes based on his or her skill sets.

A Fair Start

There was no premine, and there is no founder's reward. Bitcoin Private has been released in a fair manner to all. Coins were distributed on a 1:1 basis to BTC and ZCL holders.

DECEMBER 2017

First pull request made, Dec 24

JANUARY 2018

Replay Protection, Jan 5

BTC UTXO integration, Jan 7

Eleos wallet, Jan 8

Release of Electrum Wallet, Jan 27

First fork simulation and testnet, Jan 28

FEBRUARY 2018

Replay Protection Upgraded, Feb 18

Full Node Desktop Wallet, Feb 20

Second Testnet, Feb 23

Partial SegWit Support, Feb 25

Final Testnet, Feb 26

Allowed coin claim testing

Snapshot of BTC and ZCL, Feb 28

MARCH 2018

Fork-merge and Mainnet Launch, March 2-3

First BTCP Trezor txn, March 9

First BTCP Ledger Nano S txn, March 16

APRIL 2018

Enable SegWit coin claiming, April 11

Ledger Nano S support, April 16

Electrum release for Ledger Nano S, April 19

Trezor code merged, April 23

Closed Beta Merchant Platform Release

BTCP Rebase Begins [MAJOR]

Rebase BTCP from ZEC to BTC codebase. ZEC codebase 3 years behind BTC Also enables facile upgrading of the BTCP node with BTC upstream merges Major upgrades include: BIP32 SegWit Lightning Network Many more

Open Beta Merchant Platform Release

BTCP Google Chrome extension

Allows users to easily mine BTCP at their mining pool of choice or solo mining

Will include all the languages present on our website

Merchant Platform Phase 2

Finish rebasing of BTCP - release new core node

Initiate soft fork for full SegWit support

Lightning Network Initiated

Shielded Electrum Wallet

Embedded Tor / Tor by default

Complements embedded Tor

Merchant Platform Phase 2 & 3

E-comerce plugins integration (Shopify, Magento, WHMCS, 3dCart, Woocommerce, PrestaShop, Bigcommerce, etc)

Dandelion privacy protocol

Superior obfuscation technique involving the “stem” and the “fluff”
that will help to further privatize Bitcoin Private’s transparent txns

Make shielded txns default in all wallets

Merchant Platform Phase 3 & 4

Payment Gateway Integration

Upgraded Wallet UI/UX

Evaluate alternate proofs of work

Incorporate new Jubjub / Sapling enhancements

iOS wallet with shielded txns Merchant platform with shielded txns

Shielded Transactions become default

Evaluate making shielded transactions mandatory

What is a hard fork?

A hard fork is when a single cryptocurrency splits in two. It occurs when a cryptocurrency’s existing code is changed, resulting in both an old and new version. This case is somewhat unique, whereby ZCL and BTC were co-forked into Bitcoin Private (BTCP).

When was the hard fork?

Snapshot date: February 28th, 2018.
Snapshot blocks: 511346 for BTC and 272991 for ZCL.
Mainnet Launch: March 3rd 2018.

How do I receive BTCP?

When the hard fork occured, a snapshot of all existing ZCL and BTC holdings occured. Anyone holding ZCL or BTC in a wallet or supported exchange has been credited Bitcoin Private (BTCP) at a 1:1 ratio. For example, if you held 15.4 ZCL and 0.1 BTC, you receive 15.5 BTCP.

More Forking Forks in 2018?! (BTCP, BTC, and ZCL Analysis)

January 30, 2018 19:00 by JaketheCryptoKing

Forked coins dominated the atmosphere in 2017, with the Ethereum we are all familiar with being a Fork of ETH Classic. Bitcoin had many forks in 2017; Bitcoin Cash, Bitcoin Gold, and Bitcoin God to name a few. The question persists is there any value to these forked coins? Yes. The most valuable fork of them all, in the author’s opinion, is coming within thirty days; Bitcoin Private.

What is a Fork?

To keep it simple there are two types of forks; a hard fork and a soft fork. A hard fork occurs when a blockchain splits into two new chains (incompatible with each other). These hard forks often result in a software upgrade or an expansion of the rules governing the blockchain. A soft fork occurs when there is a change of rules that creates blocks recognized as valid that would not have been previously. A user-activated soft (“USAF”) fork is controversial as it explores how to perform blockchain upgrades that are not supported by the network’s original hashing power. The differences between a soft and hard fork enters into the technical side of the blockchain. The important part to understand is some forks result in new coins and other forks solely result in a change to the original structure of the coin’s blockchain. The upcoming fork occurring with Bitcoin (“BTC”) and ZClassic (“ZCL”) will result in Bitcoin Private (“BTCP”).

A hard fork is when a single cryptocurrency splits in two (in some instances). It occurs when a cryptocurrency’s existing code is changed, resulting in both old an old and new version. In some instances the old version becomes obsolete, so solely one coin remains. The case between BTC and ZCL is unique because they will be “co-forked” into BTCP.

ZClassic and Bitcoin (ZCL & BTC)

BTCP has been in discussion since early December when ZCL had a run from under $2 to over $100. In January ZCL approached $200 and then the market correction occurred. This was coupled with most expecting BTCP to be a January fork. The result was ZCL losing 40 percent of its value in weeks, as did most of the market. Most would say ZCL has peaked (given its 70x run in two months). However, the forked coin being provided to ZCL is the same value of the forked coin being provided to BTC. BTC costs almost $12,000 per coin and ZCL currently is $140 per coin. The IGNIS airdrop drove the market cap of NXT to over $2 billion, solely because of the FOMO (fear of missing out) associated with free coins.

There will be FOMO associated with BTCP, but there will also be real-life use. ZCL has a market cap of approximately $400 million. BTC has a market cap of approximately $190 billion (yes with a “b”). Yet they are both providing the same forked coin, BTCP. To an investor a forked coin looks very much like a dividend, and here you have a coin worth $140 providing the same dividend as one valued at $12,000. A discussion of the valuation of BTCP will occur later, but whatever the future value of BTCP is should correlate to the current minimum price of ZCL.

Many people are well aware of the issues that have been plaguing Bitcoin for years. The cost of transactions, the transparency of the blockchain (positive or negative depends on your view), the time it took to transact, the minimal number of total tokens, etc. The list of what was wrong with bitcoin was longer than what was right. Bitcoin was the first, it will always be respected (deservingly so), but the purpose of forks is to improve in the imperfections of the original. To deal with scalability issues, bitcoin implemented SegWit. Part of the main plan was to remove signature data from each block. Signature data had been estimated to account for 65 percent of all data processed in each Bitcoin block. This along with a few other upgrades attempted to solve bitcoin’s scalability issues. However, Bitcoin Cash forked and took another approach to the scalability issues plaguing BTC.

