Source: snewsi.com
Business Insider - Bitcoin split in two in August when the digital currency officially forked creating Bitcoin Cash. Bitcoin gold was created when bitcoin forked again in October. And now the SegWit2x fork is looming. Meanwhile, bitcoin continues to hit new record highs. We asked Nolan Bauerle, the director of research at CoinDesk, to come in to help explain what exactly happens when a cryptocurrency splits and whether it undermines the strength of the coin. Following is a transcript of the video. Nolan Bauerle: I am Nolan Bauerle, the director of research at CoinDesk and here"s what a bitcoin fork actually is. Sara Silverstein: So you"re here to help me understand what exactly a bitcoin fork is. Bauerle: So to think of these blockchains in a very simple way we can see them as cryptographic keys that move memory. The rules by which the memory is moved are set by the miners themselves. So you"ve got miners that understand the rules and when you wanna change those rules you need to fork it. All the mi

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