Bitcoin Candy
Bitcoin Candy
Bitcoin Candy will be a hard fork from Bitcoin Cash. The project webpage promises research. The fork should happen tomorrow and I predict there should be a run-up for users who want to buy into Bitcoin Cash so they can get the free "Candy". The Bitcoin Candy website is written in Chinese. They will be using Equihash and a block-size two minutes. The Bitcoin Candy will be issued at 1000 to 1 Bitcoin Cash. Now, there a massive pre-mine of 210 million Bitcoin Candy. There is a promise of replay protection.
Worth While?
On the website is no talk about who the developers are. The market that wanted a larger block bitcoin are the people who kept the bitcoin cash. It really remains to be seen whether the development team of Candy are worth 210,000 Bitcoin Cash coins. The market could benefit from instead of a linear blockchain, a branching out tree of a blockchain wallet. Whether this chain really survives or not, it will come out strong and then drop as a stone, just like the majority of ICOs and all bitcoin "forks". Now the question is whether there will be eventual support after the fall.
I have no crystal ball, but from what I have seen, there was a large community within the Bitcoin community that wanted larger blocks for Bitcoin. They got it! It's called Bitcoin Cash. There have been Bitcoin Gold, Bitcoin God, Bitcoin Diamond, BitcoinScrypt, BitcoinZ, and BitcoinRed forks and. Each time the market cap of the marjority chain gets a clear majority. Right now, a Bitcoin Cash coin trades at about 15% of a BTC. Bitcoin Gold coin trades at 10% of a bitcoin cash coin. The rest of the Bitcoin fork coins do not get even $3 per unit. You could make a killing if you buy ten dollars each of these bitcoin forks at $3 each if they go up to say $300 because they have features lacking in BTC. This is not financial advice, because I cannot see into the future. Evaluate the team, the technology and the time it has been alive. Candy could die before it is even launched or it might be worth thousands. Right now, there is too little information out there for me to decide.
Apart from being on exchanges, I am seeing a strong market acceptance of Bitcoin Cash. So far it is the only Bitcoin fork that really has the market acceptance. Market acceptance is very important for a coin to get value, and I see that with Bitcoin Cash but not Candy.
Dash XjzjT4mr4f7T3E8G9jQQzozTgA2J1ehMkV
LTC LLXj1ZPQPaBA1LFtoU1Gkvu5ZrxYzeLGKt
Bitcoin Cash 1KVqnW7wZwn2cWbrXmSxsrzqYVC5Wj836u
Bitcoin 1Q1WX5gVPKxJKoQXF6pNNZmstWLR87ityw (too expensive to use for tips)
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