Bitcoin Cash (Image: M. Verch/Flickr)

A Bitcoin User’s Guide on Upcoming Forked Coins

Like it or not, forking bitcoin has become an efficient approach for blockchain teams to receive quick money.

How many forks will we have? Are there services support them?

A Glimpse at Forked Coins Already Existing

Bitcoin Cash (BCH), the first bitcoin fork, was only listed on Viabtc when it first came out. Most of the bitcoin community, if not all of them, thought it was just a joke at first. The emergency difficulty adjustment (EDA) mechanism BCH adopted led to unstable block times, but since the November 13 upgrade and recent price spikes, it is safe to say that BCH has survived and is enjoying more support from exchanges and wallets.

Bitcoin Cash (Image: M. Verch/Flickr)
Bitcoin Cash (Image: M. Verch/Flickr)

Ordinary wallets supporting BCH include: Bitcoin.com, Electron Cash, Coinomi, Webmoney, Strongcoin, Stash, Jaxx, Bitpay, BTC.com. Hardware wallets: Ledger, Trezor, Keepkey. Paper wallets: Cashaddress, Walletgenerator. Mobile wallets apps: Bitcoinindia, Mobi and more. Official BCH wallets: Bitcoin ABC, Bitcoin Unlimited, XT, Parity, and Bitprim.

Bitcoin Gold (BTG), the GPU-friendly forked coin based off of bitcoin, was created on October 25 to compete with BCH and to fight mining centralization, according to its creator Jack Liao.

Ordinary wallets supporting BTG: Coinomi, Bitpie, Guarda, Freewallet. Official BTG wallet: BTGWallet.online. Hardware wallets: Trezor, and Ledger. News.Bitcoin.com spoke with Ledger’s Vanessa Rabesandratana who shared how to claim BTG at Ledger.

Read more: News.Bitcoin

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