BitcoinZap - Bitcoin’s Upcoming Hard Fork

A lot of hype and speculation is been built in the Bitcoin community regarding an upcoming hard fork in the Bitcoin network and is currently referred to as BitcoinZap. The BitcoinZap hard fork is scheduled to occur today on May 21, however, any details pertaining to the arrival of this hard fork are very sparsely available.

Hence, expecting something big from the hard fork at this point in time is not desirable. BitcoinZap comes with a promise of getting a new Bitcoin-derivative to the market with a promise of a “coin that will not only innovate but also conflate into a bright future”. It also promises for higher level of transparency and a clear developed roadmap for the upcoming digital currency.

How BitcoinZap will fair ahead is difficult to say with very little expectations. So far, only the Bitcoin Cash hard fork has managed to score some major success in this regard. Bitcoin Gold, Bitcoin Private, and others have been absolutely neglected by the crypto community.

The BitcoinZap mainnet will be launching around August 18 and hence there is little to be expected until that time. Moreover, the developer team behind this hard fork also remains a suspense and hence there is no surety about the launch as well.

Current reports show that there is a possibility that BitcoinZap could be registered on three different exchanges before the launch of mainnet thereby creating a hype for money grab first. Well, going forward, there can possibly be many more hard forks looking to cash on the ‘Bitcoin’ brand.

However, the euphoria of any such hard fork promising better scalability is short lived within the crypto community more specifically when the actual BTC community and its developers are seen making significant progress with its own scalability solution called the Lightning Network.

The Lightning Network is Bitcoin’s off-chain scalability solutions where transactions take place in a second-layer atop the Bitcoin blockchain thereby preventing the network from congestion. All the transactions are later added to the Bitcoin blockchain to keep the records.