I am pretty excited with the hard fork news at block 1,824,150. Hopefully everything will go according to plan.
Can someone please explain what exactly will happen here?
Do we get a new coin?
Will more coins be issued?
No and No. They are just updating the protocol. The blockchain will continue on a new chain. No new coins are being issued. The old chain will stop functioning at the time of the fork. All coins remain the same. Nothing lost, nothing gained.
Just so I'm clear here. Will the coins I have on the old electrum wallet still be transferable and the wallet will be good, or do I need to move them all to the new wraith one?