Looking forward While the long term success of BCHABC and BSV will likely be dictated by usage and hash power, technical analysis can be applied to their price charts so a more immediate direction of the assets prices can be anticipated. The Bitcoin community then celebrated the launch of SegWit on August There will be lots of bitterness between the camps, and core will have more soft power in guiding the direction of the protocol going forward. As the graph below illustrates, fees gradually increased into onwards: Proponents of the bitfury bitcoin will bitcoin etf be approved hardfork will be labelled as enemies of bitcoin and will be vilified for getting in the way of progress. Attacks Bitcoin Cash experienced a 2-block reorganization following its scheduled hard fork on May 15 May 25, He has since gotten involved as a reporter, covering news on a number of blockchain- and crypto-related outlets. Learn. Those against the majority hardfork will be labelled as enemies of bitcoin and will be vilified for getting in the way of progress. Even a strong cartel would be tempted to run some most? When the Dust Settles, the Blame Begins. This has now been corrected. Unfortunately, the winner here is going to be altcoins: The big difference between then and now is that:. Bitcoin Cash How to think about cryptocurrency where to buy salt crypto.
Futures How are Bitcoin Futures Priced? It was listed on exchanges as BCH. Last time, there was an enormous difference in beliefs between people who wanted to scale with much bigger blocks bitcoin cash vs segwit bitcoin is gpu bitcoin mining vs cpu bit coin mining bitcoin tax preparation. Keep in mind that divided hardforks cause a number of problems:. Is this good or bad? As Bitcoin Cash celebrates its first birthday, we take a look at the journey that led to the birth of the controversial Bitcoin fork. Nevertheless, on the anniversary of the creation of Bitcoin Cash, it is worth revisiting what caused this altcoin to come into existence and what it aimed to. Investopedia uses cookies to provide you with a great user experience. B2X is betting on having majority hashing power and that SPV nodes will follow. But the proposal has also attracted eager supporters. Blockstream CEO Adam Back similarly painted it as interesting upgrade, but maybe not such a big deal.
Compare Popular Online Brokers. Where are they now? Nevertheless, on the anniversary of the creation of Bitcoin Cash, it is worth revisiting what caused this altcoin to come into existence and what it aimed to do. A common argument from B2X supporters is that the largely unpaid contributors to Bitcoin Core will start contributing to B2X after the fork. It is a store of value. Join The Block Genesis Now. Bitcoin Cash was born courtesy of a fork on August 1, In fact, he has harsh words for the Scaling Bitcoin conference where the paper was proposed in general. The Team Careers About. This time around, the upgrades could not be agreed upon and tension grew among developers, so the main chain experienced a divisive hard fork — in other words, it split into two separate chains with their own cryptocurrencies. Last time, there was an enormous difference in beliefs between people who wanted to scale with much bigger blocks bitcoin cash vs segwit bitcoin core. When the Dust Settles, the Blame Begins. Historically, miners across all blockchains have always followed profitability:. Some bitcoin developers are much less excited by the idea. The debate is really how we think Bitcoin should change, and who we think has the power to change it. While the user experience for transacting would be awful for months, HODLers would be unaffected the demographic that supports legacy bitcoin.
Negative Externalities. Compared to the bustling bitcoin core repoit is a ghost town. Keep in mind that in order to actually mine Pooled mining litecoin best website to buy bitcoin reddit you have to install new software vs just continuing to run your old software to mine Bitcoin. Investors in multiple prediction markets have overwhelming consensus that Bitcoin Core will be worth much more than B2X. Subscribe Here! It isn't. Running their equipment incurs variable costs they must pay, so miners have extra incentive to follow the money. Since then, Roger Ver has arguably been the biggest promoter of Bitcoin Cash. The above assumes that miners do not care about their own profits. Add a comment The difference between the two narrowed as the month elapsed, so much so that Bitcoin SV was able to take a brief price lead genesis mining price history bitcoin to bank of america Dec.
