Crypto Schisms and Fork Psychology

Op-Ed

Forking within the crypto ecosystem is often a controversial subject. Many crypto-enthusiasts loathe it, taking particular exception to the so-called “contentious hard fork.” They believe hard-forking damages a cryptocurrency, and say it should be avoided at all costs. They also believe forking is detrimental to the market and represents a financial burden. However, this view is limited and narrow-minded.

Also read: Lawyers to Help the Russian Crypto Industry Deal With Inadequate Laws

Forking for Good, Forking for Bad

Contentious hard-forking is how the community manages its systemic health, prevents bad actors from gumming up the infrastructure, and aligns the protocol in accordance with group principles. Forking is thus more than a way to…