After all the forks of Bitcoin that have already been implemented it seems like it is not yet enough for the leading cryptocurrency, and the information about more new forks starts to appear. The year of 2017 brought a lot of BTC forks, from famous Bitcoin Cash and Bitcoin Gold to Super Bitcoin, Bitcoin Platinum, Bitcoin Uranium, Bitcoin Cash Plus, Bitcoin Silver and many more. What should we wait for in 2018?
At first, let's clarify the difference between soft and hard forks.
A soft fork is a change to the protocol that restricts the ruleset enforced by full nodes that upgrade to enforce the soft fork rules, while a hard fork is a change to the protocol that loosens the ruleset enforced by full nodes. Hard fork is the changes to the programming of the coin that create incompatibilities between the older and newer version.
Bitcoin Smart (BCS)
Features: 2.1 billion supply, Equihash mining, 8mb block size, Segwit, Replay protection, No premine, Smart Contract
Distribution: 1BTC = 100BCS
Description: Bitcoin Smart (BCS) is an experiment to improve Bitcoin, with integration of smart-contract, new features such as token issuance will be available on Bitcoin and on-chain performance will no longer be an issue. Bitcoin smart test token (BCST) is a sample token for experiment and it will shows how the token issuance system works.
Bitcoin Interest (BCI)
Features: Equihash mining, Savings feature, Every block difficulty adjustment, Segwit, Replay protection, Earn interest
Distribution: 1BTC = 1BCI
Description: Bitcoin Interest (BCI) is a frictionless global payment system focusing on three key areas Technology, Community, and Savings. Its payment system has a new integrated savings technology that allows users to park their coins and earn interest.
Quantum Bitcoin (QBTC)
Features: Lightning Network, 8mb block size, Privacy protection, Replay protection, Pow + PoS consensus, Smart Contracts
Distribution: 1BTC = 1QBTC
Description: Combined with the superiority of the quantum chain, for the first time, QBTC will introduce the leading block technology into the new Bitcoin chain, aiming to open up a whole new world of Bitcoin to create a more innovative, practical and disruptive quantum bitcoin chain system.
Bitcoin LITE (BTCL)
Features: Proof of Stake consensus, Privacy options
Distribution: 1BTC = 1BTCL
Description: Bitcoin Lite aims to be next generation coin based on POS, fast, private and mobile friendly. As it is stated in its whitepaper, Bitcoin LITE staking is using hundreds of times less electricity that original Bitcoin, while lets users save on expensive hardware as well.
Bitcoin Private (BTCP)
Fork Date: 28.02.2018
Features: Private transactions, Open Source, Community-driven
Distribution: 1BTC = 1BTCP + 1ZCL = 1BTCP
Description: Bitcoin Private is a community-driven BTC/ZCL fork consisting of over 50 contributors currently. It aims to be fully transparent to the community and allow users to make decisions regarding the fork and the future of Bitcoin Private.
While the information about the upcoming Bitcoin forks continues to appear, it is hard to predict the future of Bitcoin blockchain and its splits, and only time will show how many hard forks will actually be implemented.