Question about BTC fork

[Ketesnuko]

I have a question about Bitcoin forks

As per the meaning of Bitcoin fork which says

Bitcoin fork is a change to the underlying protocol or set of rules that govern the Bitcoin blockchain. Because Bitcoin is open-source, decentralized software, changes to its code require consensus among network participants. When consensus cannot be reached, or when major improvements are implemented, the blockchain splits into two distinct paths. 

Is there a possibility that Bitcoin fork is still going to come or its over with?

[ABCbits]

As per the meaning of Bitcoin fork which says

Bitcoin fork is a change to the underlying protocol or set of rules that govern the Bitcoin blockchain. Because Bitcoin is open-source, decentralized software, changes to its code require consensus among network participants. When consensus cannot be reached, or when major improvements are implemented, the blockchain splits into two distinct paths. 

The definition isn't 100% accurate. For example, SegWit2X doesn't cause blockchain split and simply canceled/abandoned.

Is there a possibility that Bitcoin fork is still going to come or its over with?

There's no doubt we'll see more Bitcoin fork in the future. For example, i expect it's just matter of time before fork to QC-resistant cryptography (along with it's address) will be added to Bitcoin network.

[rat03gopoh]

You define a bitcoin hard fork. Yes, as long as Bitcoin is open source, hard forks will continue to exist. For example, excessive QC narratives could trigger a hard fork some dayt.
Another type is a soft fork, which can be considered an upgrade because the rule changes are still compatible with the older version, for example, SegWit.

[SquirrelJulietGarden]

I have a question about Bitcoin forks

Is there a possibility that Bitcoin fork is still going to come or its over with?

You can spend time and try to understand different Bitcoin forks, hard forks and soft forks, but practically you must ignore shitcoins that try to be Bitcoin forks. They are useless and want to make noise, catch attention of people in Bitcoin market as their Bitcoin forks are valuable and can change the game.

Practically after months or years of forked chain operations, their shitcoins become actually useless and have very low prices or will be completely dead.
How Many Bitcoin Forks Are There? You will be surprised!!!

Don't try to make a fork from Bitcoin source code, people will consider you as scammer.
Don't try to buy shit forked coins, as you will lose money with them.

[_act_]

Is there a possibility that Bitcoin fork is still going to come or its over with?

Quantum resistant cryptography will be one of the bitcoin forks because bitcoin has to move to a different cryptography entirely and also moved to a different blockchain entirely. So if there is a consensus about quantum resistant cryptography, that will lead to a hard fork.

If concensus is not reach but a coin is created like what happened that led to the creation of bitcoin cash, that is not a fork because bitcoin did not move to a new chain.

[Moreno233]

Is there a possibility that Bitcoin fork is still going to come or its over with?

Bitcoin forks will definitely come and their fate will not be different from those of the previous forks which is another shitcoins. They are shitcoins because they end up accomishing nothing despite their bold promises of being improved Bitcoin. Bitcoin forks somehow enriches mostly the creators and as long as more money enter their hands, forks will always come out when they have gathered the right terminology and reason to support it.

[Darker45]

Bitcoin fork isn't just a possibility, it's a necessity. Bitcoin has to upgrade. Otherwise, it would get stuck and grow obsolete. Surely, Bitcoin at its current state isn't its best version at all times, forever, especially taking into consideration technological developments. For example, when quantum computers finally become a thing in the future, Bitcoin has to adjust. There's most likely a fork.

However, you have to take note that there isn't just one type of fork. There's soft fork--backward compatible upgrades, doesn't require a blockchain split. There's hard fork--non-backward compatible, results into two separate networks. There's even a kind of fork which simply involves just copying Bitcoin's code like Litecoin, although some don't consider it as such.

[tbct_mt2]

Bitcoin fork isn't just a possibility, it's a necessity. Bitcoin has to upgrade. Otherwise, it would get stuck and grow obsolete. Surely, Bitcoin at its current state isn't its best version at all times, forever, especially taking into consideration technological developments. For example, when quantum computers finally become a thing in the future, Bitcoin has to adjust. There's most likely a fork.

However, you have to take note that there isn't just one type of fork. There's soft fork--backward compatible upgrades, doesn't require a blockchain split. There's hard fork--non-backward compatible, results into two separate networks. There's even a kind of fork which simply involves just copying Bitcoin's code like Litecoin, although some don't consider it as such.

Bitcoin forks are necessary things for Bitcoin technical improvements, upgrades to make it stronger, better and more convenient as well as feasible with time so generally it's good. It's only bad if scammers try to use forks for creating their shitcoins as their easy tools to scam people, steal money of people in the market while they don't actually have any technical capability of developments their "projects" after forking from Bitcoin source codes and Bitcoin chain.