Bitcoin Cash (BCH)

BTC miners and developers grew concerned that BTC, even with the SegWit2x update wouldn’t be able to scale effectively. They also thought it did not address fundamental problems or follow the roadmap outlined by Satoshi Nakamoto. Their main concern was how the introduction and implementation of SegWit2x were not transparent which undermined the decentralization and democratization of currency (which is what BTC was meant for). Bitcoin cash implemented an increased block size of 8MB. This greatly accelerated the verification speed, regardless of the total number of miners supporting it. The more miners supporting a coin generally, the safer the blockchain, this is where any security-related concerns of BCH are generally raised. However, BCH set out to accomplish aspects it believed BTC was failing in and has become a successful cryptocurrency.

Bitcoin Private (BTCP)

BCH is currently trading around $1600 after having broken $3000 on their Coinbase news. Similarly, for most coins, they had their 40 percent correction in January as well. The question becomes what will the market adoption of BTCP be and will the price of BTCP be above the current price of ZCL. The answer seems to be a resounding yes. Bitcoin Gold is trading at $185 per coin following January’s correction. Bitcoin Cash is trading at $1600. Even Bitcoin God which had significantly less support is valued at almost $100 per coin and was well above $150 prior to the January correction. It is likely BTCP is priced in the $300-$1000 range in the short term, making it a 100-800 percent one to three-month play, if you plan to purchase ZCL shares to accumulate BTCP.

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The snapshot date was announced January 28, 2018, and will be occurring on February 28, 2018; this means the price of ZCL should increase rapidly as February 28 approaches. The mainnet launch for BTCP is approximately two days later. It is highly recommended keeping your ZCL and BTC off exchanges for the fork if you intend to take advantage of the free BTCP. It took Coinbase over six months to provide support for BCH. If you have any desire to exchange BTCP, do not rely on exchanges immediately, hold it in a wallet. It is likely in the next three weeks there will be many announcements regarding which exchanges will support the fork. With the announcement of each new exchange expect to see the price of ZCL to increase dramatically.

The total number of BTCP will be very limited at under 30 million total coins; the exact number will not be known until the day of the fork as individuals are still mining ZCL and BTC. However, what is known about BTCP is very exciting! According to the BTCP homepage:

“Bitcoin Private will use the same privacy technology as ZClassic. This means payments are published on a public blockchain, but the sender, recipient, and other transactional metadata remain unidentifiable.”

The BTCP Team is attempting to make BTC a privacy coin while still solving the issues associated with BCH and BTC. The benefits of decentralization will remain, but BTCP will get an upgrade compared to BTC as it will be a much faster blockchain. By slightly increasing the block size while being more anonymous they are able to be more secure, privacy-oriented, and BTC branded, while not sacrificing transaction speeds. BTCP’s entire codebase is publicly available for viewing because it is Open Source.

With a team of over seventy individuals and more than twenty developers, it seems this fork has a true Dev team and enthusiastic community. There is no “founder’s reward” no “tax” to the creators with BTCP, and it incorporates privacy and speed into the BTC blockchain. BCH made a significant splash when it entered the crypto space by speeding up BTC transactions. BTCP accomplishes the same speed advantages as BCH while also providing the anonymity so many chose to enjoy. Now the public has a choice to use a BTC branded privacy coin, that choice has significant value.

The Valuation of BTCP

This is by far the most difficult aspect to correctly predict. In analyzing other BTC forks, we see BCH trading at $1600, Bitcoin Gold trading at $185, and even Bitcoin God (the most recent fork) trading at almost $100. These are all down 40 percent from where they were one month ago. Assuming the market corrects and these return to their former fame they should all be trading 10-20 percent higher by February’s end. None of these forks of BTC provide one very unique aspect, privacy. There are entire coins solely dedicated to being privacy coins, but now there is a Bitcoin branded privacy coin. If you are asking yourself what is a brand worth or what is the BTC brand worth? Well, you my friend are in the wrong space. A brand is everything. Look at cars, watches, perfume; if it is labeled with a recognizable brand, it is worth exponentially more than if it solely served its purpose (even if it served its purpose well).

The most valuable brand name in cryptocurrency is, of course, Bitcoin. Bitcoin Private is intentionally trying to capitalize on the BTC branding, the BTC blockchain, and by incorporating the privacy aspect to BTC, truly has an opportunity to do it correctly! BTCP has its fork date predetermined for February 28 (announced yesterday). They have a huge team of developers working on the project continuously and have already begun holding meetups in Austin and San Francisco. This fork is not one of the many scams (like Bitcoin Pizza) but has potential to be the next BCH.

Conclusion – ZCL Should Increase Greatly

The only way to attain BTCP is to purchase BTC or ZCL and hold through the February 28 fork. Considering ZCL is $140, and BTC is $10,500 the easier approach is to purchase ZCL. The value of the forked coin is the exact same for both BTC and ZCL as they are providing a 1:1 ratio of BTCP for each share of BTC and ZCL that are held at the time of the fork on February 28. With the lesser accepted forks trading between $100 and $500 and the generally accepted ones trading around $1500, BTCP seems to be poised for a very successful start. BTCP has already established a large community excited about the prospect of a privacy-oriented BTC. Well, that time is here, the public is less than a month away, and the only way to accumulate BTCP is by owning ZCL or BTC.

The entire market just suffered a major correction and prior to the correction ZCL was trading at approximately $200 per coin. The correction occurred, and here we are at the $140 price mark. The value of BTCP has not decreased as it’s not even available for another thirty days. However, the value of the underlying asset to attain BTCP suffered greatly (ZCL). With BTC future traders expecting the price of BTC to climb this month with the upcoming Dallas Super Conference (and many others) coupled with the entire crypto rebound that occurs following massive corrections; there should be a sensational price climb associated with ZCL this month. BTC most likely will enjoy a similar northern price trend, but if BTC trends north 40 percent, the alts respond with greater ferocity increasing 60 percent. ZCL is considered one of these altcoins and is tied directly to the successful launch of the BTCP fork at the end of February.

Expect the entire market to trend North this month with BTC being the safest play and ZCL being a huge percentage gainer as long as the BTCP fork goes ahead as planned on February 28. There will be multiple catalysts leading up to the fork that will pump the price of ZCL and these should be exit points or sell/buy points depending on your specific trading technique. Any listing of an exchange, great market acceptance, important updates, meet-ups and continued publicity all directly impact the value of ZCL and the future value of BTCP. Look for BTC and ZCL to have very strong February’s with the release of BTC and ZCL’s co-fork, BTCP.

