What is hard fork? How to earn it!steemCreated with Sketch.

in #cryptocurrency7 years ago

Hark fork or separation in a given block, for example, bitcoin or other cryptocurrency.
arrows-diverging.jpeg

What is a hard fork? Hard fork is a split blockchain on a multiple branch. After sharing my own rules (such as the size of a transaction in a block), for example, the transaction price, the duration of the transaction ... of course, all depends on the users who use the new cryptocurrency and the interest they are interested in. After a hark fork, all transactions that have been recorded throughout the history of the given cryptocurrency are copied to the new one and from the moment of separation they live their own, different life compared to the crypt from which they were separated.

Can the cryptocurrency get free and even make money for it?

The answer is that it can also be in some cases not. Thanks to the hard fork, you get the same amount of cryptocurrency that you own before the hard fork in another newly created or separate cryptocurrency in different proportions as determined. A very well-known hard fork was held in August 2017 Bitcoin [BTC] -> Bitcoin cash [BCH], so every one who owned 1 bitcoin got a 1: 1 bithoin cash too, so everybody who had their bitcoin coffin and had somewhere the amount has been given in the same ratio, the same amount and bitcoin cash is free of charge, without you ever registering but providing someone with personal information. If a 1:10 ratio would be determined, each cryptoccurency xxx user would get 10 x more xxx1 cryptoccurency xxx after the hard fork. Just after the hard fork, I have a new cryptocurryency of zero value to make the cryptocurrency value that was created by the hark fork rise and have some value someone has to buy, either the miners or the people get it free after the hark fork. So simply say if you want to make money at the hard force so you have to rely on it will be a new cryptocurrency interest, people will trust it and put money into it.

Last known hard forks and potential gains thanks to him:

  1. Bitcoin cash [BCH] took place on 1 August 2017 from Bitcoin [BTC], you also got the amount of BCH in a 1: 1 ratio, for example, 1 bitcoin in a dollar equivalent at that time was around $ 2800, now Nearly 6 months of bitcoin are worth $ 11,000 and bitcoin cash around $ 1400. This means that the increase for this period in the bitcoine is 390% and clears the 8200 gain if we own 1 bitcoin. Bitcoin Cash After Hard Fork had zero value, and now it's $ 1400, which means a net profit of $ 1400.
    btccashfork1.jpg

  2. The second hard fork was held 3 days ago (18.2.2018) on Litecoin [LTC] -> Litecoin cash [LCC], its value for the last day was around 220 $ -210 $, and Litecoin cash is momentarily $ 7, which is basically also profit only a fraction of a percentage (3%) if you decided to sell LCC today.

But be careful too! Some hark forks were a scam and even some users have lost money. If you know about an incoming hark fork, it's good to check whether it's reliable. It is necessary to visit their site, where they should write their goals, their development, what the new coin should serve, or some cooperation with a known company.

If you have someone interested in trying to earn some percent on the hard force, try visiting the hardcore lists that will be going on:
https://coindar.org/en/tags/hardfork

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