Nevertheless, on the anniversary of the creation of Bitcoin Cash, it is worth revisiting what caused this altcoin to come into existence and what it aimed to do. Bitcoin Core has always been very slow and deliberate in making changes, with a strong bias towards backwards compatibility, while B2X is taking a different approach. Cryptocurrency NEWS. While the user experience for transacting would be awful for months, HODLers would be unaffected the demographic that supports legacy bitcoin. One month has officially passed since the bitcoin cash blockchain underwent a hard fork on November 15, resulting in the creation of two distinct networks. Join The Block Genesis Now. The Team Careers About. And, if the small community Freicoin decides to adopt it, the method of upgrading will be tested in the wild for the first time there. As for the ideological battle between BTC and BCH, De La Torre suggests that the fervor between the different camps highlights the faith that different people have in the two cryptocurrencies:. It can be accomplished as a soft fork, like SegWit was. However, if the futures markets were wrong and legacy bitcoin is worth a lot less than B2X, that would dramatically change the landscape. This resulted in miners producing blocks that were nearly empty. Controversy The launch of Bitcoin Cash was a highly contentious issue among the cryptocurrency community for a number of reasons. Running their equipment incurs variable costs they must pay, so miners have extra incentive to follow the money. In the meanwhile, a spike may be on the cards for bitcoin in the near future. Get updates Get updates.
Garzik currently has another proposal to add only weak replay protection to B2X. Tensions have run so high that one software engineer doing that recently got SWATted and posted this:. While the user experience for transacting would be awful for months, HODLers would be unaffected the demographic that supports legacy bitcoin. As a result, the two forks depreciated greatly in price. The network became congested due to the volume that needed to be cryptocurrency exchange deposit altcoin scanner, which caused transaction fees to rise. This will hopefully provide useful information to some stakeholders, as the events get underway next week. Due to an editing error, an earlier version of this article called Shinobimonkey a bitcoin developer. If you azure bitcoin shorting bitcoin on margin to be a payments currency by definition you need to have stable value. Simple conversations quickly escalate into childish name-calling:. Roger - please stop referencing me to back up lite weight bitcoin wallet network fee average bitcoin opinion that Bitcoin Cash is Bitcoin. Twitter Facebook LinkedIn Link. The big difference between then and now is that:.
Unfortunately, the winner here is going to be altcoins: Company Support: If the new Segwit2x coin is worth less than legacy bitcoin, it will have lost. Related posts. Privacy Policy. The Bitcoin Cash fork failed to gain majority, thus it is not Bitcoin. The Bitcoin community then celebrated the launch of SegWit on August At that point, the only way legacy bitcoin could survive would be a proof of work change aka the nuclear option:. Running their equipment incurs variable costs they must pay, so miners have extra incentive to follow the money. If you check the commits on the btc1 repo , you can see that it is not very actively developed. Exploring Prediction Market, and Why Vitalik is obsessed. These transactions are validated and then stored in blocks by miners. He left a job developing space research apps at NASA to work on bitcoin full-time, going on to work on the theory behind some possibly huge future changes to bitcoin, like boosting its smart contracts functionality so that users can make more complex types of transactions and co-authoring the original Blockstream paper on sidechains. In its short year of its existence, De La Torre highlighted its adoption by different services and exchanges:.
Regardless of what you think about the block size, segregated witness has a ton of benefits , and Bitcoin cash went out of their way to remove that code as well as RBF. Bitcoin Cash is also involved in 14 different projects — e. BitMEX Research said that the success of the reorganization is not positive news for Bitcoin despite having more than 22 times higher hash rate. Gareth Jenkinson. Disclaimer Keep in mind that this situation is in constant flux. Related posts. The big difference between then and now is that: At that point, the only way legacy bitcoin could survive would be a proof of work change aka the nuclear option:. Bitcoin services will voluntarily stop transacting on the network before the hardfork, and maintain silence for some time afterwards while they wait for the dust to settle. The big difference between then and now is that:. While miners may signal for one thing, when push comes to shove they historically have always avoided being on the wrong side of a chain split:. Bitcoin Cash implemented something called strong 2-way replay protection, which means that transactions that occurred on the Bitcoin network could not be replayed on the Bitcoin cash network, and vice-versa. Bitcoin Cash Hardfork. Investors in multiple prediction markets have overwhelming consensus that Bitcoin Core will be worth much more than B2X.
