Bitcoin Rhodium (BTR) has just released an updated version of their wallet at wallet.bitcoinrh.org. It has enhanced safety features, including the option to set up a security question and two factor authentication.
Anyone can now sign up for a Bitcoin Rhodium wallet, even if they did not apply for the airdrop. While this won't get you any of the free coins, at least you'll have somewhere, other than an exchange, to store BTR if you decide to acquire some once they are listed next month.
What price Bitcoin Rhodium will trade at when it does hit exchanges is anyone's guess. In my opinion, however, it has two significant advantages over previous Bitcoin fork/airdrop projects.
The first advantage is its limited supply of 2.1 (yes, that's two point one) million, which is one tenth of the eventual supply of Bitcoin (BTC). Most other projects, including Bitcoin Cash (BCH) and Bitcoin Gold (BTG), copied BTC's supply of 21 million or went higher, such as Bitcoin Diamond's (BCD) 210 million.
Another distinctive that gives Bitcoin Rhodium an edge over its competitors is the way that it was distributed. Being an airdrop that had to be applied for, means that those who have BTR wanted it and are thus invested in its success. Holders also received their coins without having to split them or put their Bitcoin at risk in any way. BTR is more than an automatically awarded clone fork of BTC. Their website puts it this way, "But we want to be a best friend with BTC."
For mine, the Bitcoin Rhodium team has done an excellent job with this project and given it every chance of success.
Bitcoin Private (BTCP) has just announced the dates for their snapshot and co-fork of Bitcoin (BTC) and ZClassic (ZCL).
On February 28, 2018, a snapshot of all existing BTC and ZCL holdings will take place. If you own either or both of these cryptocurrencies and control your private keys when the snapshot takes place, you will receive an equivalent quantity of BTCP for free. For example, if you have 3 ZClassic and 1.5 Bitcoin, you will get 4.5 Bitcoin Private.
The actual creation of Bitcoin Private through the hard fork will occur two days later, on March 2, 2018.
The BTCP project is well-backed, with a team of 70 plus, including more than 20 developers. It's certainly one to watch, in my opinion.
You can read more about BTCP in the article, Bitcoin Private to Launch from Bitcoin and ZClassic. The official Bitcoin Private website is btcprivate.org and you can follow them on Twitter @bitcoinprivate.
If you registered for the Bitcoin Rhodium (BTR) airdrop you can now claim your free coins. To do this, visit the official BTR website, BitcoinRH.org, click on the 'Claim Your BTR' tab and follow the instructions. Don't try to claim BTR from anywhere else, as there are many scam sites set up that are ready to steal your Bitcoin.
The Bitcoin Rhodium team have made the process as easy as possible by providing detailed, step-by-step instructions and answers to frequently asked questions about the BTR wallet here.
Unlike the Bitcoin hardforks of Bitcoin Cash (BCH) and Bitcoin Gold (BTG), Bitcoin Rhodium is not awarded to all Bitcoin holders who control their private key, but only to those who registered for the airdrop. You can read more about that in the article, Bitcoin Rhodium Airdrop Registrations Open.
The @Bitcoin Twitter handle was claimed in August 2011, however, recently there has been a significant change in the focus of its tweets. During 2017, many of the @Bitcoin tweets were simply retweets of @CoinDesk updates on the Bitcoin (BTC) price. Starting January 3, 2018, the account became much more active, with a strong emphasis on Bitcoin Cash (BCH).
This promotion of Bitcoin Cash has led some to conclude that @Bitcoin has been sold or hacked, and is now controlled by Bitcoin.com or somone involved with the site — an accusation that has been denied. Whatever the case, there is no doubt that @Bitcoin is now being used to push the idea that Bitcoin Cash is the real Bitcoin. And with nearly 700,000 followers, this false message will be spread far and wide.
For more information about Bitcoin Cash and Bitcoin.com read, Bitcoin Cash is Not Bitcoin and Don't Get Burned by the Bitcoin.com Wallet.
Bitcoin Private (BTCP) is a forthcoming crytocurrency that will be created in a way that hasn't been done before. It will co-fork ZClassic (ZCL) and Bitcoin (BTC) on a date that is yet to be determined. Another layer of interest added to the mix is that ZClassic is itself a fork of Zcash (ZEC).
News of this unique hard fork sent the ZClassic market into a frenzy, with the price rising from $2 to as high as $235. This could be explained by the expectation that Bitcoin Private may trade at a high price upon release, as have previous forks, Bitcoin Cash and Bitcoin Gold.
The concept behind Bitcoin Private is a very clever indeed, as it will benefit from aspects of both of the coins from which it forks. It will have the privacy features of ZClassic and the recognition and branding power of the word 'Bitcoin'.
The naming aspect itself could give Bitcoin Private the edge over competing privacy focused coins, such as Monero and Zcash. While almost everyone has heard of Bitcoin, the other names would register with very few people outside of the cryptocurrency community. The familiarity of the Bitcoin name helps to establish trust, and this goes a long way towards promoting acceptance and adoption.
So how can you get your hands on some Bitcoin Private when it becomes available? Well, the best way is to own some Bitcoin and/or ZClassic. If you possess either or both of these and control your private keys at the time of the snapshot, just prior to the fork, you will receive an equivalent quantity of Bitcoin Private for free. For example, if you have 2 ZClassic and 0.5 Bitcoin you will get 2.5 Bitcoin Private.
