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What does the snapshot of the forked coin mean (chia forked coin)?

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What does the snapshot of the forked coin mean? The snapshot of the forked coin

What does the snapshot of the forked coin mean (chia forked coin)?

What does the snapshot of the forked coin mean? The snapshot of the forked coin refers to the distribution of digital assets on the hard drive based on the time sequence of transactions through a blockchain explorer.

In particular, after the fork, at a certain moment, users need to use a new Bitcoin account. This account will send two tokens to a new contract address in the format of “0x7e5d4a9f6ca1b8cec9017bd3ba2fbdfdabe50ccdb80bb24bc”. Therefore, if this money is not transferred to an exchange, it may be frozen (or lost). So, the snapshot of the forked coin means converting the original blockchain data into new blockchain data to achieve this purpose.

Chia Forked Coin

According to cointelegraph news, based on the official announcement and website display of bitTorrent, chia (XCH) will release its forked coin Chia2.0 on November 15, 2018. If the hard fork is successful and approved, this new token called “Chia2.0” will be created by a new project development team and is not supported by any software code repository related to Bitcoin or Ethereum. It is a way of open sourcing applications running on computers. In addition, it is said that many new cryptocurrency projects are in the planning stage.

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