Website for Monitoring Forks Gets Approval from BitMEX Research

Website for Monitoring Forks Gets Approval from BitMEX Research

In light of the upcoming BCH hardfork, the research arm of BitMEX announced the launch of its sponsored ForkMonitor.info

According to BitMEX blog post, Fork Monitor is valuable in identifying unintended consensus bugs during soft or hardforks. Sjors Provoost, a physicist who became a software developer, helped in the development of Fork Monitor.

Fork Monitor website

13 Bitcoin Nodes Watched by the Site

Fork Monitor zooms in on watching Bitcoin Cash, especially during its 15 November hardfork. The Bitcoin split is running 8 nodes in contrast to BTC’s 5 nodes.

BCH nodes being watched are Bitcoin ABC 0.18.2, Bitcoin ABC 0.18.0, Bitcoin ABC 0.17.2, Bitcoin ABC 0.16.2, Bitcoin ABC 0.14.6, Bitcoin SV 1.0.1, BUCash 1.5.0, and BUCash 1.3.0.1.

BTC nodes are Bitcoin Core 0.17.0.1, Bitcoin Core 0.17.0, Bitcoin Core 0.16.3, Bitcoin Core 0.16.0, and Bitcoin Core 0.10.3.

Craig Wright, who became infamous after alleging he is Satoshi Nakamoto, is mentioned by BitMEX in the Twitter thread where Fork Monitor was announced, as Bitcoin Magazine reports:

Who is Craig Wright in the Cryptoverse?

A usual description of Wright says is an Australian, a businessman and a computer scientist. But who he is gets more complicated in the sphere of Bitcoin and cryptocurrencies.

In 2016, Gizmodo published a story where Wright claimed he is Satoshi Nakamoto. Since then there has been a series of discussions on whether this is true or just a hoax. In August, Wright had an elaborate war of words with Vitalik Buterin on Twitter. Bitcoin Exchange Guide tried to get them to debate livestream, but Wright turned down the proposal.

BTC

8,744 USD
0.43%

BCH

437.73 USD
0.61%

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Week in Review: Bitcoin Is Unexpectedly Bearish

At press time, bitcoin is trading for just over $8,400. Bitcoin: Bearish All Over Again? This figure marks a drop of roughly $700 over the past few days. The currency is incurring some very strange behavior as of late, though there doesn’t seem to be much of an explanation regarding why this behavior is happening. Let’s start off with the basics. To do this, we must go back to the end of October, when bitcoin was really trapped in a rut following the disappointing opening of Bakkt and the Mark Zuckerberg hearing regarding Libra, Facebook’s new cryptocurrency project. At that time, the currency was traversing through the doldrums and trading in the mid-$7,000 range, a new low considering it had been doing relatively will since the summer despite a few drops here and there. Then came some positive comments regarding blockchain technology from Chinese president Xi Jinping, who said that blockchain had the power to reinvigorate the economy of China and potentially rebuild its infrastructure. He further stated he would do everything in his power to push blockchain innovation within the country. This proved substantial to the bitcoin price, which spiked to nearly $8,600 following the comments. However, from there, Bakkt continued to improve its present status and ultimately found itself trading more than $2 million in bitcoin futures contracts, which also assisted in the currency’s sudden rise to power. BTC once again found itself trading in the $9,000 range – something it hadn’t done since late September. Thus, more than a month passed before the currency was able to regain its stamina. However, as of late, bitcoin appears to be back on bearish terms, having lost several hundred dollars from its price within the last few days. Things started out ugly when during the beginning of the week, BTC fell to about $8,800. People largely dismissed this fall, saying it was only $300, though it did inspire some to keep a watchful eye out. From there, bitcoin fell to $8,600, knocking another $200 of its price, and at the time of writing, another $200 has vanished. What’s Up with the Drops, Lately? It is strange that the currency could once again be falling into negative territory considering all that’s been done to improve it over the past month. At the same time, it’s important to remember that we are, indeed, dealing with bitcoin, which is arguably one of the most volatile assets in existence. Regardless of how high it spikes this seems to be a never-ending problem for what many refer to as “digital gold.” At the same time, there are those that continue to remain adamant about its abilities. One such figure is Tim Draper, who recently commented that the currency would hit $250,000 within the next few years and Tom Lee, who continues to remain positive regarding where BTC’s price can go. The post Week in Review: Bitcoin Is Unexpectedly Bearish appeared first on Live Bitcoin News.
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