What does hard fork mean for bitcoin

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Soft Fork vs Hard Fork in Crypto (ETH Classic, Litecoin, BTC Cash...)
A hard fork is a branching of a cryptocurrency's blockchain that splits a single cryptocurrency into two. This happens when the users of a blockchain cannot. A fork happens whenever a community makes a change to the blockchain's protocol, or basic set of rules. Cryptocurrencies like Bitcoin and Ethereum are powered. A hard fork (or hardfork), as it relates to blockchain technology, is a radical change to a network's protocol that makes previously invalid.

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It also leads to the invalidation of previously valid transactions and blocks, and vice versa. Build your knowledge with education for all levels. The extra balance of tokens and any ether that remained as a result of the hard fork was withdrawn and distributed by the DAO curators to provide "failsafe protection" for the organization. Investopedia does not include all offers available in the marketplace. Sorry, we can't update your subscriptions right now.