Re: Explain Ether hardforks to me like I'm 5 years old.

Re: Explain Ether hardforks to me like I'm 5 years old.

Especially, what happens to the actual coins once the hard fork happens.

Also, do you guys think the upcoming Metropolis fork is a good thing?

If I am correct in my current understanding:

If I hold, for example, one Altcoin (A), and there is a hardfork, my Altcoin (A) is still valid in the new block chain. Altcoin (B) only comes into existence if the old block chain remains active. Therefore, Altcoins  (A) do not  “become” Altcoins  (B), rather Altcoins  (B) are a byproduct of the fork.

Before, I thought that a fork meant that Altcoin  (A) “forked” into two new coins: Altcoin (B) and Altcoin  (C), thus making Altcoin  (A) invalid.

(Why?)

Published at Sat, 18 Mar 2017 09:06:29 +0000

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