Maybe you’ve heard of Bitcoin Cash, Ethereum Classic, and the four new Monero projects. How did they come to exist through forking? In today’s video we will discuss forking in cryptocurrency, a crucial topic to understanding the evolution and growing pains for blockchain projects. We’ll talk about the difference between hard forks and soft forks, with a keen eye towards real world examples to illustrate these concepts. Whether you’re an investor or crypto enthusiast, forking is a key piece of the blockchain puzzle.
Welcome to Crypto Explained, a set of videos in which we discuss basic concepts and hot discussion topics within the cryptocurrency space.
ADDITIONAL READING 🚀
http://www.tech-recipes.com/rx/48517/cryptocurrency-what-is-a-fork/
https://bitcoinmagazine.com/articles/monero-just-hard-forked-and-it-resulted-four-new-projects/
https://www.investopedia.com/articles/investing/080516/why-are-there-now-two-ethereums.asp
https://cryptocurrencyfacts.com/understanding-hard-forks-cryptocurrency/
https://www.cryptocompare.com/coins/guides/the-dao-the-hack-the-soft-fork-and-the-hard-fork/
https://medium.com/@lightcoin/the-differences-between-a-hard-fork-a-soft-fork-and-a-chain-split-and-what-they-mean-for-the-769273f358c9
ESSENTIAL CRYPTO RESOURCES ✔️
● Recommended hardware wallet: LEDGER NANO S
https://www.ledgerwallet.com/r/34fd
● Recommended exchange to buy Bitcoin / Ethereum (free $10 bonus): COINBASE https://www.coinbase.com/join/59aee0fcd9ffbc017821da88
SOCIAL MEDIA ❤️
● YouTube: https://www.youtube.com/channel/UCpgJOr0pDweTOk25-dEM0iQ
● Twitter: https://twitter.com/mycelias
● Instagram: https://www.instagram.com/mycelias
● Steemit: https://steemit.com/@mycelias
ATTRIBUTION 🎵
Brooklin: Quincas Moreira
BirdBrainz: Otis McDonald
Church of 8 Wheels: Otis McDonald
First: Text Me Records
Head Candy: William Rosati
DISCLAIMER ❗
I am not a financial advisor and statements should not be considered financial advice. Information provided reflects my opinions only and I am not responsible for any investment decisions you decide to make.
