The following is a guest post from Shane Neagle, Editor In Chief from The Tokenist.
Bitcoin pushed the financial innovation envelope in many directions. As a distributed digital ledger, it opened up space for transparency and offered a viable alternative to banking. Relying on its proof-of-work algorithm, Bitcoin established digital scarcity. Digital but still anchored to the physical world of hardware assets and energy requirements.
All this while being open-source. And Bitcoin’s open-source nature birthed over a hundred hard forks. These are ledgers governed under different rulesets, so much so that they are incompatible with previous blocks, resulting in a new blockchain version.
When a new hard fork is created, propelled by different visions of P2P money and incentives, a new version of Bitcoin is born. By market cap, the largest ones are Bitcoin Cash (BCH), Bitcoin SV (BSV), Bitcoin XT (BTCXT) and Bitcoin Gold (BTG). Although none of them come even close to the massive Bitcoin
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