and big transactions alike. Bitcoinist explores what regular users and holders should expect. Dont do this, wait for official instructions! If you want access to your forked asset right away, and if you want to ensure you get it no matter what, it is almost always best be in control of your private keys. Ethereum hard forked into two different blockchains, Ethereum and. With the above said, I strongly suggest not trading away all your coins out of the gate unless you are ready to buy them back strategically. The only way around the waiting step is if you were on exchange that offered futures of the forked coin (described above). With the best of forks (like Bitcoin Cash for example historically speaking, holding a forked coin has shown itself to be more profitable than trying to sell it out of the gate for a low price (if you see a giant spike in price out. Imagine selling your Bitcoin Cash futures for 200 in August. Note : Some wallets where you dont control your private keys, like Coinbase Wallet, honor airdrops.
It isnt good enough to do a transaction right before the block, as your transaction must be recorded on the blockchain before the block! Users dont have to do anything more than update their software if they run a node with non-contentious forks like Constantinople. If you are going to hodl, consider waiting until everything is stable. The two major scaling proposals, SegWit and, bitcoin Unlimited (BU are currently vying for Bitcoin users hearts and minds. If you are going to sell, youll have to brave the.0 versions of the wallet software. When there is lack of consensus about the rules in the bitcoin network, there may be multiple blockchains, one blockchain following one set of rules, one following another. Bitcoin holders would get to keep coins on both sides of the fork. To play it safe, keeping your bits on your wallet and keeping your funds in cold storage/offline is highly recommended. No one cares which chain is longest (i.e.