Real time prices
"vires in numeris."

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A Big Forking Announcement: Anonymous Bitcoin (a ZCL and BTC Fork)

A dream of every blockchain journalist and entrepreneur is to formally announce a project you are the Founder of. The prior year in crypto has seen BTC go from under $1,000 to almost $20,000 and correct back to under $10,000. Today I am proud to announce a fork of ZCL and BTC.

An Interesting Forking Project

It may be difficult at times to hold back the excitement but to ensure a fair report of the project I will try to withhold my very enthusiastic nature regarding the project. One of the main reasons is when has CNBC ever decided to cover a Forking Announcement (very punny I know)?

A fork (soft or hard) has become a fairly common occurrence in the crypto space. The question arises which ones are real and which are scam related. Premined forked coins are always ones to be concerned with along with teams that chose to remain anonymous. Anonymous Bitcoin intends to achieve a fork of ZCL and BTC completely transparently to the public, with weekly video updates and communication with the community.

The project is titled Anonymous Bitcoin, and the Anonymous Bitcoin team intends to succeed where prior forks have failed while also adding unique technology to already tried and true blockchains. The co-fork will occur using BTC and ZCL, so in order to obtain the new forked coin, Anonymous Bitcoin, one would have to purchase either BTC or ZCL before the date of fork snapshot.

The Anonymous Bitcoin testnet will go live August 10, providing a month for exchanges to test the wallets and infrastructure before the snapshot occurs on September 9, 2018. The mainnet will be live within 48 hours of snapshot allowing for swift integration onto exchange platforms. Exchange listing and targeting ones with significant volume are one of the most important features of a new coin beyond utility and technology.

The main features of Anonymous Bitcoin will include anonymity while transacting (using zkSNARKs technology), increased transaction speed (through increased block sizes), and the ability to stake coins through masternodes. This trifecta of technological upgrades will create a cryptocurrency in Bitcoin’s image, with staking abilities and anonymity upgrades.

The Anonymous Bitcoin Team is broken into multiple layers. The BTCA team is composed of the core development team, founders, advisors, social media gurus, blockchain journalists, and even crypto compliance attorneys. The core development team is led by the founders of Miami-based Bushido Lab. The most notable advisor, Steven Nerayoff, has worked on projects such as Ethereum, Lisk, tZERO, ZClassic, AION, and many more. Having advisors of this caliber is essential – especially for a forked coin – to ensure market adoption.

Blockchain journalists and Fintech analysts have come on as advisors to ensure the progression within the space and to provide inside news coverage regarding the entire forking process. A production team has been assembled to provide weekly video updates about what the team has been up to regarding conferences, networking, and ‘work’ for the week. This will allow transparency literally from within. The crypto compliance attorneys are solely there to ensure we remain compliant with the ever-changing regulatory structure of cryptocurrencies. A fork is not considered a securities offering as no tokens are being sold but it always helps to have attorneys making sure compliance is maintained on all fronts.

With a roadmap that has already been structured and deadlines that will not be missed Anonymous Bitcoin is ready to begin their journey from concept to a forking cryptocurrency.

Please visit the project website Anonymousbitcoin.io – which will go live on Sunday – for further details or get in contact with the team directly:

To get in contact directly with the Crypto King, you can on Twitter (@JbtheCryptoKing) or Reddit (ICO updates and Daily Reports).

What are your thoughts on the upcoming fork and creation of Anonymous Bitcoin? Let us know in the comments below.

Images courtesy of CNBC, iStockPhoto

Oh Yes ! Bitcoin Diamond Fork Is Coming [Another BTC Hard Fork]

This is my fourth Bitcoin hard fork post in just a span of 4 months.

So I will just get straight to the point because I think by now we all have become very used to, to such forks, because one hard fork is happening again.

But still, for the uninitiated I am sharing few links below that will help you in your learning curve just in case if you don’t know about forks.

Now coming straight to the hard fork drama so that we can address some of the basic questions that usually arise when a fork is done.

So I will cover these following important points in this write-up.

• What is this fork called and when is it happening?
• Why is this fork happening and who is doing it?
• How will Bitcoin Diamond solve these problems?
• Total supply of coins and their economics
• Who’s supporting this fork?
• Do you need to worry?
• What do you need to do to benefit from it?
• My final thoughts on the fork

1. What is this fork called and when is it happening?

This brand new Bitcoin hard fork is called Bitcoin Diamond and is dubbed as BCD.

This new Bitcoin hard fork is happening tomorrow sometime i.e. (24th November 2017) at block height 495866 according to their official website.

It is a friendly fork meaning that it is not being done to compete with original Bitcoin but it is being done for reasons that I will explain further in this post.

Their official definition and explanation of Bitcoin Diamond:-

Bitcoin Diamond (BCD) is a fork of Bitcoin that occurs at the predetermined height of block 495866 and therewith a new chain will be generated as the BCD. Bitcoin Diamond miners will begin creating blocks with a new proof-of-work algorithm, and will consecutively develop and enhance the protection for account transfer and privacy based on original features of BTC. This will cause a bifurcation of the Bitcoin blockchain. The original Bitcoin blockchain will continue unaltered, but a new branch of the blockchain will split off from the original chain. It shares the same transaction history with Bitcoin until it starts branching and coming into a unique block from which it diverges. As a result of this process, a new cryptocurrency was created which we call “Bitcoin Diamond”.

2. Why is this fork happening and who is doing it?

As per their official website, this fork is done by two team members who have pseudonyms. They are known as EVEY and 007 who are reportedly miners according to newsbtc.com

They are forking Bitcoin because they don’t see the actual Bitcoin scaling and serving the needs of growing users.

Namely, they have stated because of following problems they are forking BTC into Bitcoin Diamond.

• Lack of privacy protection in BTC
• Slow transaction confirmations in BTC transactions.
• High threshold for new members.

So they have decided to change all this by making a better version of Bitcoin, with better features.

3. How will Bitcoin Diamond solve these problems?

Bitcoin Diamond will solve these problems by doing following things:-

• It will provide privacy protection by encryption.
• It will provide fast transaction confirmations by increasing the block size to 8 MB.
• It will lower the cost of participation threshold by increasing the total supply of coins.

4. Total supply of coins and their economics

The total amount of BCD will be 210 million i.e ten times more than the actual BTC. They have said that they will not increase the supply more than this.

