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   31896

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.

Karpeles to Face Another 10 Years in Jail

Japanese enforcements agencies blamed Mt. Gox CEO in stilling $3M
12 December 2018   94

Japanese prosecutors blamed the head of the already inactive exchange Mt. Gox Mark Carpeles in embezzling 341 million yen ($ 3 million) from a bank account trading platform. The prosecutors made the corresponding statement in the Tokyo District Court, demanding 10 years of imprisonment for Karpeles, reports The Mainichi.

[Mark Karpeles] diverted company funds to such uses as investing in a software development business for personal interest" and "played a great role in totally destroying the confidence of bitcoin users.

Japanese prosecutors

It is noted that in September-December 2013, the head of MtGox allegedly transferred funds to personal bank accounts, and then invested in the software development business.

Carpeles is also accused of faking the data of the trading system of the exchange for the fabrication of balance sheets.

The deadline for accepting applications from affected investors as part of the civil rehabilitation of Mt. Gox has been extended until the end of December.