Can cryptocurrency split?
Raju Kumar
Asked: 1 year ago2024-03-22T22:09:26+05:30
2024-03-22T22:09:26+05:30In: Cryptocurrency, Learn
Can cryptocurrency split?
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Yes, cryptocurrencies can “split,” and itโs called a fork. This happens when thereโs a disagreement among the people running the network (miners, developers, and users) about how the system should work.
There are two types of forks:
Hereโs how it works:
Forks show how decentralized systems workโchanges happen only if enough people agree. And while forks can be messy, they allow the technology to evolve and adapt.
As for Bitcoin itself, it doesnโt need traditional โsplitsโ like stocks because itโs already divisible into tiny units called satoshis (1 Bitcoin = 100,000,000 satoshis). So you can own and use even a fraction of a Bitcoin.