Bitcoin abc fork countdown

If you owned bitcoin at the time of split — August 1st, But you may, in that case, need to download software to be able to send and receive the coins. More information will likely become available if this event occurs. This launch is scheduled for August 1st, It may still take a couple of days before Bitcoin ABC becomes widely accessible for miners and users. Contraryto earlier reports, it appears that Bitcoin ABC will not include two-way replay protection.

Bitcoin Cash BCH , as the new cryptocurrency is now called, launched yesterday. While the project is off to a slow start when it comes to hash power and blocks, trading has opened, and it seems as if the coin could make it.

Users would start to reject any blocks that do not signal readiness for Segregated Witness per BIP But whether this will actually happen remains to be seen. So far, few miners have publicly indicated they will support the UASF. If miner support on Bitcoin remains low, some of its users may opt to implement a hard fork to change the proof-of-work algorithm.

But it seems that if by August 15th less than 15 percent of total hash power mines on Bitcoin, this hard fork will be deployed. It could technically also lead to another split on the Bitcoin side, if some of its users decline to join the hard fork that changes the proof-of-work algorithm. As BIP has locked in and Segregated Witness seems increasingly likely to activate smoothly, there will almost certainly not be any proof-of-work change any time soon.

Segregated Witness BIP is now past the point of return. BIP is virtually made obsolete, and a proof-of-work change will almost certainly not be needed. But what the lock-in means is that all SegWit-ready clients will start enforcing the new rules in the next difficulty period: So if you are a regular user and would like to use the new features or want to maintain top-notch security, you now have two weeks to upgrade to software that enforces SegWit.

If a chain-split is not avoided, the situation could become far more complex. Segregated Witness lock-in is currently scheduled for August 8th. The exact time and date depends on how fast new Bitcoin blocks are found. Technically, it will lock-in tomorrow; this is now virtually guaranteed.

If a chain-split is avoided by miners, SegWit should activate around this time. Segregated Witness activation is currently scheduled for around August 23th. Segregated Witness activation is still scheduled for around August 23th. Toward the end of this year though potentially even up to early , the hard fork part of SegWit2x should take place. At this point in time, it seems almost certain that not everyone will change their software to support this hard fork.

As such, this could lead to another chain-split. How to deal with this situation as a regular users will be announced on Bitcoin Magazine closer to the actual date.

If you are a miner and you were only running the BTC1 client to help activate SegWit with no intention to support the hard fork, you should make sure to switch back to a non-BTC1 client before this hard fork takes place. This moves the hard fork date back by about a month, closer to late November or mid-December. Over a timespan of several months, this could possibly deviate by more than a week from November 22nd. About Terms of use Advertise Store Contact. All What Is Bitcoin? What Is a Blockchain?

What Makes Bitcoin Valuable? What Are Bitcoin Wallets? Is Bitcoin a Good Investment? What is Bitcoin Mining? What Is an ICO? Facebook Twitter LinkedIn Email. Here is a list of dates for July, August and beyond to keep an eye on. This article was last updated on August 8th. Segregated Witness Activation August 2nd update: The difference lies in how the activation should happen. Now for the dates… July BIP91 is now locked in. July 23 at the earliest: July 25 at the earliest: If BIP91 has not activated by this deadline, Bitcoin may well be heading for a chain-split.

Mid- to late- August: Late August to Mid-September: If a chain-split is not avoided, the situation is still too complex to predict. Late October to Mid-November: SegWit2x Hard Fork see update Toward the end of this year though potentially even up to early , the hard fork part of SegWit2x should take place.

Barring unexpected and unlikely events, this article will no longer be updated. BIP has now activated, and so far all is going well. Segregated Witness BIP is now past the point of no return for lock-in. A ll Bitcoin nodes are still united on one chain. Bitcoin ABC will share a common history with Bitcoin up until August 1st, but will, for the first couple of days after that, probably be privately mined by Bitmain.

It will also include several new and incompatible protocol rules, perhaps most importantly an increased block size limit. If you owned bitcoin at the time of split — August 1st, But you may, in that case, need to download software to be able to send and receive the coins. More information will likely become available if this event occurs.

This launch is scheduled for August 1st, It may still take a couple of days before Bitcoin ABC becomes widely accessible for miners and users. Contraryto earlier reports, it appears that Bitcoin ABC will not include two-way replay protection. Bitcoin Cash BCH , as the new cryptocurrency is now called, launched yesterday. While the project is off to a slow start when it comes to hash power and blocks, trading has opened, and it seems as if the coin could make it.

Users would start to reject any blocks that do not signal readiness for Segregated Witness per BIP But whether this will actually happen remains to be seen.

So far, few miners have publicly indicated they will support the UASF. If miner support on Bitcoin remains low, some of its users may opt to implement a hard fork to change the proof-of-work algorithm.

If a chain-split is not avoided, the situation could become far more complex. Segregated Witness lock-in is currently scheduled for August 8th.

The exact time and date depends on how fast new Bitcoin blocks are found. Technically, it will lock-in tomorrow; this is now virtually guaranteed. If a chain-split is avoided by miners, SegWit should activate around this time.

Segregated Witness activation is currently scheduled for around August 23th. Segregated Witness activation is still scheduled for around August 23th. Toward the end of this year though potentially even up to early , the hard fork part of SegWit2x should take place.

At this point in time, it seems almost certain that not everyone will change their software to support this hard fork. As such, this could lead to another chain-split. How to deal with this situation as a regular users will be announced on Bitcoin Magazine closer to the actual date. If you are a miner and you were only running the BTC1 client to help activate SegWit with no intention to support the hard fork, you should make sure to switch back to a non-BTC1 client before this hard fork takes place.

This moves the hard fork date back by about a month, closer to late November or mid-December. Over a timespan of several months, this could possibly deviate by more than a week from November 22nd. About Terms of use Advertise Store Contact. All What Is Bitcoin? What Is a Blockchain? What Makes Bitcoin Valuable? What Are Bitcoin Wallets? Is Bitcoin a Good Investment? What is Bitcoin Mining? What Is an ICO? Facebook Twitter LinkedIn Email. Here is a list of dates for July, August and beyond to keep an eye on.

This article was last updated on August 8th. Segregated Witness Activation August 2nd update: The difference lies in how the activation should happen.

Now for the dates… July BIP91 is now locked in. July 23 at the earliest: July 25 at the earliest: If BIP91 has not activated by this deadline, Bitcoin may well be heading for a chain-split. Mid- to late- August: