Coinbase released it’s latest statement Tuesday evening on the upcoming fork in November. Just a day earlier coinbase had released a statement basically saying that the current bitcoin would stay the same (BTC)and the new bitcoin 2x would be called B2X and basically be another crypto. Then the next day they had to clarify on the fork in November concerning the B2X. They will be giving these two coins a few weeks to see how the market and miners react to both and the one with higher mining difficulty will be labeled bitcoin. For those not familiar with mining bitcoin, this means the more people that are mining the more computing power that BTC network has and the higher the difficulty. Basically if more miners support btc rather b2x btc stays as btc chain.Confused a bit? Yeah, sounds like a revolving door but I’m just trying to shed some light on the latest from coinbase and the next bitcoin fork. When I was first starting out in the cryptospace and I heard about forking, I was a bit confused. When you are putting your money into something it is always important to understand the trade. Learning about forks and their affect on the cryptocurrency market is essential to holding bitcoin or any cryptocurrency for that matter.
