HARD FORK IN CRYPTO COINS

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A hard fork occurs when a blockchain network undergoes a significant software update that is not compatible with the existing software.

This results in a split in the network, creating two separate blockchains that share a common history up until the point of the fork.

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[{"selector":"#anim-27441928-c3fe-4b40-99f1-f8b45ba4645c [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-32.74910490725541%, 0, 0) translate(-25%, 0%) scale(1.5)","translate3d(0%, 0, 0) translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"fill":"forwards"}] After the fork, one chain continues to use the old software while the other chain uses the new software. Arrow

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Holders of the original cryptocurrency will typically receive an equal amount of the new cryptocurrency on the new chain.

[{"selector":"#anim-f85dbe61-124e-4929-8517-1190cc3592ab [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-31.249999886225726%, 0, 0) translate(-25%, 0%) scale(1.5)","translate3d(0%, 0, 0) translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"fill":"forwards"}] Arrow

[{"selector":"#anim-3dbefa78-db56-4a30-beaf-21dafaecc873 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(31.249999886225726%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] Hard forks can be planned or unplanned, depending on whether the community reaches a consensus on the proposed changes. Arrow

[{"selector":"#anim-9ba8e36b-009e-42b3-a442-8d6aa03faf3b [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-31.285244247341844%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] A planned hard fork is often done to address issues with the original cryptocurrency or to implement new features. Arrow

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