Ethereum: What should I do about the March 12th 2013 blockchain fork?
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Effect Ethereum Blockchain fork 2013 March 12
2013 March 12 Bitcoin Blockchain was a fork that will have a long way to consumers and investors. Because of this fork, two different versions of the Bitcoin Blockchain have appeared: 0.7 version and 0.8. While this change may seem lower for some, it has significant consequences for long -term both Ethereum and Bitcoin development and sustainability.
What is a fork?
It turns out when the software project is divided into several branches or parallel versions, each with its own different changes and development series. In this case, 2013 On March 12, they began disagreements in the Bitcoin community about how to improve Blockchain scaling and security.
Volica: 0.7 version associated with a 0.8 version
The 0.7 version was a relatively small update with several main changes, including increased block awards blocks and network overload improvements. These changes have forced us to reduce Bitcoin more effectively, but also created malicious characters’ ability to use an updated protocol.
On the other hand, the 0.8 version reflected the significant major overhaul of the Bitcoin Blockchain, which aims to solve problems such as Scalanity and Security Vulnerability Limit. The 0.8 version has introduced new changes to the consensus algorithm (Sha-256), which will later become known as Pow Fork.
What does this mean for consumers?
For users already updated in version of 0.7 or 0.8, the effects of this fork are ambiguous:
* Update or reduce? You want to fully exploit his new changes.
* Loss of compatibility
: Any software belonging to older Bitcoin versions may be incompatible with a updated fork.
However, some users who have improved in version 0.8 reported improved performance and reduced congestion problems.
Investor Consider
As for the investor:
* Diversification is the most important : the emergence of two different Blockchain fork can be more difficult to diversify your portfolio.
* Long -term Bitcoin survival : Despite the fork, Bitcoin has been able to continue its upships in recent months, and some analysts attribute this to institutional investment and increased adoption.
Conclusion
2013 March 12 While this may seem insignificant consumers who are already familiar with forks, have changed, it is very important to understand the context and possible consequences of this fork for the long -term development and sustainability of both projects.
Because investors want to diversify their portfolio, they should keep in mind that Bitcoin and Ethereum have two different blockchain platforms with different architecture. Although one could have prevailed for its scaling problems, the other remains a sustainable alternative to those seeking more decentral, without permission or a quick transaction.
What do you think about this fork? Do you have thoughts of how it can affect the future of both projects? Subject to your opinions in the comments below!
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