Out of this total supply 170 million BCD, will be presented/air-dropped/entitled to the Bitcoin holders for the long-term Bitcoin support in1BTC: 10BCD ratio.

The rest 40 million will be automatically transferred into the community rewards pool as tributes and mining.

5. Who’s supporting this fork?

This part is a quite questionable one because there is not much clarity about it yet and also Bitcoin Diamond has listed quite a few wallets and exchanges supporting them with this note which reads:-

Disclaimer: the Bitcoin Diamond Organization (btcd.io) cannot take responsibility for third-party providers, such as the listed exchanges, wallets, sites, and pools. All links hosted on our domain are by community members and third parties and by clicking on any of the listed links you are accepting the risks of using the third party domain and taking responsibility for any losses, damage or other issues using the said domain. Crypto-currencies are inherently risky and investors and users must remain vigilant.

But still, I will list those exchanges and wallet services here as well as keep updating this section as and when I keep getting more concrete information on them.

BUY/SELL Bitcoin Diamond Exchanges Here

• Binance-Supported pairs BCD/BTC, BCD/ETH
• Yobit-Supported pairs BCD/BTC, BCD/ETH, BCD/RUR, BCD/USD
• Gate.io

There are some more exchanges but we really don’t trust them so as of now you can trade Bitcoin Diamond futures here until the late December when the main net launches.

In late December 2017, Mainnet and wallet will be published, code open source in @github and would be mineable, stay tuned for more updates. pic.twitter.com/gUILGpcQqh

— Bitcoin Diamond (@BitcoinDiamond_) November 29, 2017

Note: We don’t recommend you to use the above-listed wallets because we don’t trust BCD yet and have not reviewed these wallets. Also, Ledger doesn’t support BCD as of now.

6. Do you need to worry?

Not really, why does anybody actually need to worry because they are just an altcoin!

Moreover, you will be getting BCD in 1 BTC: 10 BCD ratio which is a free money and free money is always good.

Also, they have stated on their official website that they have made changes in BCD trading format that will prevent replay attacks.

So if I just go by what the BCD people are saying then we should not worry because replay protection is there.

7. What do you need to do to benefit from it?

Now the million dollar question what do you need to do to claim your free BCD and enjoy this benefit. (We will publish how to claim your BCD as soon as the fork happens)

But for now we suggest you take care of the following things for maximum security and benefit during this fork:

1. Avoid transactions for some days till the dust settles to avoid replay attacks because we really don’t know yet how good is their replay protection.
2. Keep your Bitcoin private keys with you, not on a third party exchange like Coinbase.
3. Use hardware wallets like the Ledger Nano S and Trezor. Last time, during the Bitcoin Cash & Bitcoin Gold fork, these two hardware wallets were the first to support the forked coin.
4. If you don’t have a hardware wallet, use software wallets like Mycelium, Jaxx, Coinomi, and Exodus to control your private keys.
5. You can also use a paper wallet or brain wallet.
6. If you hold your keys in a paper wallet or software wallet, wait for instructions on how to access your BCD coins.
7. .You can keep your BTC on a BCD supported exchange also if you need quick access to your BCD but this is highly risky and not recommended from us. So if you do so then please do it at your own risk

My final thoughts on the Bitcoin Diamond fork

After the successful fork of Bitcoin Cash and Bitcoin Gold, it will be highly underestimating to do away this fork because they are doing something unique with Bitcoin fork, in a different way.

Also, I think they will be a 100% mined coins because they are moving 40 million for other purpose or else I can be wrong because maybe they launch themselves with reduced ratio or denominations which is still not very clear from them yet officially.

But surely if this fork happens it will survive and will have marketplace because of the following reasons that I think:-

• BCD is GPU minable coin with optimization of X13 proof of work
• BCD is having segwit
• BCD is having privacy features which no fork of Bitcoin has it yet.
• BCD is GPU minable plus with increased block size.

These all are very low entry barriers for miners, developers, users and traders so that’s why I think this will survive because pretty a coin needs these many things only to survive. And as per their released roadmap, they look serious but the roadmap doesn’t look so impressive.

Yet I can be wrong so let’s meet again and see what happens at the other end of block 495866 i.e. after the fork.

Update 1: BCD has forked and if you are trying to claim it now in your wallet then you won’t be able to do so because the blockchain is still not live. It will be live until the late December 2017. But if you wish to buy/sell BCD futures then I have listed some of the exchanges above. Also, soon CoinSutra will be coming up with how to claim BCD from wallets and the list of exchanges where you can actually sell your BCD from your wallets when the blockchain goes live.

Update 2: Scam wallets are out for Bitcoin Diamond that are trying to get hold of your BTC seed keys/words so be aware of them and don’t put your keys/seed unless you are very sure about them. Here is our alert to the CoinSutra community.

🚫 https://t.co/sjZNHAfJfg🚫 Scam Alert. Don't use this wallet to claim your Bitcoin Diamond it is a scam to steal your bitcoins.

Update 3: There will be two more Bitcoin forks in the near future very soon. We are studying them and will be back with as much as possible info on them so that our community can safely benefit from it.

Now it is the time that: You share this post with your friends on Twitter & Facebook who are HODLing BTC so that they can also benefit from this fork. Also, do share your thoughts and questions in the comment section below. I will be waiting for them 🙂

Official Resources:-

Here are more articles for further reading:

What is a Bitcoin fork?

There has been significant news coverage and developments in recent weeks about changes to digital currency networks. These are sometimes called “forks”. We wanted to provide a simple, non-technical explanation to add context to recent discussions (previous blog posts here and here).

What is a “fork”?

A “fork” is a change to the software of the digital currency that creates two separate versions of the blockchain with a shared history.

Forks can be temporary, lasting for a few minutes, or can be a permanent split in the network creating two separate versions of the blockchain. When this happens, two different digital currencies are also created.

Why are changes made to digital currency protocols like Bitcoin and Ethereum?

Coinbase currently supports 3 digital currencies — Bitcoin, Ethereum and Litecoin. Each of these digital currencies use open-source software protocols with independent development teams responsible for changes and improvements to the network, much in the same way that changes to internet protocols allow web browsing to become better over time.

Our mission is to create an open financial system for the world and we believe digital currencies will be fundamental in achieving this mission. However, many of these digital currencies are still in early development. Making improvements to the software — such as the number of transactions the network can support — is crucial to creating finance 2.0.

Why do forks happen?

There are a few reasons why a fork can happen. For example, when a change is proposed to a digital currency protocol, users need to show their support for the new version and upgrade — in a similar way to people regularly update applications on their computer. 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.

What does this mean if I have digital currency stored on Coinbase?

