Fork bitcoin b2x

have been a wild year for Bitcoin.  Not only has Bitcoin&#;s price skyrocketed over % but we now have Bitcoin, Bitcoin Cash, Bitcoin Gold and Bitcoin B2X.  What is Bitcoin B2x? Great question but before we get to that, let&#;s see what led us here.

Why do we have 4 Bitcoins &#; Bitcoin, Bitcoin Cash, Bitcoin Gold, Bitcoin B2x

Earlier this year, it became apparent that Bitcoin has a scaling issue.  Transactions were taking way too long time before getting verified and as adoption grew the problem got worse.  There were simply too many transactions for a new block to record every 10 mins.  Something had to be done before people though Bitcoin can truly become mainstream.

Everyone in the Bitcoin world was trying to come up with a solution to the problem.  Unfortunately, the Bitcoin core developers wanted to go in one direction and the miners wanted to go in a different direction.  And then you had influencers and wallet providers that were split between the two sides.

Finally, in May of , the New York Agreement was agreed upon and signed by almost everyone in the community.  The New York Agreement said that two things were going to happen:

• First to activate Segregated Witness (aka SegWit)
• Later to activate a 2 MB block size (aka SegWit2x)

Without boring you with all the details, let&#;s just say certain miners and influencers didn&#;t like SegWit and decided to make their own hard forked chain aka Bitcoin Cash.  Bitcoin Cash doesn&#;t have Segwit but does have a huge 8MB block size so that it can handle a lot more transactions.  This was back in August of

Flash forward 3 months, you have another hard fork called Bitcoin Gold (click here to learn how to claim yours).  Again decided by a miner who wanted to &#;decentralize&#; mining, the newly created hard forked chain has its mining algorithm changed switching from SHA to Equihash.  Equihash makes it so mining can only be done by GPUs and not by ASIC miners.

Come November, we will then get Bitcoin B2X.

What is Bitcoin B2X?

For months, little information was given about who is supporting SegWit2x and which chain (SegWit or SegWit2x) gets to keep the Bitcoin name and BTC symbol.  It wasn&#;t decided until Bitfinex, the world&#;s largest Bitcoin exchange, came out and said they will be calling the new SegWit2x chain B2X.  Even Coinbase, one of the biggest supporters of SegWit2x, has now come out and said they will be calling the new chain B2X as well.

With these two powerhouses making this determination, others will follow and adopt the same thing.

For the most part, most exchanges, wallets and other influencers are supportive of both and want to see which chain comes out on top.  This is vastly different from Bitcoin Cash which was pretty much shunned by everyone and Bitcoin Gold which was even worse.

However, seeing how the SegWit Bitcoin gets to keep the Bitcoin name and BTC symbol means a lot and most likely will carry the torch moving forward.

How To Get Free Bitcoin B2X

Whenever a hard fork occurs, the new chain is an exact duplicate copy of the original chain up to a certain block.  That means all of your Bitcoin stored within the original chain are duplicated within the new chain.

So that means if you had 3 Bitcoin prior to the hard fork, you will have 3 Bitcoin and 3 Bitcoin B2X after the hardfork!  You will gain 3 Free Bitcoin B2x!

There are two ways to go about this.  One way is to depend on a B2X supported exchange to separate out the B2X coins for you after the hard fork or two you do it yourself.

If you choose to let an exchange do it then all you have to do is to move all of your Bitcoins into your wallet on that exchange and wait.  Soon afterward you&#;ll have a B2X wallet with your B2X coins within.   Please make sure you identify an exchange that says they support SegWit2x.  If you have your Bitcoin in an exchange that doesn&#;t then you&#;ll lose out on the free Bitcoin B2X coins.

Coinbasewill be supporting B2X and released this statement:

Any user storing Bitcoin on Coinbase at the time of the fork will be credited with an equal amount of the new Bitcoin2x asset on the Bitcoin2x blockchain. No action is required &#; we will automatically credit your account. If you have 5 Bitcoin stored on Coinbase before the fork, you will have 5 Bitcoin and 5 Bitcoin2x following the event.

Coinbase users will be able to trade both Bitcoin and Bitcoin2x shortly after the fork.

Coinbase will disable buys, sells, sends and receives for Bitcoin and Bitcoin2x approximately 24 hours before the fork. We will re-enable them following the fork once it’s safe to do so.

tallerembajador.com.mxwill also be supporting B2X and released this statement: 

As soon as B2X fork happens, we will split the coins and add the following pairs:

•    B2X/BTC

•    B2X/USD

•    B2X/EUR

•    B2X/GBP

In this case, it is possible that we will stop withdrawal and deposit operations of BTC until we are sure they are safe and secure for our users. Deposits and withdrawals of B2X will be available for the users later. Track the updates on our blog to gain additional information about the particular proportions.

If you choose to do this yourself then all you have to do is make sure you have all of your Bitcoin in a wallet where you control the private key.  Then after the hard fork, you simply export out your private key and import it into a Bitcoin B2X wallet.

There is no time expiration for this, you can do it a month from now, six months from now or six years later.  You will always have access to your free Bitcoin B2X as long as your Bitcoin stored in a wallet which allows you to export out your private keys before the hard fork happens.

So which wallets support exporting of your private key?

Two of the wallets I recommend within the Bitcoin Wallet page does.  The Ledger Nano S and the Exodus desktop wallet.

SegWit2x Cancelled (Updated 11/8/)

The organizers of the SegWit2x have cancelled the hard fork.  Read about it here.