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⭐ Features
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Queerest Bitcoin Forks So Far: ‘God’, ‘Pizza’, What Is Next?

  • Yuri Molchan
    ⭐ Features

    Bitcoin has had over 44 forks but three of them sound to be strangest

Queerest Bitcoin Forks So Far: ‘God’, ‘Pizza’, What Is Next?
Cover image via u.today
Contents

At the end of 2017, when the crypto market prices reached their peaks, and before 2018 shot off, several Bitcoin forks appeared. Some of them had quite peculiar titles. Back then, regulators banned some of ICOs, both promising and silly ones, platforms initiated forks of existing projects to ensure themselves interest and liquidity at an early stage.

Every project with a high potential is ‘balanced’ with a bad or silly one. Same goes for Bitcoin. In this story, we will go into three weirdest forks of Bitcoin, which either started off with ridiculously ambitious targets, doubtful and unrealistic aims to ‘save the world’ or those that large players just got over.

Bitcoin Pizza

Bitcoin enthusiasts still remember it when BTC was actually used to buy something for the first time. It was two pizzas and they cost whole 10,000 BTC, which was really cheap back in 2010. Now we have a coin named Bitcoin Pizza (BPA).

The fork took place on Jan. 1, 2018, at block height 501888. BTC owners on exchanges received the exact amount of new coins on a 1:1 ratio with Bitcoin.

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The curious ambition of this fork is that the creators decided to introduce a directed acyclic graph into the Bitcoin structure. Byteball and IOTA use the same technology. Bitcoin Pizza gave its supporters tokens from an airdrop and then promised that they would be allowed to change them for official BPA coins later. However, Blockchain systems cannot be combined with directed acyclic graphs.

Bitcoin Pizza is now pretty much forgotten; their website has long been offline.

Bitcoin God

If Bitcoin is often dubbed the ‘major’ crypto coin, then Bitcoin God (GOD) lifts this status way higher.

This fork sprang to life on Dec. 17, 2017, intended as the first charity Blockchain platform at block height 501225.

Funny as it may seem, initially Bitcoin God was planned to launch on Dec. 25, on Christmas Day.

The idea was that GOD users would vote how many tokens of this Blockchain charities may receive for free. 17 mln GOD coins were given to Bitcoin owners on a 1:1 ratio, 400,000 are intended to be used as rewards to miners (Proof-Of-Stake consensus protocol). 3.6 mln coins are going to be airdropped to charity organizations.

The coin still exists. It supports smart contracts and SegWit along with Lightning Network, and it is anonymous, like Zcash, Dash or Monero.

The coin looks interesting and technically advanced compared to some of its peers. However, the point of its existence with giving away a lot of its supply still raises questions from the crypto community.

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BitcoinBoy

Despite the possible similarity to a GameBoy from the 90s that may leap to somebody’s mind, it has nothing to do with it.

BitcoinBoy (BCB) emerged as a result of a fork on Dec. 31, right on the New Year’s day at block height 501888. As was in the case of Bitcoin God, it implemented smart contracts and zero-knowledge proofs. BCB coins were lavishly spread around, and BTC holders got an exact amount of BCB to their BTC coins. Besides, BitcoinBoy introduced ‘built-in intelligent contracts’ for emitting assets on the Blockchain and for building dApps in order to ‘upgrade’ the BTC chain.

Bitcoin Cash claimed approximately the same targets and has been more successful in achieving them.

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About the author

Yuri is a journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future. ‘Hodls’ cryptocurrencies. Has written for several crypto media. Currently is a news writer at U.Today.

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📰 News
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Top Bitcoin Miner Warns – Bitcoin’s Privacy Features Are ‘Quite Poor’

  • Yuri Molchan
    📰 News

    The head of a major Bitcoin mining pool says that Bitcoin privacy is weak and must be improved to prevent BTC from avoiding governments’ clampdown

Top Bitcoin Miner Warns – Bitcoin’s Privacy Features Are ‘Quite Poor’
Cover image via www.123rf.com
Contents

The CEO of one of the largest BTC mining pools, Poolin, has recently stated in an interview that Bitcoin privacy has to be improved. The current privacy features make BTC vulnerable to potential regulatory bolt tightening, says he, as reported by Forbes.

The Poolin mining company was set up by several former employees of BTC.com – a world’s major mining pool, a subsidiary of Bitmain. Among them was the Poolin’s current CEO Kevin Pan.

“Bitcoin’s privacy features are quite poor”

Over the past years, developers have suggested several ways to improve Bitcoin’s privacy. However, those were rejected by the community, since they would hard such major things as security, scalability, etc.

A good example here is Confidential Transactions that were among those suggestions. They disguise the amount of BTC sent in transactions. However, the integration of it was rejected, since it could have had a negative impact on the public verifiability of the present BTC supply.

Kevin Pan says that privacy is much more vital for a crypto asset development than scalability. Pan says:

“There is no other big question if the privacy issue is solved.”

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Governments may start controlling BTC miners

The company CEO believes that in theory, authorities or law-enforcement agencies may start telling miners to block certain address from receiving funds or sending them. However, in that case that would have to be 51 percent of the BTC network.

Pan believes that unless a solution to this problem is found soon, governments will get a chance to prevent transactions to certain addresses from happenning.

“What is more troublesome now is if government or law enforcement departments begin to create a blacklist of transaction addresses, it will make certain transactions unable to be packaged.”

“In fact, these can be done. But if there is privacy, you can't know who the address belongs to, and you can't determine how much the amount is, and there is no way to control the currency system. So for me, Bitcoin is basically no problem if the issue of privacy can be solved.”

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China plans to clamp down on BTC miners

Previously, U.Today reported that Inner Mongolia, an autonomous region of China, plans to ban all the numerous mining pools located there soon.

Since this region is one of the biggest local crypto mining areas, some believe that China is about to ban mining of all cryptocurrencies ahead of the so-called ‘China Coin’ launch.

Do you think that poor Bitcoin’s privacy features could indeed bring down regulatory control over BTC one day? Feel free to share your view in the comments section!

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About the author

Yuri is a journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future. ‘Hodls’ cryptocurrencies. Has written for several crypto media. Currently is a news writer at U.Today.

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