Bitcoin forks; Bitcoin Cash the most successful

Just as we have in business world, having business and people splits so as to have their own separate entity, or still under the company but working differently, we also have it in Crypto world where a token is born out of a coin, maybe to improve the product or to have a separate product given it another name, and Bitcoin Cash was no an exception.

There are quite a lot of product/projects that are referred as Bitcoin fork, so far there are 105 Bitcoin Fork projects in total if i am not mistaken, of which 74 are considered as Active Projects, while the remaining 31 are considered as historic and no longer relevant.

We have Soft Fork and Hard Fork, just as i have explained earlier, fork is a partial or total change to the software of a digital currency that leads it to creating a two separates versions of the blockchain, birthing a new digital currency (forked version).

Hard Fork is radical change that happens to a network protocol, which often makes previous protocol, blocks or transactions to be valid and running, in the process of hard fork, the network requires all nodes or users to upgrade to the latest version of the protocol software, and the perfect example of hard fork tokens are; Bitcoin Cash and Bitcoin Gold etc.

On the other hand, soft fork is only a change to the software protocol where only previously valid transactions are made invalid, which means it still runs on the previous network and not totally independent, also old nodes will recognize the new blocks as valid, this is like a backward compatible.

Major Bitcoin Forks Tokens:

• Bitcoin Cash: Our dear Bitcoin Cash emerged as a result of hard fork that happened from Bitcoin in August 2017, the Bitcoin community proposed a segwit2x, purposely to scale up the blockchain by increasing the block size and lowering transaction fees, but they noticed, this segwit2x would burden the miners and node operators to store excessive data, this proposal led to the creation of hard fork; Bitcoin Cash. Meanwhile Bitcoin Cash is the largest fork of the Bitcoin network and since creation is considered as electronic cash, the block size after creation was 32Mb while the BTC has a block size of just 1MB, one of the reason for the creation was to have a coin with a lower and faster transaction and Bitcoin Cash has it all perfectly with a 200PTS than 5-7 TPS of Bitcoin, even though Bitcoin Cash later forked into Bitcoin Cash ABC and Bitcoin Cash Node. Bitcoin Cash is still the most successful of the Bitcoin Hard fork with a market cap of $6.7 billion dollars and prepared to take over digital currency to be used by the world, with major characteristics of; lower transaction fees, faster transaction, digital cash, making it permission less, limited supply, peer to peer kind of transaction, uncensorable, decentralized and reliable.

• Bitcoin Gold (BTG): The creation or fork of Bitcoin Gold changes the proof of work Algorithm of Bitcoin to allow CPU and GPU mining. BTG can be mined by regular computers, which allows anyone with a regular computer to mine Bitcoin Gold. This is a hard fork of Bitcoin and its an open source decentralized digital currency as claimed without a central bank or intermediary, just like we have it in Bitcoin Cash, peer to peer kind of transaction is included here too. It was also forked in October 2017 and has a total supply of 21million just like we have it in Bitcoin Cash with a current price of $34 and market cap of over $605million and a market rank of number 120

• Bitcoin God: This is claim to be a borderless non profit peer to per organization with a vision to leverage a decentralized platform to solve the many problems created by God, well that may sounds funny. Bitcoin God has a total supply of 21million like the rest, with a current price of $7.19.

• For a record purpose we also have:

  Big Bitcoin, Bitclassic Coin, Bitcore, Bitvote, Bitcoin 2, Bitcoin air, Bitcoin Atom, Bitcoin Candy, Bitcoin Clashic, Bitcoin Clean, Bitcoin Cloud, Bitcoin Core, Bitcoin Diamond, Bitcoin File, Bitcoin Hush, Bitcoin King, Bitcoin Lambo, Bitcoin Pay, Bitcoin Nano, and many mote of the hard fork.

Bitcoin Cash out of them all has become successful, securing itself a big place in the market cap, use case and mission to become the world digital currency, and to top it all we now have SmartBCH chain, a DeFI platform where you can get DeFi tokens at a cheap price compared to Ethereum with high gas fees, its just a matter of time that this would blow up and be noticed by everyone, gradually getting there, moreover that should help the price skyrocket to a bigger level, watch it and fill your bags now that its still cheap, pack more satoshis.

Thanks for Reading!