For more information about Bitcoin Private, visit their website btcprivate.org and official Twitter page @bitcoinprivate.
First came Bitcoin Cash, then Bitcoin Gold, followed by announcements of Bitcoin Diamond, Super Bitcoin, Bitcoin Platinum, Lightning Bitcoin and now a plethora of Bitcoin blockchain hard forks and airdrops are flooding onto the scene. Some are fake, while others are jokes or even scams, however, many will turn out to be legitimate and this is good news for Bitcoin holders.
If you hold Bitcoin and control your own private key, then you are entitled to free amounts of these fork created cryptocurrencies as they become available. The number of free coins is usually equivalent to the quantity of Bitcoin you own at the time of the fork, although there are some cases where the ratio is as high as ten to one.
Here are some tips for keeping your Bitcoin safe and getting the most out of all of these potential cryptocurrency dividends.
Bitcoin Cash spiked in price to nearly $4,000 today, after it was listed on major cryptocurrency exchange, Coinbase. In fact, the price started to move upwards prior to this, which has led to accusations of insider trading. The spike coincided with a drop in the price of Bitcoin and created much media interest. The coverage of the story has given a prominent platform to proponents of Bitcoin Cash.
One of the most vocal and influential promoters of Bitcoin Cash has gone as far as to say that Bitcoin Cash is the real Bitcoin. This type of statement has the ability to cause much financial harm when broadcast to potential Bitcoin investors. Those new to cryptocurrencies are often unfamiliar with the history and background of Bitcoin and Bitcoin Cash, and could unwittingly invest in the wrong one if they take what they've heard at face value.
Let me make it clear. Bitcoin Cash (BCH) is not Bitcoin (BTC). Bitcoin Cash is a separate cryptocurrency that was created by a hard fork of the Bitcoin blockchain. It is an altcoin, an alternative currency to Bitcoin.
There are many altcoins, but there is only one Bitcoin and it has the ticker BTC. So if you're looking to invest in Bitcoin, make sure you buy BTC. If you get BCH, you have Bitcoin Cash, not Bitcoin. If you get BTG, you have Bitcoin Gold, not Bitcoin.
Get BTC. It's the real Bitcoin.
Bitcoin Rhodium (BTR) is a new cryptocurrency that is being distributed via airdrop. Unlike hard forks of the Bitcoin blockchain, such as Bitcoin Cash and Bitcoin Gold, it will not simply be awarded to Bitcoin holders who control their own private key. Instead, you need to sign up to receive the coins using your Bitcoin address and an input signature which you generate from your Bitcoin wallet.
You sign up for this airdrop via the official Bitcoin Rhodium website, BitcoinRH.org. Do not sign up for it anywhere else. There are bound to be, if there aren't already, scam sites set up pretending to be official that will try and steal your Bitcoin. You can protect your Bitcoin by never sharing your private key or seed phrase. Any site or email, regardless of how legitimate it looks, that asks for this information is attempting to scam you. No matter what they say, never share it. If you do, you will never see that Bitcoin again.
Bitcoin Rhodium is limited to 2.1 million coins. Yes, the decimal point is not a typo, it's two point one million, not 21 million like Bitcoin. If you register by December 25th 2017, you will receive 5 BTR. There is also a snapshot of the Bitcoin blockchain planned for January 10th 2018, to facilitate a possible second airdrop, and on January 18th you will be able to create a Bitcoin Rhodium wallet and claim your BTR.
The overall coin distribution of BTR will be:
Public mining will open up at the end of January 2018.
For more information about any of the details related to this airdrop visit BitcoinRH.org and their official Twitter page, twitter.com/BitCoinRh.
Lightning Bitcoin will be created when it strikes in the form of a Bitcoin blockchain hard fork on December 23, 2017 at block 499,999. If you hold Bitcoin (BTC) at the time of the fork and control your own private key, you will be rewarded with an equivalent quantity of Lightning Bitcoin (LBTC).
The pitch of the lightning team, Jack Zhang and Dou Wang, is that Lightning Bitcoin will combine the advantages of Bitcoin and Ethereum by promoting decentralization and supporting smart contracts. It will adopt a proof of work (voting rights for token holders), rather than proof of stake consensus mechanism, and will combine this with a 2M block size, with the goal of improving transaction speeds.
For more information about Lightning Bitcoin, you can visit their official website, LightningBitcoin.io and get updates via twitter.com/LightningBTC
The hard forks of the Bitcoin Blockchain just keep on coming. The latest, Bitcoin Platinum, is set to take place around December 12, 2017 at block 498533.
Bitcoin holders who control their own private key at the time of the fork will receive an equivalent number of Bitcoin Platinum for free. This will provide another opportunity to increase your Bitcoin holdings by selling the free coins and using the proceeds to acquire more BTC.
Unlike some of the other forks, Bitcoin Platinum, will not have a pre-mine. They say that this will, "provide you more valuable currency without any possibility of fraud or centralization."
For more information you can visit the official Bitcoin Platinum twitter account and website btcplt.org which redirects to their GitHub page.
Bitcoin to the Moon is a blog dedicated to following the original cryptocurrency on a journey to its ultimate destination.
Like what you've read?
Please consider leaving a tip at 14UFE26Cs8v5fKS7XR9cipdijA3W23LTQu or scan the QR code above. You can also subscribe to keep up to date with the latest posts. Thanks very much :)