5 thing happened with bitcoin

Source: https://www.ab2l.org.br/5-major-things-that-happened-with-bitcoin-in-2017/

steemcleaners (83) · 7 years ago

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alirajput (27) · 7 years ago (edited)

Excuse me it is an orignal post i dont know from where u get get that link it is my original work . if search inrernet u will find 100 of articles like this that dosnt mean that i have copy pasted. over all this post was my high earner what u have done why please remove flaging @steemcleaners @cheetahbot

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trump3t (48) · 7 years ago (edited)

It appears as thought you took the bullet points and passed it off as your own insight but of course the line in the beginning is verbatim so it's pretty much irrefutable.

For those who have been using cryptocurrencies in 2017, we hope that you look back at the year with joy and excitement. If you are new to crypto, these are the things that you should know about what happened with Bitcoin this year:

Bitcoin Cash

Bitcoin Cash (BCH) was created on the 1st of August as a hard fork from the Bitcoin blockchain, with the goal to help users and merchants make faster and cheaper transactions. This was achieved by increasing the block size 8-fold compared to the 1 MB block size of Bitcoin. BTC.com was one of the very first companies to create a fully fledged Bitcoin Cash wallet. Are you curious to look up your Bitcoin Cash transactions? Head to the BTC.com BCH Explorer!

Segwit

Segwit is a soft fork upgrade that aims to alleviate the congestion in the Bitcoin network by allowing more transactions to fit in a block. Our wallet has also rolled out support for Segwit, which helps users make transactions at a lower price. Segwit is of course also available for our API developer users!

Forks

Soft fork, hard fork, Gold, Cash… There is so much to keep up with! 2017 has seen many forks of the Bitcoin blockchain. When a hard fork like Bitcoin Cash or Gold happened, users who had a positive bitcoin balance and owned their private keys, got credited the same amount in the forked coin. BTC.com’s philosophy is to allow users to benefit from forks as long as it’s safe. That’s why we have created a secure Bitcoin Cash recovery tool that also thousands of users with different wallets could use, and we helped our users recover their Bitcoin Gold balance as well.

Segwit2x

Segwit2x was a plan to extend the Segwit update in order to improve Bitcoin’s transaction capacity. This update, which was planned for November, aimed to increase the block size of Bitcoin from the current 1MB to 2MB (hence the name, 2x). The update has been cancelled and the Bitcoin transaction fees remained high.

Transaction fees

A thing that everyone has experienced was the heavy increase of transaction fees in the Bitcoin network. You may look at this change both as joyful and sad. Bitcoin’s adoption overgrew all expectations, which is wonderful! However, this put a lot of pressure on the network. Transactions are processed according to specific rules and miners prioritize transactions with higher transaction fees in order to receive higher gains. The competition among users to get their transactions quickly confirmed (to get in the next blocks) is what has lead to higher prices. In the BTC.com wallet users are free to choose to go with higher (quicker) or lower (slower) transaction fees.

I'm disappointed that this one feel beneath my radar and resteem is permanent. Your actions affect others @alirajput. You could have just cited your source and all this could have been avoided.

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alirajput (27) · 7 years ago

@steemcleaners please un flag my post it its original

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swissclive (63) · 7 years ago

Very good summary. What about the 10X price increase?

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alirajput (27) · 7 years ago (edited)

I think that every one knows will happened @rockystyle

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alirajput (27) · 7 years ago

I think price hick i not in measures right now its stills predictable

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rockystyle (35) · 7 years ago

Just like that, maybe it does not matter .... :)

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chesatochi (72) · 7 years ago

You made a good resume in less than 1 paragraph ;)

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alirajput (27) · 7 years ago

Thank you my frnd

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shadowblade (44) · 7 years ago

You didnt mention the biggest thing it had 1000% increase

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alirajput (27) · 7 years ago

yeah actually in my opinion these five were major and predictable @shadowblade

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alirajput (27) · 7 years ago (edited)

@sydesjokes please resteem

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yourwhale (29) · 7 years ago

You got a 11.36% upvote from @yourwhale courtesy of @alirajput!

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alirajput (27) · 7 years ago

@originalworks

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originalworks (69) · 7 years ago

The @OriginalWorks bot has determined this post by @alirajput to be original material and upvoted it!

To call @OriginalWorks, simply reply to any post with @originalworks or !originalworks in your message!

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resteembot (48) · 7 years ago

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