Understanding What Happens in a Bitcoin Hard Fork
A bitcoin hard fork occurs when the network’s rules change in a way that is not backward-compatible, splitting the blockchain into two separate chains and creating distinct assets.
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A bitcoin hard fork occurs when the network’s rules change in a way that is not backward-compatible, splitting the blockchain into two separate chains and creating distinct assets.
Proof of Work is the backbone of bitcoin’s security. It requires miners to solve complex puzzles, making attacks costly and protecting the network’s integrity and transaction history.
bitcoin transactions are recorded on a public ledger, making flows traceable. While addresses are pseudonymous, blockchain analytics and KYC rules can often link them to real identities.
bitcoin transaction confirmations measure how deeply your payment is embedded in the blockchain. More confirmations generally mean higher security against reversals.
bitcoin faces major risks beyond price swings: uncertain regulation, potential technical flaws or attacks, and fragile trust in exchanges, developers, and the broader ecosystem.
Taproot is a major bitcoin upgrade that enhances privacy and efficiency. It combines multiple signatures and complex scripts into a single output, making transactions more uniform and harder to analyze.
bitcoin transaction IDs (TXIDs) uniquely identify each transaction on the blockchain. This hash-based code lets users verify, trace, and reference specific transfers securely.