The Bitcoin Cash fork failed to gain majority, thus it is not Bitcoin. It's not yet clear whether the reorganization was deliberate or rather accidental. AI Latest Top 2. Some bitcoin developers are much less excited by the idea. Here is where scaling has recently become a problem. By providing much greater bandwidth per block by first increasing to 8 MB and then again to how to withdraw usd coinbase bitcoin wallet replay protection MB. Exploring Prediction Market, and Why Vitalik is obsessed. Bitcoin vs. It is digital gold. The greater block size also enables BCH to store more information in each transaction, giving the blockchain space to write smart contracts on-chain at low costs. The old coin will still be used by some believers, while the new segwit2x coin may be crowned as the one true bitcoin. Originally, it had no replay protection, then Jeff Garzik added opt-in replay protection good explanation herewhich he later removed after Bitcoin Core developers found a security vulnerability. As mentioned above, some members of the community were dead set on SegWit including a block size increase to provide more capacity for transactions on each block. When BCH launched, it took the community somewhat by surprise. It can be accomplished as a soft fork, like SegWit. Bitcoin core is BTC. Chinese mining manufacturer Bitmain was an original proponent that suggested the Bitcoin Satoshi million bitcoins lowest fee bitcoin exchange credit card hard fork inbut later clarified the move as a contingency plan to a soft fork. The big difference between then and now is that:. They just are. If multiple legitimate chains persist following the fork, Coinbase added that it would make sure that its clients will have access to the forked BCH. After wild price swings over the weekend, the price of bitcoin held steady in the last 24 hours. Sign In.
Proponents of the minority hardfork will be labelled as enemies of craigslist scam using bitcoin ripple or stellar and will be vilified for getting in the way of progress. While bitcoin services should be smart enough to protect themselves against transaction replay, some users who manage their own private keys are going to inadvertently have their transactions replayed. Only a tiny minority of the community supported Bitcoin Cash. Investopedia uses cookies to provide you with a great user experience. Price Analysis May This time, the two factions are arguing about a relatively small difference 1MB vs 2MB base blocksand this is taking place after we just effectively had a doubling of the effective block capacity via segwit. Nevertheless, on the anniversary of the creation of Bitcoin Cash, it is worth revisiting what caused this altcoin to come into existence and what it aimed to. Bitcoin marketing agency bitcoin coinbase reddit 23, This is by design:. Many of the people who strongly prefer bigger blocks left the ecosystem to work on other projects like bitcoin cash and altcoins long before. Looking forward While the long term success of BCHABC and BSV will likely be dictated by usage and hash power, technical analysis can be applied to their price charts so a more immediate direction of the assets prices can be anticipated. So, how do forward blocks work? Replay Protection is Going to be a Problem. If any of them would like to, I will happily publish them .
This is very hard to manage. Those against the majority hardfork will be labelled as enemies of bitcoin and will be vilified for getting in the way of progress. Last time, there was an enormous difference in beliefs between people who wanted to scale with much bigger blocks bitcoin cash vs segwit bitcoin core. As a result, the two forks depreciated greatly in price. Bitcoin Cash was born courtesy of a fork on August 1, Bitpay CCO. Here is where scaling has recently become a problem. Developers If you check the commits on the btc1 repo , you can see that it is not very actively developed. Partner Links. This time around, the upgrades could not be agreed upon and tension grew among developers, so the main chain experienced a divisive hard fork — in other words, it split into two separate chains with their own cryptocurrencies. Enough already. It isn't. Replay Protection is Going to be a Problem. One month has officially passed since the bitcoin cash blockchain underwent a hard fork on November 15, resulting in the creation of two distinct networks. As for the ideological battle between BTC and BCH, De La Torre suggests that the fervor between the different camps highlights the faith that different people have in the two cryptocurrencies:. Login Advisor Login Newsletters. The difference between the two narrowed as the month elapsed, so much so that Bitcoin SV was able to take a brief price lead on Dec. There may be large trading opportunities that are only available to users with pre-funded balances held at various custodial services. The offers that appear in this table are from partnerships from which Investopedia receives compensation.
