The developers announced that in 2018 there will be two new forks of the Bitcoin Cash token. There will be two new crypto-currencies, Bitcoin Candy and World Bitcoin.
What does it mean
HardFork – division of one crypto currency into several. Bitcoin Cash is the most massive bitcoin hardcore. Usually, the “fork” is done with the introduction of global changes in the structure of the block.
Bitcoin cache differs in that it can be adjusted to the size of the blocks. It is more adaptable and more convenient in calculations (the commission is lower than that of bitcoins).
In case of HardFork, holders of the main crypto currency automatically receive a new one (but not in proportion 1: 1, but according to the formula set by the developers.) In the case of Bitcoin Candy, BCH holders will receive 1000 BCY for each bitcoin.
Bring the bitcoins to your wallets
If you have a BCH on the stock exchange , be sure to bring it to your personal crypto. It is important. If you do not withdraw – miss a huge profit, because not all exchanges support hardfork.
Bitpie and Coneix have already assured users that they will support the fork of the Candy, but at the expense of the rest are doubts.
When you hold the currency on the exchange , it does not actually belong to you. As if the asset is on a deposit in the bank. Some exchanges will make a huge profit – they will leave Bitcoin Candy to themselves.
You will keep the old assets, but do not get the Candy currency, which in the future can go up. What to do and how to transfer the crypto currency to your personal wallet – you will find on the Internet.
Than Bitcoin Candy differs from BCH
Bitcoin Candy is an even more adaptive crypto currency. The size of the block will vary depending on demand. This will reduce the cost of transactions and increase the ability to grow. Also, they plan to return some of the functions from the early versions of bitcoin, which were not bad but were canceled.
Bitcoin Candy will become a young crypto currency, so it will be easier to mine than bitcoin. The space for mining is 90%. The first ten percent will be distributed to holders of BCH. The upper limit for the number of tokens is 21 billion.
The developers say they want to make Candy scalable so that it works without complications. Today, bitcoin is difficult to use as a currency: it has too much commission and a long processing time for the transaction.
The statement says that Bitcoin Candy should become reliable enough to be backed by business. Today, this is difficult because of the unstable course and technical flaws.
If you do not have cash bitcoin, this is an excuse to buy. The sooner you do this, the more BCY you will get: before and after hardfork, there is a growing demand, which leads to an increase in value. This can be seen on the graph of the bitcoin course. The rate grew strongly between August and September (the first August of 2017 was a fork).
Hardrock World Bitcoin
WBTC is another expected fork in 2018. The planned limit of WBTC tokens is 2,121 billion. A large part (21 million) will remain with the WBTC Foundation (this will not be a full-fledged, free currency).
The usefulness and significance of WBTC is smaller than Bitcoin Candy, but Cash Holders will receive 100 WBTC per 1 BCH.
Sell new crypto-currencies or leave yourself – it’s up to you. But you can not miss such a profit. If you planned to buy BCH – you can catch up to the hardcore. Already have – do not print. Candy and World will be on May 15 and November 15 this year.
Also, in connection with the hardcore, an increased interest in the bitcoin cache and, as a consequence, a decrease in the market share of the main version of bitcoin.
