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 itβs called a fork. This happens when thereβs a disagreement among the people running the network (miners, developers, and users) about how the system should work.
There are two types of forks:
Hereβs how it works:
Forks show how decentralized systems workβchanges 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 doesnβt need traditional βsplitsβ like stocks because itβs 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.