AltcoinNews MORE HARD FORK OF THE BTC? Here comes the BITCOIN SILVER! written by btcgpu October 27, 2017 Increasingly brokers have withdrawn their support for the SegWit2x and it seems that there is a new fork coming. This time is the Bitcoin Silver. Another Decentralisation The development team of the Bitcoin Silver announced through the Bitcointalk Forum who want to “make the Bitcoin decentralized again.” The mission of the Bitcoin Silver is a return to the idealistic vision of Satoshi Nakamoto: “A CPU, one vote”, which are being distorted lately. A small group of miners and institutions is capable of pressing or discriminating against others (for example, preventing access to the equipment). To return to the complete decentralization, the team plans to change the algorithm for proof of work SHA256 for the Equihash (the same as the Bitcoin Gold). Because of this, equipment focused on SHA256 will not be efficient. The Btsi will offer a new chance for novice users to participate globally in mining of criptomoedas, through common equipment produced by joint ventures. A decentralized and democratic vision of mining infrastructure is more consistent with the ideas of Sena. What BITCOIN SILVER WANT TO BE? The new algorithm will be implemented in December. So that the block specific to the fork is mined, the fork will happen and people will begin to mine the BTSI based on Equihash. This will generate another division in the BTC. The Btsi will share the history of transactions with the BTC until a given block, and after iso, will separate into a different currency. The distribution of the BTSI will happen in the same way that with the Bitcoin Gold and the Bitcoin Cash. People who have possession of their private keys from BTC in December will receive an equivalent amount in the Bitcoin Silver. Share this:Click to share on Twitter (Opens in new window)Click to share on Facebook (Opens in new window)Click to share on Google+ (Opens in new window)Like this:Like Loading... Related bitcoin silverBTSIhard forknews 0 comment 0 Facebook Twitter Google + Pinterest btcgpu previous post Information about definitive mining setup bitcoin gold (BTG) next post NOT official websites & SCAMS related posts Bitcoin Gold Exchange List October 26, 2017 Bitcoin, cryptanalysis decentralised assets and applications: really understand... October 26, 2017 Information about definitive mining setup bitcoin gold (BTG) October 27, 2017 Bitcoin Gold (BTG) Replay Protection Fully Implemented November 1, 2017 Bitcoin Gold Wallets October 26, 2017 Bitcoin Gold Testnet Launched November 1, 2017 Bitcoin Gold: what you need to know about... October 25, 2017 Interview With h4x3rotab Lead Developer of the Bitcoin... October 30, 2017 NOT official websites & SCAMS October 30, 2017 Bitcoin Gold Mining Hardware October 30, 2017 Leave a Comment Cancel Reply Notify me of follow-up comments by email. Notify me of new posts by email.