Tuesday 1 August 2017

What is BItcoin Fork?

In last so many articles I have been writing every information about bitcoin and factors related to digital currency.  A few months back you have been hearing about digital currency legal or not. What will be the take of India Government over bitcoin and what will be the effect of the decision on bitcoin exchange in India?

In these many days, the price of bitcoin has also shown a huge fluctuation. In a meanwhile, arrive the bitcoin hard fork. The SegWit, SegWit2x and BIP 148 don't get confused with all these terms. These all are the Bitcoin proposals for the upgrading of technology and increasing the block size from 1MB to 2MB or more.

The bitcoin soft fork and hard fork both are the scaling proposals of bitcoin. There is no fixed assumption of getting the best bitcoin rate as per the situation. All the best bitcoin exchange in India such as Bitxoxo, Unocoin, Zebpay, coinsecure and others have stopped their deposit and withdrawal services until the settlement of the fork.

There may be the late processing of buy and sell bitcoin in India and all over the country due to the proposal.




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