Re: [ANN]Bitcore- BTX - SEGWIT - BLOOM - ONLINE - new virtual fork 1:0.5 of Bitcoin
Is that enough btx to support airdrop for one year???
We reserve the rights to make changes as required.
that official statement should answer your questions 
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I'd always recommend encrypting the wallet to avoid getting your coins accidentally stolen.
If the wallet is encrypted then you'll need to enter the password to send coins out of the wallet.
I'm not sure that there is any feature that allows anyone to decrypt a wallet once its been encrypted (maybe you meant something different?).
yes, exactly that. when you enter password, you are decrypting the wallet for period of timeI'd always recommend encrypting the wallet to avoid getting your coins accidentally stolen.
If the wallet is encrypted then you'll need to enter the password to send coins out of the wallet.
I'm not sure that there is any feature that allows anyone to decrypt a wallet once its been encrypted (maybe you meant something different?).
What I am failing to understand at the moment is how the coins will be transferred to holders of btc automatically? That doesnt make much sense to me right now and I hope somebody can clarify. For one I would get a small
amount of BTX but that is not my concern here it is simply how can they auto transfer those coins without BTC holders having BTX wallets?
amount of BTX but that is not my concern here it is simply how can they auto transfer those coins without BTC holders having BTX wallets?
They do it through creating a snapshot of the bitcoin blockchain, people can then claim through their private keys.
- snapshot the bitcoin blockchain, weed out addresses < 0.01, and keep a record of addresses > 0.01
- then they will run script to transfer the BTX airdrop to each eligible corresponding BTX public key addresses
- most likely done in batches and will run for more than hundreds blocks depends on the number of eligible addresses
- when it's done, bitcoin holder can claim their bitcore on BTX network
you might ask, how can that be?
because BTC & BTX addresses are identical, including of course its private keys
but signed transaction on btc network, won't be valid transaction on btx network...
though if you have access to the private key,
you could sign same raw tx on both network using its respective wallet/tool