What is a bifurcation in the context of cryptocurrency?

1 answers

• Thuesen RiversSep 29, 2020 · 5 years ago
  A bifurcation in the context of cryptocurrency is when a blockchain splits into two separate chains, resulting in the creation of a new cryptocurrency. This can happen due to differences in opinions on how the blockchain should evolve or disagreements on specific technical changes. The new chain created after the bifurcation is often referred to as a fork, and the new cryptocurrency may have different features or rules compared to the original one. Bifurcations can be contentious and can lead to debates and conflicts within the cryptocurrency community. It's important for investors and users to stay informed about potential bifurcations and understand the implications they can have on the value and stability of cryptocurrencies.
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