Many would assume the “great, free coins” -mentality here, but I want to take more cautious approach, and give a fair warning. It is ofc up to you then, to do whatever you want with this info.

The problem here is, that this fork (BTC->eCash) opens a POSSIBILITY of a loss of your Bitcoin, if you are not careful.

The biggest concern is the replay risk, which, if not properly protected in the implementation, allows you to copy the eCash transaction to BTC transaction. At least in the early stages, this could mean that BTC network accepts the transaction valid, and transfers your BTC to the same address you sent the eCash.

If there are no guardrails on this, we will see scams on this like “Sell me your eCash. I’ll buy them for x BTC.” And without the guardrails, *buff*, your Bitcoins are stolen.

The difference in the previous main forks (eg. BTC->BCH or ETH->ETC) is, that those forks had different rules, and even if you copied the transaction to the source chain, it would not go through.

I have NOT found any clear indications wether those guardrails are in place. At least there are posts and rumors that say that they are not in place. So I urge you to make sure, before acting.

TLDR: Check if there are protections in place for replay attack on the eCash implementation before doing anything with your possible forked coins. If in doubt, do nothing. The fork itself won’t steal your BTC.

submitted by /u/Porriz [link] [comments]r/CryptoCurrencyRead More

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