The offers that appear in this table are from partnerships from which Investopedia receives compensation. Nearly at the same time, there was a 2-block reorganization, in which not all the transactions from the orphaned blocks made it into the main chain. As the graph below illustrates, fees gradually increased into onwards: There will be lots of bitterness between the camps, but the good news is that they can go their separate ways. This has been met with some disdain by other industry leaders. Investopedia uses cookies to provide you with a great user experience. As mentioned above, some members of the community were dead set on SegWit including a block size increase to provide more capacity for transactions on each block. The big difference between coinbase send nem cryptocurrency in dollars and now is that: Enough. So why own it. Blockchain Bloat: The Why xrp going down bitcoin mining farm Careers About. This gave birth to what is known as Segregated Witness SegWita soft fork in the Bitcoin protocol that originally looked to solve transaction malleability. When it became clear that SegWit would go ahead without this change, a group of miners planned the hard fork, best gpu temperature mining best hash pools for bitcoin on hashflare would see a number of changes to the protocol — including an increase from 1 MB per block to 8 MB. Bitcoin Cash Hardfork. Attacks Bitcoin Cash experienced a 2-block reorganization following its scheduled hard fork on May 15 May 25,
In fact, he has harsh words for the Scaling Bitcoin conference where the paper was proposed in general. So, how do forward blocks work? As more people started using Bitcoin, there was a spike in the amount of transactions. He left a job developing space research apps at NASA to work on bitcoin full-time, going on to work on the theory behind some possibly huge future changes to bitcoin, like boosting its smart contracts functionality so that users can make more complex types of transactions and co-authoring the original Blockstream paper on sidechains. Your Money. One month has officially passed since the bitcoin cash blockchain underwent a hard fork on November 15, resulting in the creation of two distinct networks. Bitcoin Cash is also involved in 14 different projects — e. It's not yet clear whether the reorganization was deliberate or rather accidental. Disclaimer Keep in mind that this situation is in constant flux. Sign In. If multiple legitimate chains persist following the fork, Coinbase added that it would make sure that its clients will have access to the forked BCH. I would argue both sides seem happier after the split vs before. This is by design:.
Close Menu Search Search. Except for cases of extreme ideology, miners point their hashpower wherever it is most profitable to do so. It has become a somewhat emotional issue. Bitcoin nickel mines pool membership normal temp for antminer d3 will voluntarily stop transacting on the network before the hardfork, and maintain silence for some time afterwards while they wait for the dust to settle. By providing much greater bandwidth per block by first increasing to 8 MB and then again to 32 MB. B2X is betting on having majority hashing power and that SPV nodes will follow. Therefore, BitMEX Research has sponsored this new website which has launched before the hardfork is due to occur. Last time, there was an enormous difference in beliefs between people who wanted to scale with much bigger blocks bitcoin cash vs segwit bitcoin core. While prediction markets are imperfect due to counterparty risk, liquidity, biased contractsetc s3+ bitmain antminer power supply zcash mining records, they are the best forecasters we. Never miss news. However, if the futures markets were wrong and legacy bitcoin is worth a lot less than B2X, that would dramatically change the landscape. So why own it. Roger - please stop referencing me to back up your opinion that Bitcoin Cash is Bitcoin. In its short year of its existence, De La Torre highlighted its adoption by different services and exchanges:. If you want to be a payments currency by definition you need to have stable value. When the Dust Settles, the Blame Begins. When a miner unlocks a block, a certain amount of Bitcoin is brought into existence.
Bitcoin services will voluntarily stop transacting on the network before the hardfork, and maintain silence for some time afterwards while they wait for the dust to settle. B2X is betting on having majority hashing power and that SPV nodes will follow. In the meanwhile, a spike may be on the cards for bitcoin in the near future. It can be accomplished as a soft fork, like SegWit was. However, if the futures markets were wrong and legacy bitcoin is worth a lot less than B2X, that would dramatically change the landscape. This time, the two factions are arguing about a relatively small difference 1MB vs 2MB base blocks , and this is taking place after we just effectively had a doubling of the effective block capacity via segwit. Managing this process is very difficult, especially for light clients who have limited access to blockchain data. B2X has support from some of the biggest companies in the space whose businesses would be better served by cheap on-chain transactions: Investopedia uses cookies to provide you with a great user experience. But as it turns out, Forward Blocks are helpful here as well, making it possible to execute a consensus change with a soft fork rather than a hard fork. Get Me Some Popcorn. In its short year of its existence, De La Torre highlighted its adoption by different services and exchanges:. Subscribe Here! AI Latest Top 2. This gave birth to what is known as Segregated Witness SegWit , a soft fork in the Bitcoin protocol that originally looked to solve transaction malleability. Bitcoin Core has always been very slow and deliberate in making changes, with a strong bias towards backwards compatibility, while B2X is taking a different approach. This additional room is more than what is needed right now, but BCH seems to be looking ahead and getting ready to process high volumes of traffic. If the new Segwit2x coin is worth more than legacy bitcoin, it will have won. It could become so unprofitable to mine bitcoin that the coin stalls out as it is too expensive to mine a single block. Thanks to everyone who reviewed and provided commentary on this post.
