🪓 Hard Forks: When a blockchain splits into two worlds 🌐⚔️
In the crypto universe, hard forks are decisive moments where a blockchain takes different paths. Whether due to technical disagreements or community decisions, this fork can give rise to a new network with different rules... and even its own token.
🔍 What is a hard fork? It is an update of a blockchain protocol that is not compatible with previous versions. If the nodes do not adopt the new version, the chain splits, creating two separate blockchains.
📜 Famous examples:
Bitcoin ↠ Bitcoin Cash (2017): Due to the debate over scalability and block size.
Ethereum ↠ Ethereum Classic (2016): After the hack of the DAO project and the ethical dilemma of reverting the chain.
⚡ What does it imply for holders?
- They may receive new tokens from the forked chain (depending on exchange support).
- They must be vigilant about security, as some forks may be vulnerable or less supported.
🚨 Are hard forks good or bad? It depends. They are a symptom of decentralization, but they also reflect divisions in the community. They can drive innovation or fragment ecosystems.
💬 Have you experienced a hard fork? Do you think they are necessary for evolution? Let us know in the comments!
