What is a Hard Fork in cryptocurrencies? And why does it happen?
🔗 A hard fork is a split in the blockchain into two independent chains due to radical changes in the protocol.
Imagine it as a road that splits into two different paths — each path has its own rules.
🤔 Why does a hard fork happen?
1. Disagreements within the community over updates or management methods.
2. Security improvements or technical fixes.
3. A desire to build a new vision (like the separation of Bitcoin Cash from Bitcoin).
⚠️ What happens to coin holders?
If you own the original coin at the time of the split, you will usually receive the same amount of the new coin on the split chain.
💥 A famous example:
In 2017, Bitcoin Cash (BCH) was created as a fork from Bitcoin (BTC), aiming to reduce fees and speed up transactions.
📌 A hard fork can open new opportunities — or cause major chaos.
Have you ever owned coins during or after a fork? Share your experience with us!
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