Add a comment This is is not good. Biggest Price Swings Happen on Weekends. Blockchain Bloat: User Experience: Only a tiny minority of the community supported Bitcoin Cash. Yet in the weeks that followed the mid-November fracture, there is still no favorite in terms of overall price. This gave birth to what is known as Segregated Witness SegWit , a soft fork in the Bitcoin protocol that originally looked to solve transaction malleability. Based on the large size of the triangle pattern, it seems the lower support level is likely to be reached although the oversold conditions seen on the intraday relative strength index RSI may slow the fall. When the Dust Settles, the Blame Begins. Altcoin News. Negative Externalities. The new coin may still be used by some believers, or die out altogether. About author Nick Chong Nick has been enamored with cryptocurrencies since foraying into the industry in Subscribe Here! Ver strongly supported BU and, at one point, even claimed he would sell his BTC holdings in favor of the forked coin. He said: This will hopefully provide useful information to some stakeholders, as the events get underway next week. Related posts. However, as De La Torre points out, each and every cryptocurrency that has gained widespread use aims to provide a unique service that is challenging the financial world as we know it.
Altcoin News Cryptocurrency. This time, the situation is different. About author Nick Chong Nick has been enamored with cryptocurrencies since foraying into the industry in Can i use coinbase wallet as my miner wallet ark crypto undervalued of the minority hardfork will be labelled as enemies of bitcoin and will be vilified for getting in the way of progress. However, as De La Torre points out, each and every cryptocurrency that has gained widespread use aims to provide a unique service that is challenging the financial world as we know it. Bitcoin cash, which rose over the weekend and plunged Monday, gained in trading. While prediction markets are imperfect due to counterparty risk, liquidity, biased contractsetcthey are the best forecasters we. However, if the futures markets were wrong and legacy bitcoin is worth a lot less than B2X, that would dramatically change the landscape. Attacks Bitcoin Cash coinbase sell xrp rx 560 hashrate ethereum a 2-block reorganization following its scheduled hard fork on May 15 May 25, Like gold, bitcoin has almost no intrinsic value and is only worth what someone else is willing to pay. The big difference between then and now is that:. News Markets News Company News. Partner Links. It could become so unprofitable to mine bitcoin that the coin stalls out as it is too expensive to mine a single block. This has been met with some disdain by other industry leaders. The Latest. This is by design: Oct 23,
However, if the futures markets were wrong and legacy bitcoin is worth a lot less than B2X, that would dramatically change the landscape. It is digital gold. As a result, the two forks depreciated greatly in price. News Markets News. Bitcoin Cash is also involved in 14 different projects — e. Roger - please stop referencing me to back up your opinion that Bitcoin Cash is Bitcoin. This additional room is more than what is needed right now, but BCH seems to be looking ahead and getting ready to process high volumes of traffic. Blockstream CEO Adam Back similarly painted it as interesting upgrade, but maybe not such a big deal. And, if the small community Freicoin decides to adopt it, the method of upgrading will be tested in the wild for the first time there. Simply put, it was becoming slower and more expensive to use Bitcoin for transactions. While miners may signal for one thing, when push comes to shove they historically have always avoided being on the wrong side of a chain split:. Bitcoin services will voluntarily stop transacting on the network before the hardfork, and maintain silence for some time afterwards while they wait for the dust to settle. The big difference between then and now is that:. Bitcoin Cash was born courtesy of a fork on August 1, They just are. When BCH launched, it took the community somewhat by surprise. While bitcoin services should be smart enough to protect themselves against transaction replay, some users who manage their own private keys are going to inadvertently have their transactions replayed. As a fork of the Bitcoin blockchain, users that held Bitcoin would receive an equal number of Bitcoin Cash at the time of the fork. Many of the people who strongly prefer bigger blocks left the ecosystem to work on other projects like bitcoin cash and altcoins long before that.
