Published by
Benzinga
Benzinga
Hard forks have become a common occurrence in the cryptocurrency industry, and they play a crucial role in shaping the future of various digital currencies. A hard fork is a process that involves splitting an existing blockchain into two separate chains, each with its own set of rules and features. This division occurs when there is a disagreement or difference of opinion among the community of developers and miners. The significance of hard forks lies in their ability to introduce new functionalities, improve scalability, and address security concerns. Bitcoin, being the first and most promin…