A hard fork is the appearance of a new coin as a result of changes in the coin protocol. It is carried out in order to add new functions to the blockchain, prevent hacking attempts or eliminate critical errors of the coin. When introducing a new functionality, a clone of the coin appears, and the holders of this coin are credited with the same number (one to one) of new coins that were available before the fork.
|Bitcoin Cash Plus (BCP)||01.02.2018|
|B2X reattempt by the community (B2X)||01.28.2018|
|Ultra Plus Bitcoin||01.31.2018|
|Bitcoin Platinum||07. ?.2018|
Bitcoin price chart for the entire history from 2008 to 2021
Bitcoin is digital money. This is the first cryptocurrency created on January 3, 2009. Bitcoin is often called digital gold. This is not accidental, but it is connected with a small number of coins (only 21 million) and a large price for 1 bitcoin.
All information about transactions between addresses (wallets) is available in the public domain.
Bitcoin is the first cryptocurrency that has been accepted in many countries as an official payment system. For example, in America, you can safely pay in a cafe with bitcoins or buy a new phone with them.
Bitcoin is not connected with banks or any states, it is an independent independent electronic currency system.
Since almost all trades on exchanges are conducted only for Bitcoin, this allows it to confidently stay afloat. So what leads to the growth of bitcoin:
- Positive news
- State influence
- Buying altcoins for bitcoins
And many other things that have a positive effect on its growth. You can read about all this in the full article about Bitcoin.
But it is worth understanding that Bitcoin may cease to be the "Monarch" of the cryptocurrency world. This is due to the fact that the coin has become very clumsy, due to its high scalability. If the developers of bitcoin do not cope with this problem, then in the future its trading may fall.
Where to store it?
In order to be completely calm about your digital assets, it is best to store Bitcoin on a cold wallet. But you should immediately pay attention that even on a powerful computer, a cold Bitcoin wallet can be synchronized for several months (this is due to the huge number of trades for all the time).
The second option is to store Bitcoins on a hardware wallet. This is a special flash drive that stores your Bitcoins on itself, which must be inserted into a computer (mobile, tablet, etc.) before selling or buying new Bitcoins.
The third variant is online wallets (multi-currency wallets) – such wallets are not reliable and can be closed at any time along with all your Bitcoins. The fourth option is storing Bitcoins on the Exchange. This option is the most neutral, but it is worth understanding that the exchange can close at any time, which means there is a chance of losing Bitcoins.
How to mine?
The thing is that the Bitcoin is mined only on asics (special equipment for the extraction of cryptocurrencies). You can'T mine bitcoins on video cards.
In order to start mining Bitcoin, you need to do the following:
- Buy Asic (preferably the latest model)
- Configure Asic
- Choose a mining pool
- Configure Asic for the desired pool
- Start the mining process