News Markets News Company News. This is very hard to manage. For now, the BitMEX-sponsored venture will hold a spotlight on Bitcoin Cash, likely due to the impending fork that will see nodes diverge in separate directions. Investors are what give the bitcoin network value. As the graph below illustrates, fees gradually increased into onwards: When the Dust Settles, the Blame Begins. Bitcoin Core has always been very slow and deliberate in making changes, with a strong bias towards backwards compatibility, while B2X is taking a different approach. In its short year of its existence, De La Torre highlighted become a cryptocurrency consultant trading bot cryptocurrency adoption by different services and exchanges:. The launch of Bitcoin Cash was a highly contentious issue among the cryptocurrency community for a number of reasons. Twitter Facebook LinkedIn Link. And, if the small community Freicoin decides to adopt it, the method of upgrading will be tested in the wild for the first time. In his new paper, Friedenbach describes the change as a sort of mash-up of bitcoin a peer to peer electronic cash system download sell ripple xrp variety of types of forks. Nevertheless, on the anniversary of the creation of Bitcoin Cash, it is worth revisiting what caused this altcoin to come into existence and what it aimed to. Thanks to everyone who reviewed and provided commentary on this post.
BitPay, blockchain. I would argue both sides seem happier after the split vs before. This time, the two factions are arguing about a relatively small difference 1MB vs 2MB base blocks , and this is taking place after we just effectively had a doubling of the effective block capacity via segwit. When it became clear that SegWit would go ahead without this change, a group of miners planned the hard fork, which would see a number of changes to the protocol — including an increase from 1 MB per block to 8 MB. Virtual Currency. The Bitcoin Cash fork failed to gain majority, thus it is not Bitcoin. It isn't. Based on the large size of the triangle pattern, it seems the lower support level is likely to be reached although the oversold conditions seen on the intraday relative strength index RSI may slow the fall. So why own it. Image source: The Bitcoin community then celebrated the launch of SegWit on August AUG 01, AI Latest Top 2. Virtual Currency Bitcoin: Ver strongly supported BU and, at one point, even claimed he would sell his BTC holdings in favor of the forked coin. However, if the futures markets were wrong and legacy bitcoin is worth a lot less than B2X, that would dramatically change the landscape. User Experience:
Sign In. Join The Block Genesis Now. User Experience: This is by design:. However, BTC still holds a massive 47 percent of the total crypto market cap. They just are. There Will Be Downtime. Subscribe Here! Bitcoin Cash implemented something called strong 2-way replay protection, which means that transactions that occurred on the Bitcoin network could not be replayed on the Bitcoin cash network, and cryptocurrency cloud mining reviews dash mining profitability calculator. Ver strongly supported BU and, at one point, even claimed he would sell his BTC holdings in favor of the forked coin. Yet in the weeks that followed the mid-November fracture, there is still no favorite in terms of overall price. He said: This has been met coinbase fork time how many total bitcoins are there some disdain by other industry leaders. It isn't. It rose by In the meanwhile, a spike may be on the cards for bitcoin in the near future. Price Analysis May A common argument from B2X supporters is that the largely unpaid contributors to Bitcoin Core will start contributing to B2X after the fork. ForkMonitor, which was developed in collaboration with Sjors Provoost, a Bitcoin enthusiast and software developer, is currently connected to a total of 13 full nodes.
As a result, the two forks depreciated greatly in price. If you check the commits on the btc1 repoyou can see that it is not very actively developed. News Markets News. There will be lots of bitterness between the camps, and core will have more soft power in guiding the direction of the protocol going forward. While prediction markets are imperfect due to counterparty risk, liquidity, biased contractsetcthey are the best forecasters we. This gave birth to what is known as Segregated Witness SegWita soft fork in the Bitcoin protocol that originally looked to claim bitcoin cash in trezor electrum wallet tails tutorial transaction malleability. So, how do forward blocks work? Never miss news. It is digital gold. Keep in mind that this situation is in constant flux.
It's not yet clear whether the reorganization was deliberate or rather accidental. As for the ideological battle between BTC and BCH, De La Torre suggests that the fervor between the different camps highlights the faith that different people have in the two cryptocurrencies:. Partner Links. Personal Finance. Exploring Prediction Market, and Why Vitalik is obsessed. The big difference between then and now is that:. Related posts. There will be lots of bitterness between the camps, and core will have more soft power in guiding the direction of the protocol going forward. So, how do forward blocks work?