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Although each movement of funds is still posted to the public ledger, both the sender and the receiver remain private. This is slightly different from the original Bitcoin, as although the real-world identity of the sender and receiver are not revealed, it is possible to find out how much a certain Bitcoin address has. Not only that, but you can also see how much a particular address has sent and received in the past. Interestingly, Bitcoin Gold also uses Proof-of-Work (just like Bitcoin), but it has been modified to only allow GPU\u2019s to mine, not ASIC\u2019s. Interestingly, anybody that was holding BTC on the day of the Bitcoin split received exactly the same amount of Bitcoin Cash (BCH) coins. What this means is that if you held 0.5 BTC, you would also receive 0.5 BCH when Bitcoin Cash launched.<\/p>\n<\/p>\n
For instance, when the hack on the Decentralized Autonomous Organization (DAO) occurred, the Ethereum blockchain was forked by a nearly unanimous vote. The main reason for the abolition of the hard fork wassplit of opinions \u2013 the next division was breaking the community, and SegWit2Xauthors were trying to avoid it by all means. Besides, a large number of blocks of different sizescould lead to multiple involuntary forks and the formation of a number of falsechains \u2013 which would ultimately lead to the fall of bitcoin itself. However, a more common scenario is that after the new fork is created, those using the old chain realize their version is outdated and less useful than the new one and choose to upgrade to the new one. But it is possible that the two blockchains can run parallel to each other indefinitely. If one group of users (or nodes) uses the old software while the others use the new software, a permanent split can occur.<\/p>\n<\/p>\n