Here is a portion of good news. If you take part in a hard fork, you get a bunch of new coins. But it makes sense, right? New blockchain – new coins!

scrooge

This is not the place to dwell on the matter of inflation or low markets, therefore, let’s focus on a simple fact for a while => because it’s a hard fork, you will get new coins you can later sell at least for a bit of money. Without further ado, here is how you can do it.

  1. Before the fork, make sure that you have a wallet where you control your private keys, or research if the exchange supports the fork.
  2. Here is a tricky one. Move your funds to a new address after the fork, but retain your private key for the old address. Your old private key will help you access the new blockchain. And, yet, you will preserve your current funds if something goes wrong with the forked project!
  3. Download the wallet for the new blockchain.
  4. Don’t expect the coins to land in right after the fork. It will take some time before the blockchain is live and fully operational!

OK. But where will I find the info on upcoming hard forks?

At the time of press, there are, at least, two upcoming hard forks you can check out.

BitcoinZeroX

Reportedly, Hexx coin plans to merge Bitcoin blockchain with Zero protocol, creating completely new coin BitcoinZeroX (BTCZ) in the third quarter of 2018. Every Hexx coin and Bitcoin holder will receive BitcoinZeroX at 1:1 ratio.

Dogethereum

As it was stated in the project’s announcement, the goal of the fork is to push Doge currency to the brand new direction, with an ETH algorithm. Here is a direct quote, “To get snapshot of DOGX it’s recommended to keep DogeCoins in any wallet that supports export of your private key (like Dogecoin Core). We can’t guarantee that exchanges give you your DOGX automatically.”

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Surprisingly enough, there are a few ways for you to earn free cryptocurrency simply by staying committed to the strategy of holding coins. Have you heard something about these babies?


Airdrops and bounties🙂

Proof-of-stake

Masternodes

Lending


Still and all, you can earn free cryptocurrency simply by using all the listed above. Are you not sure what we mean? Right, because these topics  will require some explanation. Stay tuned, and you’ll see that we’ll spill more beans in the following posts.


The above references an opinion and is for information purposes only. It is not intended to be investment advice. Seek a duly licensed professional for investment advice


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