The purpose of creating a new
version of bitcoin in the first place was to make the currency more suitable for actual payments rather than buy - and - hold investing.
Dash is one of the oldest anonymity coins to do this, meaning that it's essentially a more
secure version of bitcoin that better protects the identity behind any transaction on the ledger.
If the big
block version of bitcoin goes forward, it will contain an exact replica of the existing bitcoin blockchain — including a record of who owns all of the existing bitcoins.
Besides, traders still appear hesitant to put their money on
other versions of bitcoin as these have suffered low network acceptance.
If most miners get behind the proposed split — and stay behind it — that will likely make the big block version the de facto
official version of bitcoin.
After all, it wasn't so long ago that fees were so high a group of prominent investors and miners created a whole new
version of bitcoin mostly to keep fees lower.
To recap, three months from now, there will likely be three
different versions of bitcoin all attempting to prepare the currency for more traffic in different ways.
According to Bitnodes, as of 10:00 UTC the
latest version of Bitcoin Core 0.13.1, which includes the activation of the SegWit code, was supported by 1726 nodes, or 32.48 % of the network.
SegWit2x didn't please everyone, and a minority of miners later broke off to form a new
version of bitcoin called Bitcoin Cash.
Some commenters see Ripple and Stellar as locked in a battle for supremacy, enacting their
own version of Bitcoin Core vs Bitcoin Cash.
Being both of these, Bitcoin hit my radar almost immediately when Satoshi posted his original white paper about Bitcoin on October 31 2008, and subsequently the first
version of the Bitcoin client software on January 08 2009, to the Cryptography email list.
If more exchanges continue to accept
forked version of Bitcoin along with the original version, it could revive confusion and incompatibility troubles in the future.
According to the official website, Diet Bitcoin will be a lighter,
faster version of Bitcoin set to have a total supply of 1,000,0000 tokens which will be distributed through three different sales levels.
Cex.io will also be enabling trading in two
versions of Bitcoin after the fork and have added the following pairs; B2X / BTC, B2X / USD, B2X / EUR and B2X / GBP.
Jonathan Toomim, who was listed at the top of the developer list on
earlier versions of the Bitcoin Classic site, is now listed as an «external advisor» alongside Ledger editor Peter Rizun.
But if you thought that the launch of Bitcoin futures trading ended with CBOE then wait till 18th December when CME also launches its very own
version of Bitcoin futures trading over its derivative platform.
At this moment in time, I'm unsure which
version of bitcoin cash will be preferred, but it looks like BCH will be the one to stick.
«There's probably going to be another split between the Bitcoin legacy and
Segwit2x version of bitcoin, but from my point of view that just gives me more coins that I can sell for the Bitcoin Cash version.»
«With sidechains you can move forward with a kind of beta
version of bitcoin with real value in it and add some of those features so that the projects that need access to those features can start to use them, add validation to it.
Despite being a new coin in the market, Ver said he is a fan of Bitcoin Cash, which he believes is much more in line with the
original version of Bitcoin.»
The forked
version of bitcoin also replicated the original blockchain's distribution of wealth: Anyone who had five bitcoins on the original chain, for instance, is entitled to five units of the new currency, Bitcoin Cash.
Those signing the letter also called for greater collaboration with the team behind Bitcoin Core, though the wording notably does not preclude those involved from running
test versions of the Bitcoin Classic network.
Bitcoiin was inspired to make a «superior or more
advanced version of bitcoin», signing film actor Steven Seagal as brand ambassador in February because his lifestyle and ethical principles matched the company's ethos.
As our boundary node instructions used the
BTC14 version of Bitcoin, this naturally upset some people that support a rival implementation of Bitcoin called Bitcoin Core.
On Wednesday, a group of bitcoiners scheduled yet another split for the network in November, which would create a
third version of bitcoin.
When you read about Bitcoin and consensus, the first thing that comes to mind is agreeing on the
true version of the Bitcoin blockchain.