What is fork process ?How to take advantage of it ?

in #cryptocurrency7 years ago

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Litecoin jumps 10% because of a change in the protocol, Block Chain

  • Litcoin rose 10% today after a change in Block Shin called HardFork led to the creation of a new digital currency.

Lite coin, the fifth-largest digital currency by market value, rose 5% to $ 239 on the PeteFlex platform at 6:15 pm Mecca time,

After recording $ 246.19 earlier in the day, as it rose nearly 10% in the past 24 hours.

Hard-Fork means a radical change in the Block chain protocol, leading to the creation of a new Block Shin, and thus a new digital currency, which actually happened on Sunday and resulted in the currency of litecoin Cash.

Last week, the founder of Litecoin,

Charlie Lee

, said through his Twitter account that any change in a default-linked event was purely fraudulent and outside the company's plans.

-

Ethereum Classic

- A split or a fork of the classic Ethereum Classic will be released on March 5th to produce a new coin called Callisto,
Where the classic outfit has risen strongly throughout the month ahead of the February 28 event
We are waiting for the same archeological performance until the 5th of next March
Where after the announcement of the process of the Euphrates for the classical Ethereom used the currency strongly and went up as remarkable as what happens in any process Fork .

  • How to take advantage of this freek process?

You will buy the currency until the date of February 5, and sell all your currency before the euro because the currency usually occurs when the value of the currency decreases because the new currency is better than because it

Is a software update to remedy the defects and quality in the original currency and often address the defects were present, but we do not know what will be the price of the new currency so that we risk the possibility to put at a suitable price to compensate for the decline

Which will happen in the base currency after the Furok

Although the etherium is a classic of the etherium family, it is often possible that there will not be a decline in the currency after the fact that bicarbonate and etherium are strong currencies that are not affected by these divides and do not fall in price

After the division of the currency of the Ethereom Classic will get everyone who owns the currency to the equivalent of the new currency Callisto

Everyone who has 1 Ethrium Classic will get 1 Calisto

Metallurgical is now mining the Ethereom Classic to take advantage of this strong rise

As the etherium classic coin mining is no different from etherium mining, it uses the same program, changes the pool to ETC's urine and changes the address to another Etc

From your account on any platform like Polonix, Betrix or Cryptopia

I wish you find it useful

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