Crypto Exchange Bullish Applies for License in Hong Kong - Can this new Bitcoin Fork list on the exchange?
Crypto Exchange Bullish, in its strategic pursuit for international expansion, has taken a significant step in applying for a license in Hong Kong, a move that could potentially shape the future of cryptocurrency trading. Digital asset exchange Bullish has a registered office in Gibraltar and has a global presence. Bullish intends to navigate the cryptocurrency market's complex regulatory landscape.
The expansion of services prompts excitement about the potential opportunities for the new Bitcoin fork, Bitcoin Spark (BTCS), and other cryptocurrencies. Hong Kong Bullish license may come sooner, given the country’s new crypto regime.
A Bitcoin fork refers to a significant and deliberate change in the rules or protocol of the Bitcoin blockchain, resulting in the emergence of a new cryptocurrency sharing a common history with the original Bitcoin but operating on a distinct and separate blockchain with its rules and features. The primary motivations behind Bitcoin forks are disagreements within the community regarding the prospects and features of the network. These forks yield new cryptocurrencies that may share some similarities with Bitcoin but with unique characteristics.
A hard fork is an irreversible Bitcoin protocol change, resulting in a divergence from the existing blockchain. As a result, the new blockchain is incompatible with the old one, and the two networks go their separate ways. Hard forks often involve changes to the consensus rules, block size limit, mining algorithm, or introducing new features. Notable hard forks introduced changes to the original Bitcoin blockchain to address scalability or mining centralization. A soft fork is a backward-compatible upgrade to the BTC protocol, introducing changes or
Read more on cryptonews.com
