Bitcoin is the first crypto currency in the market, bitcoin is not only traded to fiat And other crypto currency but used as legal tender to other countries as exchange for goods and services. Due to the limited supply of bitcoin, with the increasing demand need for fork in bitcoin was done with the creation of BITCOIN (BTC) and BITCOIN CASH (BCC).
Remember the creation of BTC and BCC is to supply the increasing demand of bitcoin, its more of a marriage rather than a divorce which will create more opportunities for two currencies to grow together.
What is a “fork”?
A “fork” is a change to the software of the digital currency that creates two separate versions of the blockchain with a shared history.
Forks can be temporary, lasting for a few minutes, or can be a permanent split in the network creating two separate versions of the blockchain. When this happens, two different digital currencies are also created
Ethereum is an open software platform based on blockchain technology that enables developers to build and deploy decentralized applications.
Due to the hacking of DAO in 2016.
Ethereum became ETHEREUM (ETHER) and Ethereum Classic (ETC) One ideology of community was slip in to two. Competing each other.
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