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.
Despite popular belief, no single entity controls bitcoin. Power is distributed across miners, node operators, developers, and users, whose consensus secures and governs the network.
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.
A 51% attack occurs when a single entity controls most mining power, enabling them to manipulate transactions, double-spend coins, and undermine trust in a blockchain network.
A 51% attack happens when an entity controls over half of a blockchain’s mining/hashing power, allowing double-spends, transaction censorship, and chain reorganizations that compromise network integrity.