Bitcoin Forks: Evolution, Anarchy, Or Accidental Innovation?
Imagine Bitcoin as a bustling city, its rules and infrastructure meticulously planned and coded. Now, picture a scenario where some city planners believe a new highway system is crucial to ease traffic congestion, while others insist on preserving the existing roads. This disagreement, when applied to Bitcoin's blockchain, can lead to a "fork" β a divergence in the Software that powers the cryptocurrency, potentially resulting in two distinct versions of Bitcoin. Let's delve deeper into the world of Bitcoin forks and explore their intricacies.
Understanding Bitcoin Forks
What is a Bitcoin Fork?
A Bitcoin fork occurs when a change is made to the Bitcoin's blockchain's protocol, the set of rules that govern how transactions are verified and blocks are added to the chain. This change can crea...








