Understanding Bitcoin Hard Forks and Chain Splits
bitcoin hard forks and chain splits occur when network participants disagree on protocol rules. Understanding their causes, risks, and outcomes is key to informed participation.
Capitalizations Index – B ∞/21M
bitcoin hard forks and chain splits occur when network participants disagree on protocol rules. Understanding their causes, risks, and outcomes is key to informed participation.
bitcoin’s launch in 2009 proved decentralized digital money could work, inspiring developers to create alternative cryptocurrencies that tested new technologies, uses, and governance models.
SegWit (Segregated Witness) reorganized bitcoin transactions by separating signatures, boosting block capacity, cutting average fees, and fixing malleability to support second-layer scaling.
bitcoin forks occur when network participants disagree on rules, causing the blockchain to split. This process can create new cryptocurrencies and impact security, fees, and user adoption.
SegWit, or Segregated Witness, reshapes bitcoin transactions by separating signatures from main data. This upgrade improves scalability, lowers fees, and mitigates transaction malleability.