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Avoid from this bitcoin fork

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Avatar for Abothe
Written by   54
1 year ago

A bitcoin fork is those cryptocurrency which is simillar to bitcoin but not a bitcoin. They are created due to a slight change in the protocol of blockchain network.Currently There are 105 Bitcoin fork projects in total. Of those, 74 are considered active projects. Of these Bitcoin SV ,Bitcoin Gold and Bitcoin Diamond are one of them. Just like other controversial altcoin some of the Bitcoin hardfork are very fond of controversey and hence need to be aware of because of its bad reputation. Here is three of them

 

  • BITCOIN SV(BSV)

Bitcoin SV (BSV) is a bitcoin hard fork designed by the nChain company.  Here SV stands for Satoshi Version.It was first  launched on  August 16, 2018. The purpose of BSV is  to restore the original Bitcoin protocol. It was created after Bitcoin Cash (BCH).It is a very controversial Bitcoin hard fork and is also a  complete waist of money, made by a man who claims to be Satoshi Nakamoto Craig Wright.Some believed that Graig wright completely artificialy pump the BSV. Binance  the largets exchange in the world  delisted bitcoin SV . Being more contensious BSV has also been removed from many centralised exchange making it hard to buy, sell, or hold. This is mainly due to BSV community member. Where Craig Wright’s unfounded claims that he is Bitcoin creator Satoshi Nakamoto. So jt better to aware of this coin while investing.

 

  • BITCOIN DIAMOND (BCD)

 

Bitcoin Diamond is another extremely controvercial hard fork of Bitcoin . It was launched on November 24, 2017 after block #495,866.  BCD was already a controversal cryptocurrency from the day of launching.

The main reason behind its controversy  is that there was no white paper regarding the project and no community was formed. Above all there was a little information regarding the project.Also it was charged of scam. But till now there is no real proof of any scam. But we have seen a lot of pump and dump on thia coin. Also Kucoin had  issued a warning on BCD after soaring a price of 40x and than crash ultimately. It is almost a dead project.

But still it is traded in all source od exchange including binance. Which means this project is 100% straight up. But investing in somthing which ia pump and dump coin is not benifecial at all. It could lead to a huge lost.

  • BITCOIN GOLD (BTG)

Bitcoin Gold is another most controversial bitcoin hard fork ever which we need to stay away from.Though it have a slight more  development than Bitcoin diamond. But that is not saying much.BTG was hard forked  on October 24, 2017, after block #491407.

Quite Similar to BCD just after it launching controversy sparks against this coin. It was mainly due to service attack on the website .During the attack, 388,000 BTG (worth approximately $18 million USD) was stolen from several cryptocurrency exchanges.  Hence it received many criticism from coinbase  and Bittrex. And it was latter delisted from Bittrex due to unpayment of the damage caused by the attack.

Lately in january 2020 BTG suffer another 51% attack from hacker which lead them to double spend about 72k inorder to make up the lost.When a network is easily able to take it and overrun it is better to stay away from it.And find a better investment coin

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Avatar for Abothe
Written by   54
1 year ago
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Comments

I have read about them already! I was receiving some post and messages about BSV airdrop also! But I didnot give it a try! Thanks for this article.Came out useful for me

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1 year ago

Feel glad to hears that you find this article useful. Yup i sont believe in airdrop except for some of the selcted coin and olatform

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1 year ago

Okay!you can share your legit airdrop list with us in next article if you want! And focus on CNG airdrop if you have some ideas! I need some knowledge about it!

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1 year ago

Sure will surely share with you i can share you with my coinbase airdrop .

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1 year ago

I would love to read it I also use coinbase.

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1 year ago

Sure will shre with you . The airdrio is available for thre toke right now i think. Will share my link

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1 year ago

There is so many controversies with this. Better to stick to BTC and BCH

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1 year ago

Yup fork are hard to believe this days. Better to stivk to the original one instead. In layman terms

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1 year ago

Thank you my brother for echoing this to us. "You see, BTC has only one fork and that is BCH". All other forks are counterfeit, baseless and visionless. That's why you are seeing them dying off soonest.

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1 year ago

Well simaid olad. Only bch is the bitcoin fork we can rely on right now. It just like a drema project for all bitcoin fan

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1 year ago

Hah i see you have a lot of knowledge about cryptocurrency. Write more of this informative articles and let us know too.. thanks for the post

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1 year ago

Hey thanjs alisha. I did many research for this so i got some knowledge and this is what i am sharing

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1 year ago

BSV is controversial yes but it has it's share of very good projects being built on top of it.

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1 year ago

As mention above yes there is some of them like bitcoin cash as it is . But not many like bitcoin cash

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1 year ago

All the spelling errors and grammar mistakes now makes me suspicious that you just copy pasted on things. Hmm. Still a good topic though, just needs a full cleanup. Please.

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1 year ago