What is a Bitcoin hard fork? Simply Explained!



Recently we’ve heard about a Bitcoin hard fork. But what is a hard ford? What’s the impact on a cryptocurrency and why are they created? In this video I’ll explain …

20 Comments

  1. I wish you explained more about soft forks: ok they're compatible, but then what, they just co-exist with original protocol? This has an impact on users for sure, don't they have to know which version of the protocol they are dealing with?…

  2. Is it true that transactions that didn't really happen can be added to the new chain. For instance when the BCH fork took place could the attackers have added a line to the block that said (In simple language) "Give (the attackers wallet) 100 BCH.

  3. Are hard forks known beforehand? My MIning network said that at the time my deposit to them happened, a hard fork occurred. Therefore, my deposit is lost. Does this seem right?? They are using Blockchain.

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