Why do we need Super Bitcoin and other hardforks

Why do we need Super Bitcoin and other hardforks

Tuesday, December 12 in the Bitcoin Blockchain another hardfork occurred, as a result new cryptocurrency appeared – Super Bitcoin. According to developers, it is an experimental attempt to optimize the Bitcoin Blockchain due to increase in the sizes of blocks up to 8 MB and also integration of Lightning Network technology, proofs with zero disclosure and smart-contracts.

It is not the first Bitcoin fork with the purpose to solve problems of the Blockchain. In 2016 Bitcoin Classic hardfork occurred where its developers wanted to increase the block size to 4 MB. However the project hasn’t found support in cryptocommunity, and its founders declared support of a new hardfork – Bitcoin Cash. This hardfork with the increase in the block size up to 8 MB was more successful and in the autumn of 2017 showed strong growth. At the beginning of December Bitcoin Cash rate is about $1500, it takes the 3rd place among cryptocurrencies by capitalization. Also this year hardforks of Bitcoin Gold and Bitcoin Diamond have been already implemented, offering new algorithms of Proof-of-Work.
Till the end of 2017 two more hardforks are planned. Lightning Bitcoin developers want to do it at the block height of 499,999, combining the best features of Bitcoin and “Ether”. The initiator of the second hardfork, Bitcoin God, is the Chinese cryptoinvestor Chandler Guo. The new cryptocurrency will be released at the block height of 501,225.

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