Post
Topic
Board Bitcoin Discussion
WHY CRYPTO CURRENCY FORKS ARE SCARY?
by
_CryptoSL
on 28/05/2018, 19:31:57 UTC
WHY CRYPTO CURRENCY FORKS ARE  SCARY?


Often forks are associated with great anxiety and panic within a cryptocurrency

When two different blockchains exist, only one can ultimately be correct.thus, coin transactions found on the “wrong” blockchain could ultimately be lost

During a fork event people are not able to make any transactions until that fork can be resolved.

Any potential for lost coins can scare users away from using a particular cryptocurrency.

Crypto based companies will bear huge losses due to down time of that particular cryptocurrency.