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What Is a Bitcoin Fork and What Happens Afterwards?

bitcoin-fork

The modern internet is viewed in some circles as a corporate corruption of the principles that the platform was founded on. Openness and freedom have given way to censorship and restriction. The ongoing debate about Net Neutrality is just one example of this existential crisis. To some, Bitcoin, the blockchain based cryptocurrency, was a return to those early principles. As the transactions are stored on the blockchain — a peer to peer register of historical transactions — in theory it is incorruptible and secure, and free from the interference (and fees) of middlemen. Bitcoin’s phenomenal success has been a surprise…

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