Monero suffered a hard fork for 6 weekssteemCreated with Sketch.

in #monero7 years ago (edited)

 

Hard forks are highly anticipated events in crypto-land. They  often offer an opportunity for coin holders to get a free airdrop which  increases the value and investment levels in the original coin leading  up to the fork. Monero is about to be forked into MoneroV, however the  team has delayed the split for a further six weeks. 

 According to a blog post  on the fork, the MoneroV team stated that the snapshot date will be  postponed to around April 30, or at block 1564965. A growing demand and  increasing expectations from users, trading platforms, and large mining  pools were cited as the reasoning behind the delay.

Exchange Cooperation Needed

The  post went on to elaborate that in order to facilitate the airdrop to  XMR holders, exchanges would have to list MoneroV or XMV. This would  take additional time to process and implement.Previous hard forks such as the Litecoin Cash split have not been as successful as they could have due to the convoluted and risky process of claiming the free coins.If  the exchanges already support the new fork then more people will  benefit from it leading to greater adoption, usage and investment, which  will be good for both Monero and MoneroV. 

 a source :  http://bitcoinist.com/monerov-hard-fork-faces-delay/

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For future viewers: price of bitcoin at the moment of posting was 9298.10USD. Happy trading!

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