What is a hard fork in cryptocurrency?

This month on November 15, a

Bitcoin Cash hard fork is scheduled

and currently Bitcoin Cash is rising in value.

In one week, from 46,000 yen

to 63,000 yen surged

dramatically.

What is this cryptocurrency hard fork

and why does it happen?

https://bitcoin-newstart.com/hardfork

In fact, this Bitcoin Cash

also originated from a hard fork of Bitcoin

last year.

Bitcoin had a 1 MB

capacity, and when transaction volume increases, there is

congestion and delays.

These drawbacks have been pointed out for a long time.

To overcome these drawbacks, Bitcoin Cash was created

with a capacity of 8 MB and increased security.

This led to its birth.

In other words, a hard fork creates

a new currency with new specifications.

However, whether a currency born from a hard fork

is truly valuable is determined by the people who trade it.

So far, Bitcoin Cash has traded with a market value ranking third

because there is demand for the currency.

Through hard forks, updates to cryptocurrencies

are occurring across various currencies.

As currencies with greater practicality survive

in the future,

it becomes very important to adopt that perspective

when making investment decisions.

We also touch on this in our paid email newsletter,

and regarding Bitcoin Cash,

as it is currently surging in price, buying may be

difficult time-wise.

During a hard fork, it may already be priced in.

So we have summarized an article about cryptocurrency hard forks

here it is:

https://bitcoin-newstart.com/hardfork