Coinbase actively monitors protocol developments and works hard to ensure customer funds are safe in these events. Our policy is to support only one version of a digital currency. In order to determine which fork to support we look at factors such as size of the network, market value and customer demand. We make this decision carefully because safely supporting a new digital currency requires significant work for many teams.

We will keep users informed about these events through our blog, status page, twitter and supported assets page.

Bitcoin Network Shaken by Blockchain Fork

Yesterday, the Bitcoin network experienced one of the most serious hiccups that we have seen in the past four years. Starting from block 225430, the blockchain literally split into two, with one half of the network adding blocks to one version of the chain, and the other half adding to the other. For the next six hours, there were effectively two Bitcoin networks operating at the same time, each with its own version of the transaction history. The split lasted for 24 blocks or 6 hours, finally resolving itself when one version of the chain conclusively pulled ahead of the other at block 225454, leaving the other chain largely abandoned, with only a small number of miners that are incapable of recognizing what has now become the main chain still mining it, while the bulk of the network quickly returned to normal.

The fork was first noticed at about 23:30 GMT on Monday, March 11, when “thermoman” on the bitcoin-dev IRC channel mentioned that “some client told my client it (the other host) had 225431 blocks, but blockexplorer says that currently the block count is at 225430″. Some other blockchain resources also showed 225430 blocks. Over the course of the next thirty minutes, other users started reporting more strange reports from Bitcoin client logs. Bitcoin developer Peter Wuille (“sipa” on IRC) claimed that he was on block 225435, and then soon 225439, while other sources were still reporting 225431. At 00:00 GMT March 12, sipa posted “I wonder if there’s something that triggered it on the network, a large reorganization or so”. It turned out that a blockchain reorganization, an event that happens when a client discovers a new blockchain longer (and therefore more likely to be valid) than the one it was working with before, and switches to it, was indeed what happened, and over the next few minutes everyone realized what was going on: a blockchain fork.

What had happened was the following. The latest version 0.8 release of bitcoind, by far the most popular implementation of Bitcoin used by miners, switched the database that it used to store blocks and transactions from BerkeleyDB to the more efficient LevelDB as part of an effort to reduce blockchain synchronization time. However, what the developers did not realize at the time was that by doing so they also accidentally introduced a change to the rules of the Bitcoin protocol. In order to make an update to the database, the database process must make a “lock” on the part of the database which stores that particular item of information, a mechanism implemented to prevent two changes from occurring simultaneously and accidentally corrupting the database. In a b-tree, the data structure used by BerkeleyDB to store objects, two locks are required per update. However, BerkeleyDB requires its users to set a limit to the number of locks that can be made at the same time; “If the values are too small,” the FAQ page warns, “requests for locks in an application will fail. If the values are too large, the locking subsystem will consume more resources than is necessary.” In the case of Bitcoin, the limit was 10,000. What happened in block 225430 was that a single block simultaneously affected the status of over 5,000 transactions, requiring more than 10,000 locks on the b-tree to be made at the same time. As a result, the BerkeleyDB failed, and so the older bitcoind 0.7 (and earlier versions) could not read the block. In the case of bitcoind 0.8, LevelDB has no such restrictions, so it could accept such blocks just fine. Because the Bitcoin protocol builds up the transaction history, used primarily to calculate and agree on everyone’s account balances, by creating new blocks representing roughly ten-minute time intervals’ worth of transactions on top of existing valid blocks in a chain (hence, “blockchain”), miners using bitcoind 0.8 started building up a version of the blockchain that included the offending block, while miners using bitcoind 0.7 rejected it and started working on a another blockchain of their own. Ordinary users using BitcoinQt 0.7 or platforms that rely on bitcoind 0.7 as a server saw the 0.7 fork, and everyone else saw the 0.8 fork.

With the fork in progress, the Bitcoin developers had a choice: do they support the 0.8 fork or the 0.7 fork? Ultimately, there could only be one; a monetary system cannot function if there are two different databases of how much money each person has. The 0.8 fork had much more computing power behind it, and was already eight blocks ahead by the time the community could muster any effort toward fixing the problem, and upgrading to 0.8 is something that will have to be done eventually. On the other hand, if the 0.8 fork took over, thousands of users on 0.7 would be forced to upgrade in order to use Bitcoin at all, something which would not happen if the 0.7 fork took over since both versions of bitcoind can read it. The developers quickly settled on 0.7, and the community set to work on the next task: notifying major miners and mining pool operators of what they need to do.

Over the next few hours, nearly every major Bitcoin developer and mining pool operator joined the bitcoin-dev IRC channel. Major mining pools that were using bitcoind 0.8 shut down, downgraded to 0.7, and switched back on. Merchants were also notified; most large businesses, including BitcoinStore, BitPay, SatoshiDice and MtGox, shut down deposits to protect themselves from double spend attacks. BitPay quickly turned themselves back on once their servers were on the 0.7 fork; “safe mode alerted us there’s a problem,” BitPay’s Tony Gallippi writes. “That’s when Steve jumped on IRC to see where the consensus was going, and we were back in business very quickly.” Progress on switching hash power to 0.8 appeared to be slow at first, and at block 225451, the 0.8 chain was 13 blocks longer than 0.7. But that was the furthest that the 0.8 chain would get ahead. By then, the two chains were growing roughly in lockstep, and at about 03:30 the tipping point came. The 0.7 chain quickly caught up to being only 10 blocks behind, then 8 blocks, and at 06:19 both chains converged to the same length at block 225454, leading to nearly all remaining miners abandoning the other.

This incident will go down in history as one of the closest moments that we have come to the underlying Bitcoin protocol actually failing. But it is not the most serious breach ever made. In August 2010, a transaction in block 74638 contained two outputs summing to over 184 billion – just over 2^64 satoshis. The result was an integer overflow bug, the digital equivalent of a mechanical odometer wrapping around to zero after the car drives 999,999 kilometers. The overflow caused the software to think that the transaction contained only a small amount of BTC while in reality the outputs together had thousands of times more than the 21 million that should ever exist. A new version of the Bitcoin software had to be published, the blockchain was forked, and a new, valid, chain overtook the old one at block 74691 – 53 blocks after the original fork. This time, it only took 24 blocks, and it was not even a life-critical threat to the system – if the developers had done nothing, then Bitcoin would have carried on nonetheless, only causing inconvenience to those bitcoind and BitcoinQt users who were on 0.7 and would have had to upgrade. The economic damage was significant, but fairly small; the only monetary losses that have been reported are the $26,000 USD worth of mining block rewards from the 24 mined blocks of 25 BTC that are now forever lost in the now abandoned chain, as well as a $10,000 double spend against OKPay. Aside from the lost mining revenue and this double spend, transactions were not affected and no bitcoins were “lost”; any transaction that was included in the now abandoneded chain was included in the new chain as well, so any bitcoins that were spent during the fork are now at their proper destinations.

