BITCOIN FORK - 1st August 2017
Credit: youtube/KennBosak
Followers of BITCOIN will know that on the 1st August 2017 there is a large group of Bitcoin users that plan to initiate a User Activated Soft Fork (UASF) and are pushing for an upgrade to Bitcoin code (BIP 148).
Earlier on I was scanning the youtube channels and came across this simple to understand short video which helps explain the Fork.
In essence the Fork will split Bitcoins into essentially two coins, however both coins will maintain their record on the Blockchain.
No doubt the volatility in Bitcoin recently seen will continue to 1st August and run over until things settle down.
It is a great short piece and credit to KennBosak for the content in the video.
Thanks for reading/watching.
Stephen