August 1st will be quite an interesting day for Bitcoin enthusiasts all over the world.This has disastrous consequences for the entire Bitcoin ecosystem.With a surge in the popularity of cryptocurrencies among the youth, many are now investing.Bitcoin is the currency of the Internet: a distributed, worldwide, decentralized digital money.Even with BIP91 locked in, a split in the Bitcoin blockchain could still happen on August 1.
It brings necessary changes to the Bitcoin protocol without trying to split off a part of the community from the rest.In the last 72 hours, Bitcoin increasingly looks as though it is heading for a user activated hard fork (UAHF) called Bitcoin Cash.Bitmain is clear favor of this New York Agreement, and they will do what they can to fully enforce it moving forward.Whether or not the UAHF will gain support, remains to be seen.Podcast and tagged ASICBoost Bitmain Jihan Wu Jimmy Song Mad Bitcoins MAHF SegWit UAHF UASF.Such is the case with the Bitcoin ABC scaling proposal, which may split the Bitcoin blockchain via a user activated hard fork (UAHF) on August 1.
Bitcoin Cash: Another Fork in the Road for Bitcoin
Giải thích: UASF vs. UAHF – Doom of Bitcoin | Thị trường
It is evident there are multiple camps, each of which is trying to make its solution stick.Bitmain was also one of the biggest Bitcoin Unlimited supporters, and it is possible they will end up with a solution quite similar to BU.
Bitmain Announces Hard Fork Plan to Stop UASF - BitsonlineNext Month Timeline Bitcoin Civil War Can Split the Currency.
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Bitmain Announces Hard Fork Protection Plan Against UASF
ViaBTC Begins Trading Bitcoin Cash (BCC) for Chinese YuanViaBTC Begins Trading Bitcoin Cash (BCC) for Chinese Yuan (CNY) in Anticipation of UAHF.Bitmain feels BIP148 provides no replay protection, whereas the UAHF will ensure this will be the case.This is a supplement to the UASF announcement made on July 15, and concerns the Bitcoin User Activated Hard Fork proposal (UAHF).
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SegWit Versus Segwit2x: Get Ready, Bitcoin Civil WarSince the Bitcoin price broke new all-time highs this year, there has been an increase in the number of fraud attempts targeting Antminer buyers.For Bitcoin investors who are looking to get in on. and will not be converted into BTC on the UAHF chain.Coinbase will not support the new blockchain or its associated coin.
On June 14 the Beijing-based bitcoin company Bitmain released a contingency plan for the upcoming user activated soft fork (UASF). (UAHF) will be deployed.Although the UASF can still cause a chain split, the economic majority should follow this proposal, as they were among the first to officially endorse it.Mining pool and Bitcoin exchange. and will not be converted into BTC on the UAHF chain.
Bitmain, on the other hand, feels a user-activated hard fork is the better solution.Bitmain strongly feels the UASF proposal is a major risk to the Bitcoin. the UAHF is expected to activate 12.OJ Jordan 1,492 views. 10:44. Bitcoin UASF Scenarios and Game Theory with Jimmy.There are quite a few different opinions on how Bitcoin needs to be scaled moving forward.The UAHF will functionally create two different versions of Bitcoin.
Bitmain Responds to UASF With Another Bitcoin Hard. (UASF), as defined by Bitcoin.Do not confuse this proposal with the UASF, though, as these are two very different concepts.That is certainly a possibility, although a large portion of the Bitcoin community is in favor of solving the scaling debate with a soft fork.
Coinbase & GDAX Will Not Support Bitmain's Hard Forked
Bitmain Responds to UASF With Another Bitcoin Hard ForkThe same can be said for the UASF, though, as nothing has been set in stone just yet.
Their decision was made following inquiries from miners and users looking to support Bitcoin ABC.