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Bitcoin Forks Explained….

This is a set of images I got from CoinTelegraph . It explains the forking very well.

segwit-coin-explained-1024x506

Figure 1 :  Main difference of Segwit. Separation of signature from the blocks. To me, this is bad for security.

diagram-of-bitcoin-cash-fork

Figure 2 : This happened on 1 August 2017. Which means that if you have Bitcoin before 1 Aug 2017, you would also have Bitcoin Cash on 2 Aug 2017. Redeem it if you can.

bitcoin-forks

Figure 3 :  This would be happening now given Segwit. It would be unhealthy for Bitcoin in the long run.

difference-between-two-forms-of-bitcoin

Figure 4 : I just don’t see how is Segwit good with the normal way of increasing block size.

 

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