Bitcoin soft or hard fork?

in #bitcoin7 years ago

Why A Fork?

A fork is needed for bitcoin to address the need to scale the network. As more users join the network, transaction speed slows, creating various problems.

The problem can be addressed by deploying larger blocks to the bitcoin blockchain. This requires a code modification.

What To Do

Investors will have three ways to respond:

  1. They may choose to sell their holdings before the fork, evading the risk if a more dangerous fork is attempted and bitcoin’s value falls significantly.

  2. They can move their funds to offline wallets so they can decide to buy or sell rather than the exchange.

  3. They can leave their funds in exchanges and hope for the best.

The individual investor has to decide what choice to make. It is important to be aware of these choices before the fork. It is also not certain when the fork will occur.
U can read more here:
https://www.cryptocoinsnews.com/how-investors-can-avoid-an-impending-bitcoin-blood-bath/

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