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What happens to your balance in the event of a fork?


williamshennie9

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Posted

Hi everyone :)

I hope you guys are all having a wonderful day :) I was recently thinking about the 2 major bitcoin forks, namely bitcoin cash (which I'm super excited that it was added to Stake), and bitcoin gold. There could be more, but these are the only two that I am aware of.

So what happens to your balance in Stake when a fork happens? Do you get more bitcoins? I only joined in June this year, so I have not held any money in Stake during the times of the forks. I am curious as to what actually happens to your balance, or does your balance just stay the same?

I am looking forward to reading your thoughts in the comments down below :) Have a great day guys!

Posted

As far as I know forks only affect balances that are stored in a wallet which is contected to the BTC system directly and wallets which let you get the private key to it. 

Stake doesnt have neither of those so I dont think anything happens to your balance in the case of a fork :) Good Q though!!

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