Bitcoin Hard Fork Questions & Answers

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On August 1st, 2017 there is a proposal to fork the current Bitcoin protocol into a new protocol known as Bitcoin Cash. This means that after August 1st, 2017 there is a chance that there’s going to be two versions of the Bitcoin blockchain and two separate digital currencies. A hard fork successfully occurred just one year before for the Ethereum blockchain, which happened due to the DAO being hacked. A hard fork splits the current blockchain in to two blockchains, which was necessary rid Ethereum of vulnerability.

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