In a way, this was the best possible time for such a thing to happen. The Bitcoin price was on a steady uptrend, and so the 24% drop in price that occurred at the time of the incident was quickly reversed, and as of the time of this writing Bitcoin stands at $44-$46, down from $48 the day earlier but up from $36 one week before. Public media attention on Bitcoin is very much positive, and rather than attacking Bitcoin as they would have in 2011 many journalists actually praised the Bitcoin development team on their rapid response. Ars Technica’s Timothy B Lee wrote a neutral piece on the event, writing that “the incident will be an important test of the cryptocurrency’s decentralized governance structure”, and an article at ecurrency.ec on the subject was entitled “Bitcoin software bug has been rapidly resolved”.

However, the incident opens up serious questions about the nature of the Bitcoin protocol, and puts into the spotlight some uncomfortable facts about Bitcoin’s notion of “decentralization”. Most security protocols, including encryption algorithms, hash algorithms and full-scale protocols, have dozens of implementations in many different programming languages, and the protocol specification is determined by a clear standard against which any individual implementation can be checked for compliance. In the case of Bitcoin, however, things are different. Although there is technically a standard on the Bitcoin wiki pages, it has at times been poorly updates, and the reality is that the bitcoind implementation is the standard, and nearly all miners on the Bitcoin network are using some version of it. There are a few alternative implementations, the most complete one being Amir Taaki’s libbitcoin, with Mike Hearn’s BitcoinJ (written in Java) close behind, but so far they have gained very little traction in use with mining, and, what’s more, there is a small portion of the Bitcoin development community which is actively against the idea of using multiple codebases.

Fortunately, most Bitcoin developers do not support this viewpoint, although many have come out in favor of keeping a healthy level of prudence. Mike Hearn wrote the following on the Bitcointalk forums in June 2011:

Gavin wrote to me only days after the BitCoinJ release to tell me how happy he was to see an alternative implementation. Satoshi expressed very similar sentiments. Nobody is against alternative implementations.
What some people, especially Satoshi, have said is that there’s an unusual amount of risk involved with reimplementing the full system and using that reimplementation to mine. Bitcoin is very complex and if you aren’t skilled and very thorough you are likely to diverge from its behavior in small, hard to detect ways. This can fork the chain and split the economy. It’s one of the few things that could instantly kill Bitcoin beyond legal harassment of its users.

Lead Bitcoin developer Gavin Andresen replied to another poster in the same thread: “Really? I’ve been encouraging alternative implementations, who is the power-hungry core developer?”, and in November 2012 he wrote in a Bitcoin Foundation update that “part of the solution is to encourage alternative implementations that make different trust/convenience tradeoffs than the reference implementation. There has been a lot of behind-the-scenes work on cross-implementation testing (the “testnet3″ blockchain contains hundreds of transaction validation test cases, for example), and new features are being added to the protocol to support alternative implementations”

But alternative implementations are not just useful for supporting different trust/convenience tradeoffs. They are also crucial in making Bitcoin’s claim of decentralization a reality. If there had instead been five distinct Bitcoin implementation in use at the time of the fork, what would have happened is that one of the five would have recognized the wrong blockchain and forked off, leading to a loss of revenue for a small number of miners and requiring the users of clients using that implementation to upgrade. The aberrant implementation’s fork of the blockchain would end up much weaker than the others right from the start, so the risk of double spend attacks would be minimal. One can argue that there will be a greater number of forking incidents with more implementations, but each one will be smaller in effect, and testing all implementations together on the testnet before release would reduce the number of bugs that slip into production software to about the same frequency as we see today.

The other aspect of Bitcoin’s decentralization that this incident calls into question is that of mining pools. The reason why the controlled switch to the 0.7 fork was even possible was that over 70% of the Bitcoin network’s hash power was controlled by a small number of mining pools and ASIC miners, and so the miners could all be individually contacted and convinced to immediately downgrade. Another article on the fork reads [Russian]: “the real problem is not even in the code supporting the Bitcoin network; bugs are everywhere. Rather, it’s the matter of who controls it. This event clearly showed that even such a well thought-out system is controlled by the will of a very small number of people – particularly, the operators of mining pools. Over 70% of new blocks right now are being found on pools, and not on individual solo miners. The underlying idea of the system was that the benevolent majority can stop a small number of attackers, but in the present time it is simply not working. The winner in a possible takeover will be the one with greater computing power, and no one else.” Bitcoin is clearly not at all the direct democracy that many of its early adherents imagined, and, some worry, if a centralized core of the Bitcoin community is powerful enough to successfully undertake these emergency measures to set right the Bitcoin blockchain, what else is it powerful enough to do? Force double spends to reverse million-dollar thefts? Block or even redirect transactions known to originate from Silk Road? Perhaps even modify Bitcoin’s sacred 21 million currency supply limit?

However, a strong argument can be made that such fears are very unlikely to materialize. The reason why has nothing to do with the specific identities of the Bitcoin mining pool operators or the cohesiveness of the Bitcoin mining community; rather, it’s the fact that Bitcoin mining is still in fact quite decentralized; it simply is decentralized in a different way. Taking a political analogy, the closest equivalent would be a liquid democracy: a hybrid of direct and representative democracy where people can either vote for individual bills by themselves or assign politicians – with the proviso that if they do not like what a given politician is doing they can switch to assigning their voting power to someone else at any time. Back in the world of Bitcoin, although much of the Bitcoin network’s hash power is concentrated with mining pool operators in practice, every individual miner can switch from one pool to another almost instantly, so if a coalition of mining pool operators decides to start violating the Bitcoin protocol miners can simply switch to any pool that remains honest, instantly depriving the miscreants of their power. Although no mining pool has attempted to actively subvert the Bitcoin protocol so far, this kind of “voting” has been done before; in 2011, there were several incidents where the mining pool Deepbit pushed above 50% of the total network hash power, and in each case there was a mass exodus of miners toward other pools to balance things out. Although the nominal power may rest with the mining pool operators, the feedback of the community is always only one step away.