Bitcoin fork is a technical feature that is either good or bad depends on people behind each fork but Bitcoin is only one, the longest Bitcoin chain, while other chains are weaker and most of them are useless too.

[Fivestar4everMVP]

I have a question about Bitcoin forks

As per the meaning of Bitcoin fork which says

Bitcoin fork is a change to the underlying protocol or set of rules that govern the Bitcoin blockchain. Because Bitcoin is open-source, decentralized software, changes to its code require consensus among network participants. When consensus cannot be reached, or when major improvements are implemented, the blockchain splits into two distinct paths. 

Is there a possibility that Bitcoin fork is still going to come or its over with?

Based on my own personal understanding, hard fork is an ever present feature available on the bitcoin network pending when a consensus can not be reached on a certain matter or issue, then the hard fork is triggers causing the chain to split in two, those supporting an idea go with one chain while those who are not in support goes with the other chain..

I can't remember right now when the last hard fork happened but it's really been a while, though this is an information that can easily be found by checking it on google..
I remember the time when I was still very new in cryptocurrency and during the hard fork that gave birth ot Bitcoin cash (BCH), the whole bitcoin community talked about this in a way i thought if the fork wasn't successful, bitcoin and the blockchain system will be destroyed 😁 but with time, I've learnt about this industry and it's amazing.

[Itz-prisigold]

For me, Bitcoin forks don't have an end point. I think Bitcoin forks is not something that can be completely "over"  as long as Bitcoin remains decentralized and open-sourced, there will always be a room for disagreement, so forks becoming a reality is even possible. That's actually one of the advantages of Bitcoin decentralization, everyone definitely have a say, and if some group of people strongly disagree about an upgrade, a fork can still happen.

We have already seen this play out with Bitcoin Cash. That situation demonstrated that if the community of a coin does not reach a consensus, the blockchain will split and create a fork.

My belief is that major forks are less likely to happen now, because the community is more mature now and they know that dividing a community doesn't have a positive impact, people now understand the risk of splitting the network, there will be confusion, price impact and divided support. So, most of the proposed updates today try to avoid conflicts and to maintain unity.

For me,  it is safe to say forks are not a reality, and when they do It will require a high level of community consensus.

[Iranus]

Is there a possibility that Bitcoin fork is still going to come or its over with?

Forking happen when someone want to change the rule of the network or the chain is temporarily split in two by mining two blocks at the same time. Later, however, the chain took care of itself. soft fork is more like a backwards-compatible update, accepting older networks as well. hard fork, in which the rules are so incompatible that it is no longer compatible with the previous chain. If there is no agreement then a whole new chain or separate coin is born. Segwit was a soft fork & Bitcoin cash was a hard fork where separate coin were released

Even today if a major group want to change the rule bitcoin can split again. But for it to be successful it require strong unity or consensus between miners, nodes and users. Otherwise it will just be a different cheap version like bitcoin cash, nobody will want it

[Donneski]

I have a question about Bitcoin forks

As per the meaning of Bitcoin fork which says

Bitcoin fork is a change to the underlying protocol or set of rules that govern the Bitcoin blockchain. Because Bitcoin is open-source, decentralized software, changes to its code require consensus among network participants. When consensus cannot be reached, or when major improvements are implemented, the blockchain splits into two distinct paths. 

Is there a possibility that Bitcoin fork is still going to come or its over with?

I will that say the definition you quoted is mostly correct but a fork doesn’t automatically mean the blockchain splits into two coins. That only happens with a contentious hard fork.

Bitcoin will still have forks in the form of protocol upgrades but a new Bitcoin-like fork is unlikely unless there’s strong disagreement in the bitcoin community again. These days, most changes aim for broad consensus to avoid any chain splits.

[Smartprofit]

This is an interesting question! According to Satoshi Nakamoto's posts on this forum, Bitcoin forks are a natural and democratic way to resolve disagreements between community members. 🙋

I remember Bitcoin forks being very popular in 2017. Bitcoin holders viewed them as a way to earn dividends (since they were worth a certain amount of money). Some cryptocurrency exchanges, like Bitfinex, regularly credited their users with new forks. Users could immediately sell this fork and increase their satoshis. 🦸

At its peak, Bitcoin Cash was worth 0.5 BTC... That's a lot.

Now, nothing is heard about Bitcoin forks... And I wonder if there really is no disagreement in the community? Or perhaps there is no democracy either? Perhaps Bitcoin development and mining are now effectively monopolized?

