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Author Topic: BCH, SegWit, SegWit2 - I'm confused, can you help in laymans terms please  (Read 707 times)
aTriz
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August 31, 2017, 12:26:32 AM
 #21

I've been trying to educate myself with all these forks etc but I'm getting confused why in November there will be a fork called Segwit2.

Regardless of what they are trying to do with increased block size and transactions, could it mean we will have 4 coins?

BTC
Bitcoin cash
BTC SegWit
BTC SegWit2x

So one main BTC coin and 3 Alt coin?

Its like creating money out of thin air.

BTC: An abbreviation for "Bitcoin" and it is the first decentralised cryptocurrency to be made, and it is also the core of crypto. All altcoins revolve around this being the "station" for Bitcoin.

Bitcoin Cash, BTC Segwit and Segwit2x: All altcoins that have different size blocks, and they are supposed to overtake bitcoin.

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There are several different types of Bitcoin clients. The most secure are full nodes like Bitcoin Core, which will follow the rules of the network no matter what miners do. Even if every miner decided to create 1000 bitcoins per block, full nodes would stick to the rules and reject those blocks.
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zarados
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August 31, 2017, 03:48:04 AM
 #22

BTC: An abbreviation for "Bitcoin" and it is the first decentralised cryptocurrency to be made, and it is also the core of crypto. All altcoins revolve around this being the "station" for Bitcoin.
Bitcoin Cash, BTC Segwit and Segwit2x: All altcoins that have different size blocks, and they are supposed to overtake bitcoin.
Is there are a free air drop just like before when bitcoin cash was release? If they are supposed to overtake bitcoin, probably it is one of their strategy to give people afree air drops with new bitcoin or you can call it another altcoin so that leaving the real bitcoin. The bitcoin cash are the prove, that some miners are decide to mine bitcoin cash than bitcoin because it's more profitble. what's your thought?
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