Altogether, the incident was handled very well, and all parts of the Bitcoin community should congratulate themselves for their speedy resolution of the problem and their unconditional cooperation. The Bitcoin community is not always in perfect harmony; Bitcoin gambling site SatoshiDice and a number of Bitcoin developers, notably Luke Dashjr, are usually at odds over concerns that SatoshiDice’s large transaction count is bloating the Bitcoin blockchain, but yesterday differences were laid aside as the community worked together to solve the problem. We also learned a lot, and merchants are likely to be much more prepared for such incidents in the future, perhaps implementing techniques like automatic fork detection to handle forks and avoid double spends without immediate manual intervention. Before today, many people knew that some test for the Bitcoin network would come, whether at the 1 MB block size limit or else where, but just how the community would handle such a thing was an unknown. Now, the test has come and gone, and how the Bitcoin community handled the test is known to everyone: we passed with flying colors.

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Your search engine does not find any satisfactory results for searches. It is too weak. Also, the server of bing is often off

I created a yahoo/email account long ago but I lost access to it; can y'all delete all my yahoo/yahoo account except for my newest YaAccount

I want all my lost access yahoo account 'delete'; Requesting supporter for these old account deletion; 'except' my Newest yahoo account this Account don't delete! Because I don't want it interfering my online 'gamble' /games/business/data/ Activity , because the computer/security program might 'scure' my Information and detect theres other account; then secure online activities/ business securing from my suspicion because of my other account existing will make the security program be 'Suspicious' until I'm 'secure'; and if I'm gambling online 'Depositing' then I need those account 'delete' because the insecurity 'Suspicioun' will program the casino game 'Programs' securities' to be 'secure' then it'll be 'unfair' gaming and I'll lose because of the insecurity can be a 'Excuse'. Hope y'all understand my explanation!

I want all my lost access yahoo account 'delete'; Requesting supporter for these old account deletion; 'except' my Newest yahoo account this Account don't delete! Because I don't want it interfering my online 'gamble' /games/business/data/ Activity , because the computer/security program might 'scure' my Information and detect theres other account; then secure online activities/ business securing from my suspicion because of my other account existing will make the security program be 'Suspicious' until I'm 'secure'; and if I'm gambling online 'Depositing' then I need those account 'delete' because the insecurity 'Suspicioun' will program the casino game 'Programs' securities' to be… more

chithidio@Yahoo.com

i dont know what happened but i can not search anything.

Golf handicap tracker, why can't I get to it?

Why do I get redirected on pc and mobile device?

Rahyaftco@yahoo.com

RYAN RAHSAD BELL literally means

Question on a link

In the search for Anaïs Nin, one of the first few links shows a picture of a man. Why? Since Nin is a woman, I can’t figure out why. Can you show some reason for this? Who is he? If you click on the picture a group of pictures of Nin and no mention of that man. Is it an error?

Repair the Yahoo Search App.

Yahoo Search App from the Google Play Store on my Samsung Galaxy S8+ phone stopped working on May 18, 2018.

I went to the Yahoo Troubleshooting page but the article that said to do a certain 8 steps to fix the problem with Yahoo Services not working and how to fix the problem. Of course they didn't work.

I contacted Samsung thru their Samsung Tutor app on my phone. I gave their Technican access to my phone to see if there was a problem with my phone that stopped the Yahoo Search App from working. He went to Yahoo and I signed in so he could try to fix the Yahoo Search App not working. He also used another phone, installed the app from the Google Play Store to see if the app would do any kind of search thru the app. The Yahoo Search App just wasn't working.

I also had At&t try to help me because I have UVERSE for my internet service. My internet was working perfectly. Their Technical Support team member checked the Yahoo Search App and it wouldn't work for him either.

We can go to www.yahoo.com and search for any topic or website. It's just the Yahoo Search App that won't allow anyone to do web searches at all.

I let Google know that the Yahoo Search App installed from their Google Play Store had completely stopped working on May 18, 2018.

I told them that Yahoo has made sure that their Yahoo members can't contact them about anything.

I noticed that right after I accepted the agreement that said Oath had joined with Verizon I started having the problem with the Yahoo Search App.
No matter what I search for or website thru the Yahoo Search App it says the following after I searched for
www.att.com.

WEBPAGE NOT AVAILABLE
This webpage at gttp://r.search.yahoo.com/_ylt=A0geJGq8BbkrgALEMMITE5jylu=X3oDMTEzcTjdWsyBGNvbG8DYmyxBHBvcwMxBHZ0aWQDTkFQUEMwxzEEc2VjA3NylRo=10/Ru=https%3a%2f%2fwww.att.att.com%2f/Rk=2/Es=plkGNRAB61_XKqFjTEN7J8cXA-
could not be loaded because:
net::ERR_CLEARTEXT_NOT_PERMITTED

I tried to search for things like www.homedepot.com. The same thing happened. It would say WEBPAGE NOT AVAILABLE. The only thing that changed were all the upper and lower case letters, numbers and symbols.
Then it would again say
could not be loaded because:
net::ERR_CLEARTEXT_NOT_PERMITTED

This is the same thing that happened when Samsung and At&t tried to do any kind of searches thru the Yahoo Search App.

Yahoo needs to fix the problem with their app.

Yahoo Search App from the Google Play Store on my Samsung Galaxy S8+ phone stopped working on May 18, 2018.

I went to the Yahoo Troubleshooting page but the article that said to do a certain 8 steps to fix the problem with Yahoo Services not working and how to fix the problem. Of course they didn't work.

I contacted Samsung thru their Samsung Tutor app on my phone. I gave their Technican access to my phone to see if there was a problem with my phone that stopped the Yahoo Search App from working. He went to Yahoo and… more

BTC Private fork – Zclassic + Bitcoin fork

The crypto-marketspace is getting forked from a fork which was a fork. Bitcoin Private has just become a copy of the Zclassic cryptocurrency which is a Zcash initiative, which, previously was a copy of BTC.

As absurd as it sounds, it’s all in the spirit of new innovations.

Rhett Creighton, co-founder of the Stealth Blockchain project and a leading member of BTC Private institution stated:

“The big experiment with airdropped coins was that they’ll just fail, and if people are getting free coins, they’ll just immediately sell them and it will dump down to pennies”

Bitcoin Cash, Bitcoin Gold and Ethereum Classic – three high-profile hard forks are now valued at $1,285, $115 and $34, respectively.

It’s a win-win situation for all who already have invested in large amounts of BTC, as these launches mean a big gain with very little effort.

From a real-world financial point of view, Zclassic was not exactly a success, as it suffered all throughout 2017, falling under $2, while ZCash rested at $100.

