Fear and accumulation towards August 1, 2017, and the creation of Bitcoin Cash that resulted in the original chain was monumental. However, it was a wet squib for the future of Bitcoin as it actually grew in value.

Since then, forks on Bitcoin have become almost as common as ICOs, and in fact, the forks on the Bitcoin chain are looking to be the latest trend for 2018 as newer companies seek to cash in the name. familiar with Bitcoin.

Already a Forking Disorder

Bitcoin Cash is, of course, the best-known Bitcoin fork, sitting comfortably in the top five coins in terms of market capitalization. However, in 2017, there were 19 Bitcoin forks recorded. Still, nothing beats the 50 expected this year, according to Lex Sokolin, global director of fintech strategy at Autonomous Research. provide rudimentary programming skills to launch a clone. This will of course have a big effect on the cryptocurrency market, as predicted hedge fund manager Ari Paul in a tweet:

9 / BTC and BCH will continue to fork off and> 10% of the value of each (if it stands today) will reside in new ramifications – Ari Paul (@AriDavidPaul) January 14, 2018

That is the fork?

There are a number of reasons to fork Bitcoin Blockchain, some do, in the case of Bitcoin Cash, to apparently enhance the facets of the old coin, while others may have different reasons. As George Kimionis, CEO of Coinomi, says:

"Unfortunately, most of the fork projects we see today are more just a money grab." In a few years , we might realize that it was simply mutations favored by investors blinded by digital price hikes rather than by honest attempts to contribute to the Blockchain ecosystem. "

Kimionis also sees a new phase in the OIC market with the original hype simmering somewhat. Forking adds a small advantage to a new coin. And Rhett Creighton, who works on Bitcoin's next private fork, predicts:

"Bitcoin forks are kind of a new altcoin, and we're going to see a bunch of bitcoin forks now, and they're going to start to replace some of the top one hundred altcoins. "

Danger for the Vision

It's hard to see these minor forks, even the likes of Bitcoin Gold and Diamond who reached the news , really, really, adding a lot to the Blockchain environment. Even Bitcoin Cash has been linked to a silver making system for the likes of Jihan Wu and Roger Ver. The difference between trying to improve the Blockchain, and earning money with a name, is a very fuzzy line.