Bitcoin is much more than just a blockchain

Bitcoin blockchain reign

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Bitcoin blockchain reign

Bitcoin blockchain reignBitcoin blockchain reignBitcoin blockchain reign
Home
About
Videos
Leave a tip
Bitcoin Mining
What is bitcoin
What is a blockchain
What is cryptocurrency
What is a digital wallet
What is a private key
What is a mnemonic phrase
What is fiat currency
What is a public address
What is a hard fork
What about crypto taxes
Why bitcoin
What is custodianship
What is proof-of-work
Why cryptocurrency
Products
What is banking
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  • Home
  • About
  • Videos
  • Leave a tip
  • Bitcoin Mining
  • What is bitcoin
  • What is a blockchain
  • What is cryptocurrency
  • What is a digital wallet
  • What is a private key
  • What is a mnemonic phrase
  • What is fiat currency
  • What is a public address
  • What is a hard fork
  • What about crypto taxes
  • Why bitcoin
  • What is custodianship
  • What is proof-of-work
  • Why cryptocurrency
  • Products
  • What is banking
  • Home
  • About
  • Videos
  • Leave a tip
  • Bitcoin Mining
  • What is bitcoin
  • What is a blockchain
  • What is cryptocurrency
  • What is a digital wallet
  • What is a private key
  • What is a mnemonic phrase
  • What is fiat currency
  • What is a public address
  • What is a hard fork
  • What about crypto taxes
  • Why bitcoin
  • What is custodianship
  • What is proof-of-work
  • Why cryptocurrency
  • Products
  • What is banking
EIP 1559 - The Londan Hard Fork

What is a hard fork

Understanding hard forks

A hard fork is basically a change in protocol that is not backwards compatible.  Its real important for bitcoiners and the bitcoin eco system, that they don't do any hard forks and if they do decide to, it turns into a completely separate chain like bitcoin cash (BCH) or bitcoin Satoshi vision (BSV).  Other protocols it's less important to them, it's more like a move fast, break things, and correct.  Ethereum and other protocols hard fork all the time.  Some people tend to think it's cleaner, better, and leads to progress.  Keep in mind that it's very important for bitcoin not to fork and to stick with its original simplistic fundamentals, just as Satoshi designed it, with complete decentralization and unbreakable proof of work.  Kind of like the constitution of the United States, not to be changed! Bitcoin is like the constitution of crypto. Anybody new to the market doesn't quite understand, and there use to be a lot of confusing over this in 2016 and 2017, there was what's known as the Fork Wars.  There was uncertainty in the market; with what gives bitcoin value, is bitcoin the valuable one, or are all these clones like Litecoin (LTC) or forks like BCH and BSV a better bitcoin.  Over time the community chose Bitcion, which was the right move, because they prioritized censorship resistance, better security, and a few more fundamental characteristics.  Bitcoin doesn't get 51% attacked, its proved its strength time and time again through various hard ship.

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