There are also some security risks, and the Bitcoin Core team strongly cautions users against using so - called web wallets, such as Coinbase, to store or transact with
their coins during the fork.
Bitcoin Cash offers replay and wipeout protection which will protect investors from losing
their coins during forks.
Not exact matches
If you currently have your
coins in a paper wallet or desktop wallet form, then all you have to do is make sure that they are present
during the
fork and you will be entitle to the new LCC.
The
coin was launched in 2017
during a bitcoin
fork to join the likes of bitcoin cash and bitcoin diamond which were also
forked from BTC.
There are a few things that we should keep in mind
during the
fork so as to avoid replay attacks and access your free BTG
coins:
A snapshot of current BTC owners was taken
during the
fork to assign them a 1:1 ratio of the newly minted
coin.
Owning BTC before,
during, and after the split will help to ensure receipt of the additional
forked coin.