Well Christmas is here and we are waiting eagerly to welcome Lord Jesus. How can God miss the Bitcoin party!
Cryptocurrency forks are trend now, it’s a method where developer can change the rules and update the source code. Once miners start mining the new software and all parties agrees to use the forked version, it becomes a currency.
First fork was bitcoin cash where core developers couldn’t agree to scale the original blockchain. A group of developers decided to write Bitcoin cash their own version of software.
“Bitcoin God”, has the symbol of “GOD” on exchanges and it got hard forked activated at block height of 501,225 on midnight of 27th December, though initially it was set to launch at 25th without any pre-mining.
Describing this fork important bitcoin god promises to deliver complete self-monitored peer to peer network. 4 Million worth tokens will go to charity and rest 17 Million airdrop to existing BTC, NEO holders. Community votes and decide on the ratio of airdrops, claiming to be a first egalitarian platform built over blockchain.
Source : twitter.com
Source : twitter.com
Bitcoin god developers promising to deliver features like smart contracts to make use of GOD as utility token, larger block size to solve network congestion. On the other hand, the consensus protocol based on proof of stake claiming to provide true decentralized approach in verifying and validating transaction. Lightning network to support real time trading activity with confidentiality of payments.
The website of Bitcoin god listed multiple exchanges but other exchanges are only considering adding Bitcoin God various other sources suggested only hitbtc and yobit added the forked coin.
Roughly the network main net will come online in quarter of 2018. Getting support from various technical team including NEO (Chinese version of ETH).
According to its founder Chandler Guo,
“the coin wishes to give complete control back to the user and does not allow any pre-mining or additional token for mere profit.”
All these technical promises are far stretched only missing link is no technical description or clear roadmap defining how will they achieve it.
Let us know your thoughts on bitcoin’s in 2018 in the comments below or write to us at hello@coingape.com
The presented content may include personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
Crypto market traders are bracing for heightened volatility and a potential crash as Bitcoin and…
While the crypto market has yet to fully recover from the $40 billion collapse of…
Coinbase Global, the largest cryptocurrency exchange in the United States, has filed lawsuits against three…
The Bank of Japan (BOJ) raises its interest rates by 25 bps to 0.75%, the…
The CLARITY Act is no longer expected to pass the U.S. Senate this year. Lawmakers…
Crypto ETF issuer Bitwise is looking to add a SUI ETF to its growing list…