in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. What will happen if I already own Bitcoin? However, in the unlikely event that the fork occurs and 85 percent of the hash rate moves to B2X, transaction times for BTC will slow significantly.
The global exchange saw acquisitions elsewhere this year, including the purchase of BitInvest by Brazil-based. The proposed second solution, SegWit2X, was to take effect at block 494,784 on or around November. Since Bitcoin could see the chain split into. The answer is that, should the hard fork occur on or around November 17, for each BTC you own, youll receive an equal amount of B2X. Savvy Bitcoin users could quadruple the usefulness of their Bitcoin overnight, while merchants and exchanges are left holding the bag for BTC that doesnt actually exist. Which side should I support? The acquisition of Glidera, the terms of which were not disclosed, is the latest for Kraken, which has spent the past year snapping up other startups in the exchange space. The court decided to apply extra regulation to Bitcoin trading that does not apply to other economic activities. Bitcoin is built on a blockchain system.
More transactions happen, Bitcoin grows, and everyone is a winner. The service offered by Glidera will, by extension, be open to Kraken's international customers as well. Hence, many believe that the mining power will shift away from B2X near the time of the fork.
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