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Author Topic: If BTC hardforks, will we still have our btc on both versions?  (Read 540 times)
BitNerd (OP)
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January 08, 2017, 07:38:24 AM
 #1

Just a simple question.
p_linz
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January 08, 2017, 07:57:33 AM
 #2

Just a simple question.
yes, but only if you are holding your private keys.
Amph
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January 08, 2017, 07:59:10 AM
 #3

the majority of merchants will remain with one chain, don't expect to sell both of them on the market, unless you do it privately for the "small" chain

from my understanding one of the chain will be an altcoin, this is always the case
talkbitcoin
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January 08, 2017, 08:45:27 AM
 #4

as long as there are miners mining both chains (forks) and nodes holding both chains they both will exist and since there will be two blockchains you will have coins on both of them.

and this is actually one of the reasons why consensus is 95%

for an example you can check what happened with ethereum hard fork, they did it without consensus and ended up with two chains called ETH and ETC with people having coin on both chains.

......
.L I V E C O I N . N E T.
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..PROFITBOX..
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.....
GMPoison
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January 08, 2017, 09:42:35 AM
 #5

as long as there are miners mining both chains (forks) and nodes holding both chains they both will exist and since there will be two blockchains you will have coins on both of them.

and this is actually one of the reasons why consensus is 95%

for an example you can check what happened with ethereum hard fork, they did it without consensus and ended up with two chains called ETH and ETC with people having coin on both chains.

Yup, 95% consensus, a very good thing indeed.
Digitalbitcoin
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January 08, 2017, 09:54:25 AM
 #6

I think that all previous transactions done via BTC before hardfork will be avail on old fork. But when new fork launched after up-gradation then later on BTC will be on new or updated version.

But if anyone have BTC on both version, makes no change as when user use that amount BTC for transaction nodes will be updated with network and fork will be updated. That means there is no chance to use both old and new BTC wallet address for more transaction exceeding current balance.
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