PURPOSE OF BITCOIN UPGRADE?

[joesan2012]

Hello each and every one. I would like to ask a question regarding bitcoin forking . Why there are so many upgraded bitcoins being released what was really the purpose of that forking , what is the benefits of every bitcoin lover. Why they must leave bitcoin and choose its upgraded side . And lastly why they are need to upgrade bitcoin innovation ,?.. Please educate me so that I could gain more knowledge regarding bitcoin and blockchain purposes . If this thread topic was already exist then link me to that thread thanks.

[1714163690]

1714163690

[1714163690]

1714163690

[Lieldoryn]

In order to understand this process is to look at those who co-organize the business. Over time when the business the project is progressing well each partner have their own ambitions and start-up capital for your own project. Most often the joint project is divided into several parts and each of the companions goes its own way and brings to life your personal ideas.

[iamTom123]

Hello each and every one. I would like to ask a question regarding bitcoin forking . Why there are so many upgraded bitcoins being released what was really the purpose of that forking , what is the benefits of every bitcoin lover. Why they must leave bitcoin and choose its upgraded side . And lastly why they are need to upgrade bitcoin innovation ,?.. Please educate me so that I could gain more knowledge regarding bitcoin and blockchain purposes . If this thread topic was already exist then link me to that thread thanks.

You are correct, fork is actually an upgrade of the system and in the case of Bitcoin they wanted to level up the capacity to handle the volume of transactions since we are all growing fast. This scaling issue has been hounding Bitcoin for many years now and you can see it in the clogging we can experience very often. We need to scale the capability of Bitcoin to handle transactions since the volume is increasing everyday and there can be more growth coming. Without this upgrade, then people would be discouraged in using Bitcoin and everything would be defeated. Now, what is this so-called hard fork? Hard fork can happen if not all parties would agree to the type of upgrade being made...this is the reason why we got BitcoinCash and the latest BitcoinGold due to fork being contentious. In contrast, the last fork for Ethereum did not produced an offshoot coin because all agreed on the decision. Now, this is just a simplistic type of explanation.

[BitcoinMarshal]

In order to understand this process is to look at those who co-organize the business. Over time when the business the project is progressing well each partner have their own ambitions and start-up capital for your own project. Most often the joint project is divided into several parts and each of the companions goes its own way and brings to life your personal ideas.

Your reply is very good as in start all members was going with purpose of giving full time to this new project and they was looking for achieving target now they already done this after completing first task now every one have his own dream and ambitions just because of this now they are going with own task and personal ideas 

[matuson]

I was hoping that bitcoin will be upgraded but this did not happen. However, despite the fact that segwit2x was cancelled the miners still stabbed in the back and staged a landfill. Bitcoin predictable to hold their positions. Now I think the developers know how miners will operate and they can take steps to make sure this never happened again. Even if bitcoin loses in the price he recovers quickly, but modernization is necessary.

[Twentyonepaylots]

i think that the main purpose of upgrading bitcoin, is that to make it more stable so that the users will not be disappointed and to avoid conflicts and to meet the standards of other countries so that they can legalize it.

[sindikat]

i think that the main purpose of upgrading bitcoin, is that to make it more stable so that the users will not be disappointed and to avoid conflicts and to meet the standards of other countries so that they can legalize it.

Bitcoin will never be stable. You can't sort of coin holders. When bitcoin pumped huge speculative capital, it will always be volatile. This capital constantly migrates from one cryptocurrency to another. This is a planned action and to avoid them is impossible. Only the big credit of trust from users allows bitcoin price every time to return to the previous level.

[yojodojo21]

Hello each and every one. I would like to ask a question regarding bitcoin forking . Why there are so many upgraded bitcoins being released what was really the purpose of that forking , what is the benefits of every bitcoin lover. Why they must leave bitcoin and choose its upgraded side . And lastly why they are need to upgrade bitcoin innovation ,?.. Please educate me so that I could gain more knowledge regarding bitcoin and blockchain purposes . If this thread topic was already exist then link me to that thread thanks.

Regarding to the Bold Word, We cannot conclude That They Must/will leave bitcoin and Choose upgraded side  Since It is a matter of Volatility and Value.
They Need To Do Forks Because Miners who Are Manipulating this Kind of Process should Check and Balance, We Bitcoin Lovers are Tremendously growing in Numbers, Transactions are alive in every  second, and Hackers Are Everywhere, Forks is also a protection to Bitcoiners Since it Upgrades The Block of Bitcoin. Bitcoin Talks About Money, And No Other Than, Money Is Really A Big Deal. Fork, Upgrade, Segwit2x etc. All is Connected (because) of Money.

[peach56]

It will inevitably provide the systematic blockchain with a safety buffer against government .