Why is Bitcoin so forked (why can a Bitcoin be divided into countless pieces)

Why is Bitcoin so forked? Why is Bitcoin so forked? In the past few years, as the internet becomes increasingly decentralized, the Bitcoin community has begun to generate some strange stories From 2013 to early 2018, the term ‘block’ has become a popular term. Since then, people have always believed that “trading is money”, and this sentence has been translated by many as “blockchain”. However, due to factors such as complexity and incompatibility, this statement has become worthless; On the other hand, Bitcoin does not have any breakthrough in its core technology – that is, the upgrade of consensus algorithms (including faster code execution), which has led to doubts about the security and scalability of the protocol. There are even two major hard forks: the first is the PoW mechanism, the other is Ethereum 2.0, and the last is the battle between BCHABC and EOS. But these controversies do not mean that Bitcoin will ultimately succeed, but rather that both sides blame each other so much that they cannot solve the problem. In fact, although most Bitcoin development teams are designed based on Open-source software, they are actually building different solutions to improve network security and maintain a consistent commitment. The three most famous branches of Bitcoin are symmetric encryption and asymmetric encryption, with the Double Flower attack being the most prominent. The two largest branches in Bitcoin are SybilAttack. Flash loans refer to compensating Bitcoin holders for their losses by providing liquidity to Bitcoin. In order to alleviate the problem of reduced supply of Bitcoin, flash loans usually increase or reduce the losses suffered by Bitcoin holders at certain times. Lightning loans can give miners rewards, rather than making them collateral in the payment system. On the contrary, if users need to pay a higher price to repay their debts and deposits, other users will be allowed to use flash loans. Although the emergence of flash lending has provided enormous potential for the future of the Bitcoin ecosystem, it has not created new financial products, and it is only a means of storing value, unlike traditional banks, which cannot protect users’ funds from potential risks. In addition, Lightning Network can also help ensure the security of all transactions on the network, even if the network is completely closed, the same situation may occur. Of course, when it comes to transactions, there are still some loopholes in the transactions on the Bitcoin chain, making it difficult to determine whether the complete history of the asset can be restored

Roger Ver, founder of Bitcoin Cash Cash, said: “What we see now is a fragmented market competitor, because there is a huge gap between Bitcoin and other mainstream Cryptocurrency.” He added that Bitcoin has not yet established its own Stablecoin. He also stressed that “we are working hard to improve the dominant position of Bitcoin, and believe that the innovation ability of this technology and a way of global economic reserve will be applied in the near future. Bitcoin will continue to grow and may become one of the best Cryptocurrency in the world” Why can a Bitcoin be divided into countless pieces? We know that within an hour after October 17, 2017, digital currencies worth $10000 appeared from scratch. Today, the price has increased by over 500%, with a market value of $200 million So how did a Bitcoin come about? Because it is assigned to a very large system: miners and holders of trading platforms such as exchanges, wallets, or others; And in order for more users to use Bitcoin for transfer, they must transfer funds to different addresses to receive corresponding rewards, in order to achieve this goal. However, if the actual situation is not taken into account, it can pose significant risks. So, I need to think about why doing so can increase liquidity and reduce supply:

Firstly, can a BTC be issued in a fixed quantity to some extent? Or in other words, you can settle a transaction according to certain rules, but remember not to break all the transactions together. Therefore, you can make it easier to verify and track by creating multiple blocks. Then, your network can follow these blocks to perform all operations without any third-party involvement. Due to the time required for each block and the unique attributes of each coin, there is a new block generation time for each new block generated, which means that when each block is produced, no new blocks will be generated Secondly, how to ensure the security of transactions? It is to use smart contracts to identify and process transactions on each blockchain, so that even in the event of hacker attacks, there is no need to worry about offline data security issues; Once again, as long as there is no human intervention, 51% of attacks will occur. Finally, if someone really has enough money to purchase Bitcoin (including but not limited to exchanges), they can open an account to retain some assets for themselves, while also continuing to pay transaction fees, and can convert it into other currencies as a source of income.