Bitcoin: Possible Upcoming Hard Forks

Super Bitcoin, Bitcoin Platinum, Bitcoin Uranium, Bitcoin Cash Plus, Bitcoin Silver - it seems like more and more Bitcoin hard forks are on the way 
28 November 2017   32666

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 and more new forks start to appear. 

For instance, Michael Matthews, a Bitcoin miner and a supporter of Bitcoin Cash as of the true vision of Satoshi Nakamoto, has recently publised a list of possible upcoming Bitcoin hard forks. We decided to investigate the forks and find out what stays behind each of them.

As it is stated on the website of Super Bitcoin (SBTC) it is an experiment which aims to implement promising solutions that the community has been proposing. 

The Bitcoin will be forked at block 498888 and new qualities are promised to be incorporated as well. All Bitcoin holders are stated to be given one Super Bitcoin for each Bitcoin they hold for free.

It is reported that instead of the traditional ICO the platform will use a new technology of IFO, which is Initial Fork Offerings. The fork is sceduled to happen on December 17 of 2017.

Bitcoin Platinum

Bitcoin Platinum website reports that BTC Platinum uses blockchain technology to operate with no central governance or 3rd party interference and managing, issuing and maintaining bitcoins is carried out collectively by the decentralized network. 

The key features of Bitcoin Platinum are stated as follows: absence of pre-mine, GPU mining and SegWit2x technology. The announcement regarding Bitcoin Platinum hard fork also appeared on Bitcointalk. 

Bitcoin Platinum (codename BTCPLT) is a fork of the Bitcoin blockchain that should occur at block height 496525, on December 12 of 2017. 

UPDATED: On December 11 it came to light that Bitcoin hard fork Bitcoin Platinum turned out to be a Scam created by a South Korean teenager in order to manipulate Bitcoin prices.

Bitcoin Uranium

The news regarding Bitcoin Uranium firstly appeared on Bitcointalk on October 25 of 2017. The key features of Bitcoin Uranium are stated as follows: a new Proof-Of-Work algorithm Equihash to allow GPU/CPU mining, intolerance of ASICs, total supply of 21 Million and block size of 1M.

While Bitcoin Cash network received a hard fork upgrade not too long ago, this currency has nothing to do with it whatsoever. As it is stated on the website Bitcoin Cash Plus is assumed to be provided to Bitcoin holders through an airdrop, which is scheduled to occur on 501,407 block. No one really knows how this airdrop will occur, as it is not a direct hard fork of the existing code. 

At the same day when Bitcoin Gold fork appeared from the BTC Blockchain, the developers of Bitcoin Silver wrote on the Bitcointalk forum that they plan to make Bitcoin mining decentralized again. As they state, Bitcoin Silver will have a full replay protection to secure users’ coins from being spent by accident, a new proof-of-work algorithm, and the method of its distribution will be the same as was used by Bitcoin Cash, all BTC private keys holders will receive Bitcoin Silver on the rate of 1 BTC = 1 BTSI.

Bakkt to Unveil Bitcoin Futures Test Date

Along with date announcement, COO Bakkt believes the platform will attract institutional investors and set new standards for the cryptocurrency market
14 June 2019   198

The Bakkt cryptocurrency platform has named the exact start date for testing Bitcoin futures. The first users will be allowed to test the tool on July 22.

According to Bakkt's Operations Director, Adam White, the platform will attract institutional investors and set new standards for the cryptocurrency market.

White pointed out that the wider distribution of cryptocurrencies, in particular, is hampered by unreliable pricing mechanisms and the likelihood of instantly falling rates.

Along with these problem-solving solutions that are new to digital asset markets, Bakkt also brings all the other features that institutions would expect in a versatile and broadly accessible market, including: block trades; a fee holiday through the end of the year to encourage trading; market maker incentive programs to encourage liquid markets; and integrations with ISVs and regulated brokerage platforms.

Adam White

COO, Bakkt

At Bakkt, two futures contracts will be presented - with daily and monthly settlements. Risk management and the securing mechanism for these contracts will meet the standards of the traditional derivatives market.