At block 494,784 (estimated to occur Nov. 16) Bitcoin will fork in two. Bitcoin holders will get 1 Bitcoin Segwit2x for every Bitcoin they own. That is a big reward, but there are risks.
Cryptocurrencies like Bitcoin can be “forked.” In simple terms, this either creates two versions of a coin or updates one version.
Sometimes new coins are created this way.
In other cases coins can be “airdropped” to people who hold existing coins for a myriad of reasons.
This section includes information on cryptocurrency forks and airdrops.
The Bitcoin Segwit2x fork happened at block 494,784. This block occurred on Nov. 17. Anyone with Bitcoin before the block now has equal parts Segwit2x.
The block number (AKA block height) tends to matter more than the date with crypto forks. In many cases a snapshot for a fork will happen at a block height, and the date is secondary.
We ask the question, “will Altcoins see a boom after the Bitcoin Gold hard fork; or, not.” That is, “should we be eyeing alts, riding Bitcoin, or sitting back and waiting?”
Coinbase has come out and announced the Bitcoin Gold fork has already taken place! If that is true, it means the time to get free Bitcoin Gold by holding Bitcoin has already passed.
Bitcoin Gold “hard fork” means “free coins” for holders of Bitcoin, but it is unclear if the snapshot date is Oct. 25, block 491,407, or something else.
A hard fork is when a single cryptocurrency splits in two. It occurs when a cryptocurrency’s existing code is changed, resulting in both an old and new version.