There is a caution sign in the cryptoverse which reads 'tread with care'. The history of blockchain and cryptocurrency is backdated to 2009 when Bitcoin surfaced. Despite the challenges faced at its early phase; you know big names and the government fighting to make sure it will not thrive. Have you ever wondered why they never just bought off the entire system and put it in the bin, at least by that time the market capitalization of the crypto industry was not this enormous.
We have seen in several movies how the government has always done this to keep things in their favor. Even some rich fellas have always followed suit. You think it's just a movie? We have seen in real life how big firms always acquire smaller firms that seem to be competitors, we are not here to mention names but you can do that personal research on who and who is involved. That said, why not implement it in the cryptocurrency industry? As I earlier said, the caution sign here reads 'tread with care', you are about to swim in dangerous waters and trust me, it may give you a financial setback for the rest of your life.
During the recent Hive four years celebration (you can call it a birthday if you wish to), I got more acquainted with the hive creation story. An inconvenience that sprouted up when Justin Sun wanted to own everything. It might have had supporters yet as long as there is a percentage of community members against your moves, you could be hit by a venom. He thought he owned everything until that fork on that fateful day. I only imagined how he never thought of such with the knowledge of blockchain he has. You can't own a decentralized system and that's the advantage here. If you want to too smart, they'll leave the chain for you and create a new one, it's called forking.
Cryptocurrency and blockchain tech is currently the only tech that will be available for all human classes as long as you have a computer, phone and an Internet connection. The government and big firms know this, you play by the decentralized rules here or the community will abandon the chain for you and your rules. All your investing will become as valueless as you can imagine. I wrote an article yesterday; virtual assets has a future, and this seems to be part of the reason.
The forking venom is giving out necessary restrictions forcing centralized entities to either back off or play by the rules. It may surprise you to hear this, but the reason why crypto and blockchain tech exist till date is not mainly because it is just decentralized but rather because it can be forked. A decentralized blockchain can be bought out but it being open source means people have a choice.
Just as it happened with Steemit when a certain set of individuals stood their ground against centralization. Justin Sun's idea of owning everybody and everything in the steemit platform brought about dispute and discomfort. Instead of throwing punches, forking was a matured way to say goodbye, moving like minded individuals to the hive chain.
We have indeed seen a lot of development in the hive ecosystem after the forking. This is as a result of building this platform according to the taste of like minded community individuals. Adding to that, it stirs up consciousness as to the fact that you shouldn't try to enforce control as to avoid the former reoccurring in the later.
source
Forking introduces new features and consensus mechanism to fit the needed community. Nevertheless, there a need to know that not all forking is as a result of disagreement, yet the context of this article centers on the advantage of this disagreement. Blockchain tech has brought about power circulation to communities when looking from its decentralized nature and forking has been the behind the scene player. With more understanding of how this system works comes more assurance of the possibilities that this tech has brought to the table.
This is not just a game of the very rich, the middle class can decide to part ways and create their deemed platform if they feel a whale's oppression. The government know this better, throw in the cash and they dump the system for you; how frustrating can this be. Tech has surfaced a system that gives the people a say. A lot of us may just know the forking power from the surface. I'll put up an article for this one of this days. For this tech to last this long is a clear proof it has proven itself terrifying to big players in the financial industry.
To conclude, let me add, a mentor once told me, 'the only thing you can't take from a man is knowledge' and knowledge is power. The introduction of blockchain brought knowledge into the 21st century backed up by forking power. This forking venom is real and will continue to push this tech to new heights. The more you'll spend your time understanding how this tech works, the more your love, trust and confidence for this tech will grow. Yes, there will always be big players with financial backups to break into new ground but forking means they can be cautioned. I term this 'the needed venom'.