Creighton also added in his Twitter post last week:

“I would like to propose revitalizing zclassic by migrating it to become a bitcoin hard fork, ‘Bitcoin Private’ (or possibly another name)”

Creighton, in his interview with the Telegram Channel, said that although he had not ventured in writing codes or even setting up the website, his concept had taken a form and come up to life.

BTC Private now seems to be the peak of this whole forking phenomenon and has been getting huge negative reception from crypto-enthusiasts from all over the world.

Peter McCormack a well-known crypto-trader and miner dissed the whole situation by terming it as ‘brand stealing’ and ‘unnecessary’.

But BTC Private has also gained a significant amount of interest for distributing this new cryptocurrency for free to all the users of not just one blockchain but two, namely, Zclassic and BTC.

As the cryptocurrency market is growing, it’s traffic is like never before and high fees and slow transaction rates are becoming a concern.

BTC Private is aiming to increase the block size for each blockchain. They have promised a speed increase of around four to six times to the transaction speed of BTC with a significant reduction in fees.

BTC Private’s ability to upgrade its implementation methods allows the cryptocurrency to expand the bandwidth of its transactions and eliminate the slow speed due to overcrowding.

According to CoinDesk:

“So you have in the case of bitcoin, all these people have their private keys, but when forks spring up now the same private key can be used in different peer-to-peer networks. It seems to be a key piece to the technology.”

Creighton calls this an innovation:

“No one has ever done a fork like this.”

And he is probably right. The mechanisms and propositions that it takes to create a fork of a fork are a highly complex and is an enormous process.

BTC Private is trying to reinstate the Zcash founder fee, which is the line of code that allocates around 20% of the cryptocurrency generated by mining to the Zcash operations team. This was the actual proposition of Zclassic which BTC Private is forking from. Unfortunately, ZClassic failed to keep pace and its wallets are corrupting and are finally being shut down in a recent Bittrex Exchange.

According to the Private Bitcoin whitepaper,

“Zclassic suffered from the same ideas which it derived its greatness: the absence of a founder’s tax led to a lack of active development.”

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Litecoin [LTC] becoming a high-publicity digital asset with active development calendar

Coincheck under trial – Lawsuit filed by 132 investors for the NEM hack

Prajit has graduated from St. Xavier's Kolkata, his interests in blockchain and cryptocurrencies have led him to work with AMBCrypto as a News reporter.

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Goldman Bogart HODLs onto Bitcoin [BTC] Bandwagon

The phrase, “Don’t count your chicken before they hatch”, goes into play when it comes to Spencer. According to a recent interview by CNBC, he believes Bitcoin [BTC] is still an investment and a good buy.

The Bitcoin market has fallen immensely in the past weeks. However, Spencer Bogart had given an outline of a bullish act when looked at in long terms.

“The long-term thesis is very much intact… The institutionalization of Bitcoin is absolutely occuring…Every major bank is trying to do something in the space. Either they’re going to be offering Bitcoin to their clients, they’re working on a custody platform or they’re opening up a trading desk.”

He even went to the extremes of saying that BTC is the only coin investors and traders should buy, as it peaks into the mainstream.

The Venture Capitalist partnered at Blockchain Capital said:

“Every major bank is trying to do something in the space.”

He further added:

“Either they’re going to be offering bitcoin to their clients, they’re working on a custody platform or they’re opening up a trading desk. A deeper institutionalization of bitcoin is overall positive.”

Currently, there are negative performances in the cryptocurrency market and it’s continuing on that path. It surged around $19,500 last December and has fallen to more than 50% since the January 2018. Bitcoin is trading at $7471 with an increase of 2.58% in the past 24-hours and has seen a downfall of 9% in the past week, at the time of writing.

He is known as the first analyst of Wall Street to cover and analyze Blockchain and Bitcoin Technology. Bogart had recommended the investors to sell the coins – Tron, NEO, and IOTA.

“A lot of those tokens are overvalued. They could go up significantly, but they also have a significant headwind.”

He also suggests investing in alternative coins such as Ripple [XRP], Ethereum [ETH], EOS, and Bitcoin Cash [BTCH], those which he had called neutral. He advised the investors to HODL those coins at the present, stressing on the cons of relative valuation.

He further mentioned that he is careful with the coin, Ethereum. He said that it has overhangs due to plenty of ICOs.

Bogart forecasted that BTC will end at least above $10,000 by December 2018, mentioning that the large-cap coin will face turbulence in the market.

quasim ali, a cryptozoologist on Twitter commented:

“Bcash is on a losing streak as well. How about we FODL that and HODL btc.”

Robert Almeida commented:

“HODL is a term created by whales. If I had simply hoddled Id be where everyone else is. No thanks. I’m not a sheep and that’s why I move my BTC in and out of Fiat. I’ve pulled 10s of thousands in cash out while still buying back in and ending up with more BTC. #hodl #sheep”

“Why don’t you just stop reporting on #Bitcoin…. That’s a much better option. Once again you loons are just trying to be in something acting like you know something. You know nada!”

Joseph Young tweeted:

“Two words I really don’t want to hear this week: Institutional Investors.”

Why does Cardano [ADA] have multiple test nets scheduled? How are they distinct from each other?

Input-Output [IOHK]’s director of engineering, Duncan Coutts, introduced the release of their first test net and explained the further test nets that are scheduled. They are building test nets for various reasons. Two test nets were planned, out of which one was launched yesterday and the other scheduled for July.

Both are distinct, one which is about additional features such as tech previews and is the kind of ongoing test net which runs forever and is going go to be in the next version as well. So, it is an important distinction between the two because they are for different purposes.

So, an overview of this currently launched test net implies, it should be available at any time for anyone who wants to perform system integration, testing or whatever is associated. It also lets users see what is to be done as part of the rolling development and rolling releases.

The purpose is for the end users to see what is going on and to try out new things. They have two different test nets but both have Ethereum EVM related features. Ultimately, Cardano will support EVM legacy compatibility with existing EVM programs.

Two different test nets, one of which is the rolling style and the other one that corresponds very closely to what the current main net is, gets updated every seven weeks or so. Hence, the period of test net might only be a week or two between when its rolled out publicly. They are expecting multiple test nets to run parallelly and one of them to run for quite a long time with many updates in between.

Reagan Dunagan, a Twitterati said:

“I think IOHK does AMAZING work in research, but please stay on top of things enough to not have to push things back further. It was initially stated for Q1 decentralization, then Q2, but now back end of Q3. Isn’t ADA supposed to work with Metaps+ in Q3? W/o decentralization?”

The founder of IOHK, Charles Hoskinson replied to this with a tweet:

“You want us to get 51% attacked? This might be last man standing.”