Altcoins Talks - Cryptocurrency Forum
Crypto Discussion Forum => Cryptocurrency discussions => Topic started by: Switchere_official on November 06, 2020, 12:53:31 PM
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In the next month there will be several events on the crypto market that may affect both the value of individual assets and the market as a whole.
Stratis STRAT: Starting the main network
The Stratis blockchain working on the Proof of Stake (PoS) algorithm was created as a competitor of Ethereum and NEO. The launch of the main network is scheduled for November 12. The exchange will last until October 16, 2021, after which all unclaimed STRAX tokens will be “burned”.
Bitcoin Cash BCH: Hardfork
On November 15 another hardfork Bitcoin Cash is scheduled. Perhaps there will be a division into two separate blocks. This is due to the fact that the developers of Bitcoin Cash ABC decided to increase the commission for miners up to 8% for the produced block, which caused a split among the community members.
If there is a chain split after hardfork, the new one will be called Bitcoin Cash Node (BCHN). Many exchanges have already announced their support for the upcoming hardfork. For example, Binance has supported the miners and will be considered the main chain Bitcoin Cash Node. To get coins in the new blockcheck must keep tokens Bitcoin Cash ABC on your wallet or on any exchange that has declared support for hardfork. Recall that Bitcoin Cash is the fork of the first Bitcoin cryptographic currency, the division of the two chains occurred on August 1, 2017. Later in 2018 Bitcoin Cash was divided into 2 more chains — Bitcoin Cash ABC and Bitcoin Cash SV.
Zcash ZEC: Halving the award
In the Zcash blockchain, halving occurs every 840,000 blocks produced or approximately every 4 years. Initially, the reward for the mined block was 12.5 ZEC, and after the upcoming halving will be reduced to 3.125 ZEC. The main purpose of halving is to control the emission of crypto material and to contain its inflation. In contrast to fiat money, the total supply of crypto is limited: no more coins can be issued than the original crypto.
Golem GNT: Migration of tokens
November 19 starts the exchange of GNT tokens to new tokens standard ERC-20, which is necessary for the operation of the New Golem block. After running the main network of New Golem, the old GNT token will no longer be supported by developers. The exchange process has no end date, so users can take their time. Also developers Golem Factory said that they will provide a user interface for easy exchange and warned that they will inform the name of the new ticker only on the day of launch. This is done in order to prevent fraudsters to mislead Golem users. The name of the new ticker will appear on the day of exchange in the developers’ blog (blog.golem.network).
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Those coin prices will be good you think? Many major exchanges offer those 2 hard fork coins. But I was expecting some pumps in the BCH market. But I am seeing more good news upcoming after this DeFi hype. ETH 2.0 is also ready and after that, we saw the price pump. Hope these events will push the BTC price to the 20k level.
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I don't think these two coins are too interesting, what we are waiting for this year is the increase in the price of bitcoin on exchanges, because when there is a halving it doesn't attract investors.
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In the next month there will be several events on the crypto market that may affect both the value of individual assets and the market as a whole.
Stratis STRAT: Starting the main network
The Stratis blockchain working on the Proof of Stake (PoS) algorithm was created as a competitor of Ethereum and NEO. The launch of the main network is scheduled for November 12. The exchange will last until October 16, 2021, after which all unclaimed STRAX tokens will be “burned”.
Bitcoin Cash BCH: Hardfork
On November 15 another hardfork Bitcoin Cash is scheduled. Perhaps there will be a division into two separate blocks. This is due to the fact that the developers of Bitcoin Cash ABC decided to increase the commission for miners up to 8% for the produced block, which caused a split among the community members.
If there is a chain split after hardfork, the new one will be called Bitcoin Cash Node (BCHN). Many exchanges have already announced their support for the upcoming hardfork. For example, Binance has supported the miners and will be considered the main chain Bitcoin Cash Node. To get coins in the new blockcheck must keep tokens Bitcoin Cash ABC on your wallet or on any exchange that has declared support for hardfork. Recall that Bitcoin Cash is the fork of the first Bitcoin cryptographic currency, the division of the two chains occurred on August 1, 2017. Later in 2018 Bitcoin Cash was divided into 2 more chains — Bitcoin Cash ABC and Bitcoin Cash SV.
Zcash ZEC: Halving the award
In the Zcash blockchain, halving occurs every 840,000 blocks produced or approximately every 4 years. Initially, the reward for the mined block was 12.5 ZEC, and after the upcoming halving will be reduced to 3.125 ZEC. The main purpose of halving is to control the emission of crypto material and to contain its inflation. In contrast to fiat money, the total supply of crypto is limited: no more coins can be issued than the original crypto.
Golem GNT: Migration of tokens
November 19 starts the exchange of GNT tokens to new tokens standard ERC-20, which is necessary for the operation of the New Golem block. After running the main network of New Golem, the old GNT token will no longer be supported by developers. The exchange process has no end date, so users can take their time. Also developers Golem Factory said that they will provide a user interface for easy exchange and warned that they will inform the name of the new ticker only on the day of launch. This is done in order to prevent fraudsters to mislead Golem users. The name of the new ticker will appear on the day of exchange in the developers’ blog (blog.golem.network).
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What? Another hard fork of BitcoinCash I thought it's just only an upgrade, But base on what you said it might result in a new blockchain with a new coin, another form of a money-making scheme, I hope people dont buy that kind of trick anymore its too many copycats in the cryptomarket now with the same functions thats why I'm sick to see this again.
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big events will happen this month...
what I'm waiting for the most is the BCH fork because I HODL some BCH at the moment. hopefully, it goes smoothly and profitable.
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For me the biggest event this year was bitcoin halving and eth upgrade would be the second and i think these two have the potential to drive whole market through positive sentiments while the events from other coins would also be greta for their community of supporters and investors.
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All kinds of users were waiting for the price to rise. People were thinking about it, especially after the hype was over. But the value of the coins did not increase much after the hype event. In particular, Ethereum, Bitcoin, bitcoin cash were likely to increase in price. But then prices began to fall. So I think in the current event the price tends to get much higher. Extensive potential for users. An art strategy to market and improve is currently being noticed. So users are definitely talking a lot.
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This coins you mentioned have really being strong coina over the years. If Bcash forks I see it not yielding Andy positive move on the crypto space.
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The news is useful, so I added karma. There is a lot of news in the world of cryptocurrency and sometimes we do not have time to get acquainted with them. I have heard very little about the Stratis coin. If it's released as a competitor to ethereum and EOS, that's pretty good. Competition is the main engine of progress.
For me, the big deal will be the gradual launch of the first phase of the Ethereum 2.0 improvements, which should happen on December 1st. Hopefully, the scalability and congestion issues will soon disappear on the ethereum network and this coin will go up in price.