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Bitcoin platinum set to fork on 12th december.
A hard fork is a process of splitting any currency’s Blockchain . It may be done for several reasons, such as fixing serious security loopholes in a cryptocurrency’s source code, implementing new features and reverting transactions (as was the case for Ethereum’s hard fork after The DAO was hacked). Hard forking requires a consensus of the majority of the nodes within the network of a cryptocurrency, after which they all switch to the new Blockchain, leaving the older version behind.
We have seen a lot of hard forks since this year with good reasons and visions to provide a better version of bitcoin.
But as for Bitcoin platinum one will wonder what the mission is and the cause of the fork is.
Read More:
https://bitzamp.com/bitcoin-platinum-set-launch-12th-december]https://bitzamp.com/bitcoin-platinum-set-launch-12th-december/]https://bitzamp.com/bitcoin-platinum-set-launch-12th-december