Published on September 16th, 2015 | by bitcoin0
Understanding Bitcoin: The Role of the ‘Fork’
The Bitcoin story of the summer has been about the future direction of Bitcoin in relation to block size and a potential Bitcoin fork.
Bitcoin is a very complex technology, and I get just as overwhelmed as anybody else with the tech bits of it.
My grasp on what a Bitcoin “fork” was pretty shaky, and maybe yours is, too.
To fork or not to fork; that is the question
The Bitcoin blockchain has certain agreed upon rules and protocols that all nodes must follow, which are built into the Bitcoin core software.
For example, Bitcoin Core Version 0.7 and the upgrade to Version 0.8 resulted in a fork in March of 2013.