Bitcoin: 2018 to Bring New Hard Forks

Bitcoin Smart, Bitcoin Interest, Quantum Bitcoin, Bitcoin LITE, Bitcoin Private - the year of 2018 seems to be rich for BTC forks appearing into the market 
06 February 2018   1630

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.

Bitcoin Animation

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)

Date: 21.01.18
Block: 505050

Bitcoin SmartBitcoin Smart

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)

Date: 22.01.18
Block: 505083

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)

Date: 28.01.18

Quantum BitcoinQuantum Bitcoin

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)

Date: 30.01.18

Bitcoin LiteBitcoin Lite

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

Bitcoin Private Bitcoin Private

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.

SEC May Approve BTC ETF in 2019

This thought was told by Bill Barhydt, chief executive of bitcoin payment start-up Abra
05 September 2018   414

In an interview with CNBC, the head of Abra, Bill Barhydt, said that the SEC had not yet approved the bitcoin-ETF because the initiators of the launch of these funds "do not meet the expectations" of the agency.

I think the issue with the SEC, quite frankly, is that the people who are doing the applications don't fit mold of who the SEC is used to approving. I used to work for Goldman Sachs, but if you look at how I'm dressed you probably wouldn't know it. So I probably, unfortunately, couldn't go like I am here to a meeting at the SEC to say I'm applying for the ability to issue an ETF.

Bill Barhydt

CEO, Abra

According to Barhydt, the applicant must "look, smell and behave" as the SEC wants to approve the application. He also believes that the application for the launch of ETF from a reputable financial company will be approved rather than from a start-up.

He also expressed confidence that the first publicly cryptocurrency ETF will appear next year.

It's going to happen in the next year, I would actually make a bet on it. There is too much demand for it.

Bill Barhydt

CEO, Abra

In late August, the SEC rejected an application for the ProShares Bitcoin ETF and ProShares Short Bitcoin ETF. At the same time, a similar fate awaited several applications for the launch of Bitcoin-ETF from Direxion and GraniteShares.