In 2017, Bitcoin forked a number of times. However, the most famous – an acrimonious split took place when Bitcoin Cash was born on August 1, 2017. This fork caused a split not just in the cryptocurrency but also within its community. Now, it looks like the Bitcoin forks are ready to fork on their own and two new blockchains are entering the cryptocurrency world.
The first one – Bitcoin World – has already made its debut. It split from the Bitcoin chain at block 503,888 and will be traded under the ticker WBTC. According to the founder of this new blockchain and cryptocurrency, Bitcoin World has been created in response to the problems investors are facing with Bitcoin.
The world’s number one cryptocurrency seems overloaded, because of which transaction fees are way too high. Transaction times are also very high, with traders typically waiting hours before their transactions are completed.
There will be a total of 2.121 Bitcoin World tokens, of which 21 million will be used by the WBTC Foundation to market the new cryptocurrency and develop the blockchain. Bitcoin users will be given 100 WBTC for each Bitcoin they possess.
The second fork will be a split in Bitcoin Cash. The new cryptocurrency will be called Bitcoin Candy and will go by the ticker CDY. Bitcoin Candy is due to split from BCH at the 512,666th block and will continue as an 8Mb blockchain on its own. Bitcoin Cash users will each get 1000 Bitcoin Candy at the time of the split. There will be 21 billion CDY available, of which 10% will be pre-mined tokens which will be given as an incentive to early bird developers and adopters.
Analysts are expecting even more forks in the Bitcoin world in the future.
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