Abstract: Keywords coin circle in 2017 is ICO, what is this? Some analysts said, based on Bitcoin The formation of "bifurcation and bifurcation coin craze." this year, bitcoin may bifurcate 50 times, the resulting bifurcation coin "family" may not only replace the use of ICO financing, is more likely to be diverted to other well-known alternative currency share price even lower bitcoin currency and mainstream bifurcation.
Since last August after the bitcoin bitcoin cash from "hard bifurcate" currency circle seems to set off a frenzy of bifurcation. Some people hope to improve the defects of bitcoin, but some bifurcation be directly identified as "quanqian". How this trend will change?
Many vertical media Bloomberg and the digital currency industry have said the author, based on the bifurcation case bitcoin will only increase in January this year, has been brewing launched bitcoin currency based on bifurcation bifurcation. Some analysts said that this year, bitcoin may bifurcate 50 times, the resulting bifurcation coin "family" may be replaced by Wright coins, coins and other well-known reboxetine currency alternative (altcoin).
According to the Autonomous Research Lex Sololin global head of financial strategy of science and technology statistics, last year the global bitcoin bifurcation occurred 19 times. CoinDesk data show that in December last year, there were at least 14 times. In addition to being familiar with the market bitcoin cash and coins and diamonds, gold, bitcoin bitcoin, bitcoin world super God, bitcoin, bitcoin X, bitcoin bitcoin, light oil and so on.
These common features are: bifurcation coin names are associated with bitcoin, support for bitcoin holders in fixed proportions issued new currency, bitcoin core developers master bifurcation new currency a greater proportion. A limited supply of new currency, in order to raise the market price, on the other hand in the currency increased furcation user base, because bitcoin owners is free to send money".
But allow bitcoin owners to collect money wallet vendor Coinomi bifurcation CEO George Kimionis believes that most bitcoin project based on the bifurcation are money, with investors blindly chasing the bitcoin currency and mainstream bifurcation psychology, and not really want to make a contribution to the block chain ecosystem.
Wall Street horizons mentioned, an Yongyan report shows that last year for the first time in the token issued (ICO) raising $3 billion 700 million, more than 10% are due to hacker attacks has been stolen or lost. From the end of last year, ICO also significantly slowed the pace of financing, only 25% of the ICO to raise the target amount, down 90% from last summer.
Kimionis believes that the bifurcation is generally the original copy of bitcoin blockchain programming, in a block to add new functions, such as the expansion of capacity and isolation block certification, a new currency issue completely pure to ICO easily, may lead to bifurcation to gradually replace the ICO financing. WinterGreen Research CEO Susan Eustis also pointed out that as Chinese prohibit ICO illegal financing, the domestic start-up companies may use the currency based on bitcoin and bifurcation bifurcation to raise money.
Bloomberg article also mentioned the bifurcation currency interest groups. For example, tens of thousands to millions of developers and server farms can participate in the currency of the bifurcation excavation and support system, core developers and miners can wait for a new currency value and profit, the old mill or only support GPU graphics mining bifurcation currency, can effectively promote the body of miners "re employment".
But based on the bifurcation currency bitcoin can achieve price leap is unknown. For example, bitcoin cash currency as the first bifurcation of bitcoin, the market value has jumped to fourth digital currency, but as a symbol of the Shiba dog coins (Dogecoin) market value of only $770 million, bitcoin cash 1/36.
Success is "live money claim bifurcation". CoinCentral.com pointed out that the currency is not automatic delivery to the bifurcation of original digital currency holders, in addition to see whether to support the new currency trading platform, but also to see whether investors have bitcoin wallet key. Choose the currency bifurcation but also cautious, especially to see whether there is a "replay protection" (replay protection), or the actual use of new money is very small, and may be attacked.
The main industry is currently expected, bifurcation and bifurcation based on bitcoin currency, will be staged in the large scale this year, bitcoin may even occupy the mainstream of the market value of currency or bifurcation. The hedge fund manager Ari Paul predicted that with the emergence of new bifurcation, bitcoin and bitcoin cash prices may be an overall decline of at least 10%.