RATE Group | Bitcoin has seen 44 forks since Bitcoin Cash and they are all useless
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Bitcoin has seen 44 forks since Bitcoin Cash and they are all useless

22 May Bitcoin has seen 44 forks since Bitcoin Cash and they are all useless

Posted at 14:31h in Bitcoin News by

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It isn’t just the initial coin offerings (ICOs) that are running rampant, it seems cryptocurrency forks are in close competition.

Bitcoin alone has seen 44 forks of its blockchain since August last year, according to BitMEX Research.

Bitcoin Cash, or BCash — launched on August 1, 2017 — was Bitcoin’s first hard fork that resulted in a blockchain split. The hard fork happened following the controversy over the integration of SegWit feature with Bitcoin’s blockchain.

A host of forks have since followed — christened by adding any random word you can imagine next to Bitcoin: Candy, Pizza, God, Faith, Diamond, Gold, Atom, etc.

Most of the forked cryptocurrencies, however, don’t seem to have had any luck when it comes to adoption or trading volumes.

As per Coinmarketcap data, only four of the forks (Bitcoin Cash, Bitcoin Diamond, Bitcoin Gold, and Bitcoin Private) see trading volumes of more than $100,000 per 24 hours.

Bitcoin’s software…

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