The beginning of an interesting period for Bitcoin and cryptocurrency in general

in #cryptocurrency7 years ago

Tommorrow is the 1st of August. The next few days will be very interesting: Bitcoin will fork into at least 3 factions:

  • the official Bitcoin, with support for Segwit2x
  • a "rogue" bitcoin called Bitcoin Cash
  • Bitcoin United, which is an attempt to use Bitcoin as a BitShares token

To profit from the hard fork, one must move all the Bitcoin funds to a wallet for which you own the private keys. The private key is the one that gives you full control of your funds because with it, you can sign transactions.

One such wallet is Mycelium for Android and iOS.

In the image bellow: miners preparing to fork the blockchain

mineri-large.jpg