Tag: Bitcoin Forks: Civil

Bitcoin, the pioneer of cryptocurrency, has undergone significant evolution since its inception. One crucial aspect of this evolution is the "fork," a term that can seem daunting to newcomers but is essential for understanding the dynamics and future of Bitcoin. This article breaks down Bitcoin forks, explaining what they are, why they happen, the different types, and their implications for the cryptocurrency ecosystem. Understanding Bitcoin Forks A Bitcoin fork essentially signifies a change to the Bitcoin protocol. Think of the Bitcoin blockchain as a single road. A fork in that road means the road splits into two, each following different rules. In the cryptocurrency world, this split happens when the rules governing the blockchain (the protocol) are changed. What Causes a Bitcoin Fork...