Bitcoin Platinum, Silver, Uranium, God and Atom. BTC forks

new bitcoins

Upcoming and New Bitcoin Forks

    1. Bitcoin Platinum (BTP)
      The developers describe BTP as “open source” and claim that “nobody owns or controls Bitcoin Platinum”. The ultimate goal of Bitcoin Platinum is to make bitcoin faster and cheaper than legacy bitcoin.
    1. Bitcoin Cash Plus (BCP)
      Bitcoin Cash Plus brings sound money to the world, fulfilling the original promise of Bitcoin as “Peer-to-Peer Electronic Cash”. Merchants and users are empowered with low fees and reliable confirmations. The future shines brightly with unrestricted growth, permissionless innovation, and decentralized development.
    1. Bitcoin Silver (BTCS)
      The currency claims to be a tokenized version of Bitcoin, built on the Ethereum blockchain however, Bitcoin Silver isn’t just another bitcoin clone. BTC Silver is currently going through its crowdsale.
    1. Bitcoin Uranium (BUM)
      Bitcoin Uranium is a fork of the Bitcoin blockchain that will occur in December. At the predetermined block height, Uranium miners will begin creating blocks with a new proof-of-work algorithm, and this will cause a bifurcation of the Bitcoin blockchain. BUM has implemented full replay protection, an essential feature that protects users coins from being spent accidentally.
    1. Bitcoin God (GOD)
      Bitcoin God is a borderless non- profit peer-to-peer organization. Our vision is to leverage a decentralized platform to solve the many problems created by existing centralized system. GOD is a completely self monitored decentralized community.
    1. Bitcoin Atom (BCA)
      Bitcoin Atom brings a truly decentralized way of digital asset exchange  with on-chain atomic swaps on board. Bitcoin Atom development team is working on the LN implementation, allowing for instant off-chain atomic swaps.  BCA has already been introduced to one of the exchanges

Bitcoin forks

Forks represent changes to the bitcoin protocol that make previous rules valid or invalid. Cryptocurrency forks are merely protocol upgrades, and there are 2 types of blockchain forks that bitcoin enthusiasts refer to: a soft fork and a hard fork. There are many different types of forks, and the science of studying them is still new. Some forks resolve on their own, but others, fueled by deep rifts in a community, can cause a network to permanently split, creating two blockchain histories and two separate currencies.

The bitcoin community experienced its first hard fork when Bitcoin Cash launched on August 1st. Bitcoin cash wasn’t directly trying to replace Bitcoin, but instead they were offering a different path. The bitcoin blockchain has forked several times over the course of the technology’s existence. The most recent bitcoin forks occurring after 2013 have been tethered to the scaling debate. Currently, people believe BTC needs to scale to more people because the network has been experiencing intense congestion at times.

Many Bitcoins

Each of the abovementioned cryptocurrencies is aiming to improve a certain flaw that original Bitcoin protocol contains. So, the world is currently awaiting many more of these Bitcoins to fork off the original BTC protocol. As we know, Last hard fork looks to switch the protocol to a different mining algorithm that will favorably adjust how hard it is for miners to create new blocks roughly every 600 seconds. The simple idea is that by doing so, bitcoin cash will avoid the sudden changes in difficulty that have encouraged huge numbers of miners to switch frequently between the BTC and bitcoin cash blockchains, migrating to whatever version is offering the most in terms of rewards. Only in December, cryptocurrency community expects to see as many as three Bitcoin hard forks.

Unfortunately, when a fork occurs in the Bitcoin network, the value also split into the forked chain.

Too many coins??

As we have already written, there have been multiple forks on the Bitcoin blockchain already at this point, including the notorious Bitcoin Cash, Bitcoin Diamond and Bitcoin Gold. The new supposed fork, Bitcoin Platinum grabbed a lot of Korean investors attention, as it was allegedly the first major BTC fork led by a Korean mining pool. On top of that, it was promised that big Korean exchanges like Bithumb were to support it. Expectations were high, but investors’ interest was medium.
It’s known so far Bitcoin God will not be the only forking thing to happen in December as there are much more afoot. A Github repository referring to something called Bcash stated and uses the existing Bitcoin ledger combined with Zcash privacy technology. The developer who remains anonymous claims that Bcash is not associated with Bitcoin Cash and the project is an entirely different network in the making. They urged traders to be wary of scams going under the Bcash name.

There seems to be an announcement weekly on potential forks for Bitcoin and it shows no sign of slowing down

According to the Bitcoin Twitter page upcoming Bitcoin hard forks include Super Bitcoin (Block 498888), Bitcoin Uranium (unknown), Bitcoin Platinum (Block 500000), Bitcoin Cash Plus (Block 501407), and Bitcoin Silver (TBD).