Two upcoming Bitcoin forks—Bitcoin Segwit2x and Bitcoin Gold are taking place on October 23rd and November 16th.
What is a Bitcoin “fork”?
A “fork” is a change to the software of the digital currency that creates two separate versions of the blockchain with a shared history. Forks can be temporary, lasting for a few minutes, or can be a permanent split in the network creating two separate versions of the blockchain. When this happens, two different digital currencies are also created.
The Bitcoin Segwit2x fork is projected to take place on November 16th and will temporarily result in two bitcoin blockchains.
Coinbase one of the biggest cryptocurrency exchange and wallet provider announced this today
“Following the fork, we will continue referring to the current bitcoin blockchain as Bitcoin and the forked blockchain as Bitcoin2x.
Any customer with a Bitcoin balance on Coinbase at the time of the fork will be credited with an equal amount of the Bitcoin2x asset on the Bitcoin2x blockchain. No action is required—we will automatically credit your account. So, if you have 5 Bitcoin stored on Coinbase before the fork; you will have 5 Bitcoin and 5 Bitcoin2x following the event.
The Bitcoin Gold fork is projected to take place on October 23rd. Information about this fork has been limited and there are concerns about its security and stability. As a result, we do not believe it is safe to allow support for Bitcoin Gold at this time. If the blockchain proves to be secure and valuable, Coinbase may choose to support it.”
For more information about Bitcoin Gold please visit.”
Disclosure: Some of the links on are "affiliate links", a link with a special tracking code. This means if you click on an affiliate link and purchase the item, we will receive an affiliate commission. The price of the item is the same whether it is an affiliate link or not. Regardless, we only recommend products or services we believe will add value to our readers. By using the affiliate links, you are helping support the VOUdeals website, and we genuinely appreciate your support.
Tags: Bitcoin, Coinbase, Cryptocurrency