There are lots of hard forks across the world of crypto, and even the veterans of the space can’t always keep up with the teams behind each project. While some Bitcoin forks become successful, such as Bitcoin Cash, inevitably most forks fizzle out or die.
This list is dedicated to those that never made it. These are five Bitcoin forks that failed.
For our analysis, we’ve used this list of 34 Bitcoin Hard Forks. And while there is no scientific way to define the success or failure of a crypto project, we decided to focus on each project’s Twitter following and activity.
Why? The success of any crypto project depends on its community, and Twitter is a relatively good way to gauge the support, community, and updates around each forked coin.
We’ve checked the Twitter profiles (if any) of each project, figured out the number of followers and taken the notice on the date of the last update. The results were the following:
|Project Name||Twitter followers||Last update|
|Bitcoin||902,000||21st September, 2018|
|Bitcoin Cash||107,000||18th September, 2018|
|Bitcoin Clashic||2,904||12th February, 2018|
|Bitcoin Gold||74,100||24th September, 2018|
|Bitcoin Diamond||20,900||21st September, 2018|
|United Bitcoin||1,800||20th September, 2018|
|Bitcoin Hot||1,686||20th August, 2018|
|Super Bitcoin||1,444||23rd September, 2018|
|Bitcoin X||3,427||17th September, 2018|
|Oil Bitcoin||Account deleted||N/A|
|Bitcoin World||442||20th July, 2018|
|Lightning Bitcoin||4,648||20th September, 2018|
|Bitcoin Stake||No Twitter account||N/A|
|BitEthereum||No Twitter account||N/A|
|Bitcoin Top||145||1st February, 2018|
|Bitcoin Gold||3,784||20th August, 2018|
|Bitcoin File||310||6th September, 2018|
|Bitcoin Cash Plus||2,646||29th April, 2018|
|Quantum Bitcoin||No Twitter account||N/A|
|SegWit2x||7,565||5th July, 2018|
|Bitcoin Uranium||716||26th February, 2018|
|United Bitcoin||1,799||20th September, 2018|
|Bitcoin Pizza||1,205||14th January, 2018|
|Bitcoin All||No Twitter account||N/A|
|Bitcoin Ore||207||31st December, 2017|
|Bitcoin Rhodium||4,012||24th September, 2018|
|Bitcoin Smart||No Twitter account||N/A|
|Bitcoin Interest||4,968||22nd September, 2018|
|Bitcoin Lite||No Twitter account||N/A|
|Bitcoin Atom||2,647||22nd September, 2018|
|Bitcoin Private||51,700||21st September, 2018|
|Classic Bitcoin||No Twitter account||N/A|
|Bitcoin Lunar||23||16th March, 2018|
(All metrics correct at 25th September, 2018).
Of course, some Bitcoin forks have no Twitter presence at all (or did something so bad that led to the termination of their social media account). For the purpose of this list, we’ve ignored those projects that failed from the start, and focused on those that worked on their project but never generated a true community.
So, five Bitcoin forks that fizzled out and died. Here goes:
Failed Bitcoin Fork #5: Bitcoin World (BTW)
With 442 followers on Twitter and the last project’s update posted on the 30th of July, Bitcoin World initially aimed to create a faster, smarter, safer and more decentralized version of Bitcoin. Its main net launched on the 20th of December 2017 and BTWs were distributed to bitcoin holders in 1 BTC: 10,000 BTW ratio.
However, it didn’t go a long way. The last announcement posted by the team expressed cheerfulness about joining High-Performance Blockchain Node Election Plan. But nothing else has happened since.
Another weird claim made by the team is the disclaimer placed on the project’s website in the section related to exchanges. It says that “49 exchanges have expressed intent to support BTW, or have already implemented BTW”.
Among these exchanges are some big names like Bitfinex, Bittrex, and Bithumb. However the coin is not tradable on any of them and you can’t even clear things up by browsing Coinmarketcap, because the project is missing in the website’s database.
Failed Bitcoin Fork #4: Bitcoin Ore (BHD)
Bitcoin Ore has only 207 Twitter followers. The project’s mission was to make mining cheaper and less wasteful. They want to “take mining back to a time when anybody could mine.”
Some of Bitcoin Ore’s goals include:
- Fork to take place at a block height of 501949 on the 31st of December 2017.
- Bitcoin Ore Wallet will be temporarily released by the 15th of January 2018.
- Proof of Capacity consensus mechanism to go online, shifting Bitcoin mining from POW to POC by the 1st of March 2018.
- Zero-knowledge proofs added by the 8th of September 2018.
- Dynamic checkpoint protection removed by the 8th of December 2018.
The last update about the project was posted on the 31st of December 2017 about the future fork schedule aiming to launch on 28th of January 2018. The announcement also contained the claims that several exchanges will support the fork, including zb.com, aex.com, and exx.com. However, it is not currently listed on any of them.
Another mysterious feature of Bitcoin Ore is that its website lists this Twitter account as official. The account only has 12 followers, and there’s not much to read there, just the couple of tweets. The first one was posted on the 19th of July 2018 and expressed some wild happiness about the fact that “BTCHD will be released at 3 Aug !!! it’s great!”. The last one is written in Chinese and dated by the 6th of September 2018.
Failed Bitcoin Fork #3: Bitcoin Top (BTT)
Bitcoin Top has 145 Twitter followers and was last updated on the 1st of February 2018. It initially intended to lower the transaction fees of the net and decrease the cost of miners participation. Bitcoin Top also hoped to improve privacy features and speed up transaction confirmations by raising the block size limit to 8MB. It was all part of a massive on-chain scaling approach.
The fork was scheduled to happen on the 26th of December 2017 and bitcoin holders were supposed to receive one BTT per one bitcoin. It seems like the project didn’t ever take off and even updates posted before this aren’t exactly positive.
For instance, in the exchanges section of the project’s website is a list of 33 marketplaces. It includes the major players in the field like OKEX, Binance, and Huobi. But the only exchange to ever trade bitcoin top was ZBT. Currently, the crypto is still listed there with the current price of $0.34, but there is zero volume on the asset.
Another thing to mention: the last Twitter update is related to the fact the Bitgo wallet added support for BTT. Sounds like good news, but if you browse the relevant section of the Bitgo website it’s easy to notice that the Bitcoin Top is missing from the list of supported currencies.
Failed Bitcoin Fork #2: Bitcoin Lunar (BCL)
Bitcoin Lunar has 23 followers on Twitter and last posted on the 16th of March (it was an unrelated retweet).
The project’s website is pretty much empty apart from a disclaimer:
“A new Bitcoin-friendly fork. Website and whitepaper launch spring 2018. Updates via twitter.”
Strangely, most of the project’s tweets were about the moon and related scientific findings, featuring articles from NASA and BBC.
Failed Bitcoin Fork #1: Bitcoin Uranium (BUM)
Bitcoin Uranium (or BUM) aimed to “Make Bitcoin Great Again.” But as one Bitcointalk user put it, it became “the most hated fork of BTC.” The fork itself never actually happened.
BUM’s official websites both redirect to a suspicious (possibly malicious) website, which we shan’t link here!
The project’s last update was posted on the 26th of February and proudly says “Penis!”
Learned something new in this article? Subscribe to the Block Explorer newsletter.