[DaveF]

This is an interesting question! According to Satoshi Nakamoto's posts on this forum, Bitcoin forks are a natural and democratic way to resolve disagreements between community members. 🙋

I remember Bitcoin forks being very popular in 2017. Bitcoin holders viewed them as a way to earn dividends (since they were worth a certain amount of money). Some cryptocurrency exchanges, like Bitfinex, regularly credited their users with new forks. Users could immediately sell this fork and increase their satoshis. 🦸

At its peak, Bitcoin Cash was worth 0.5 BTC... That's a lot.

Now, nothing is heard about Bitcoin forks... And I wonder if there really is no disagreement in the community? Or perhaps there is no democracy either? Perhaps Bitcoin development and mining are now effectively monopolized?

No, it's just that there has been no reason to hard fork.

Sooner or later BTC will have to hard fork to deal with QC as others have said.
Beyond that, what we have now is working. Until there is a compelling need to, since BTC is money you don't want to risk things that are not necessary.

-Dave

[Zoomic]

I have a question about Bitcoin forks

As per the meaning of Bitcoin fork which says

Bitcoin fork is a change to the underlying protocol or set of rules that govern the Bitcoin blockchain. Because Bitcoin is open-source, decentralized software, changes to its code require consensus among network participants. When consensus cannot be reached, or when major improvements are implemented, the blockchain splits into two distinct paths. 

Is there a possibility that Bitcoin fork is still going to come or its over with?

Yes, the network is still being forked but this time around, it is soft form, which doesn't require break in protocol but an upgrade.
What you defined above only captured hard fork.

Examples of soft form are;
Segwit,
Taproot
Etc

[Smartprofit]

This is an interesting question! According to Satoshi Nakamoto's posts on this forum, Bitcoin forks are a natural and democratic way to resolve disagreements between community members. 🙋

I remember Bitcoin forks being very popular in 2017. Bitcoin holders viewed them as a way to earn dividends (since they were worth a certain amount of money). Some cryptocurrency exchanges, like Bitfinex, regularly credited their users with new forks. Users could immediately sell this fork and increase their satoshis. 🦸

At its peak, Bitcoin Cash was worth 0.5 BTC... That's a lot.

Now, nothing is heard about Bitcoin forks... And I wonder if there really is no disagreement in the community? Or perhaps there is no democracy either? Perhaps Bitcoin development and mining are now effectively monopolized?

No, it's just that there has been no reason to hard fork.

Sooner or later BTC will have to hard fork to deal with QC as others have said.
Beyond that, what we have now is working. Until there is a compelling need to, since BTC is money you don't want to risk things that are not necessary.

-Dave

Nevertheless, 2017 saw numerous forks. Some of the coins resulting from these hard forks are still in the top 200 on Coinmarketcap. 🙋 Their prices even rise periodically in line with Bitcoin's.

I remember coins like Bitcoin Cash, Bitcoin Gold, and Bitcoin Diamond. But there haven't been any significant hard forks since then (or maybe I'm just unaware of them).

I wonder what the reason is? Has the developer community become more coordinated? Are there any socio-psychological defense mechanisms in place that prevent hard forks? Or has the developer community become more monopolistic?

[Zaguru12]

Now, nothing is heard about Bitcoin forks... And I wonder if there really is no disagreement in the community? Or perhaps there is no democracy either? Perhaps Bitcoin development and mining are now effectively monopolized?

I am not saying that forks are actually bad because we have had successful soft forks which has actually created help in the malleability problem faced by bitcoin and also some scalability problems were solved.

But I haven’t seen any major hard fork that has actually yielded anything I will call as result because most hard forks were done as a result of maybe pure greed and that’s why they didn’t last or have much attraction like they would.

This is also why we don’t see hard forks around not that there isn’t any disagreement but because they are not worth any break away from bitcoin actually protocol, not that bitcoin is perfect but most of these forks are useless

[PrivacyG]

I wonder what the reason is? Has the developer community become more coordinated? Are there any socio-psychological defense mechanisms in place that prevent hard forks? Or has the developer community become more monopolistic?

When a thing works, it does not need any new change.  Unless you want to experiment and find out if some thing may make it better.  The same thing happens with Forks, why would Bitcoin need a change?  And why would the rest of the Bitcoiners accept one.  If we did not like what all the Forks brought to Bitcoin, we would move to something else or just give up.

Bitcoin is too big to risk a significant change.  Quantum Computing, SegWit, all of them are understandable and worth the 'risk'.  I have seen very few people complain about SegWit and I presume it would be stupid to complain about a Quantum Computing resistance Hard Fork.  If we had Forks every few months, it would make Bitcoin pretty unstable.  Not to mention this also means more possible vulnerabilities to fix.  I want Bitcoin as stable as it can be.  For 100 Hard Forks, we have many Shit Coins around.  But most of them go through Forks to try to revive them.  Bitcoin does not need that.

[lionheart78]

BTC fork is inevitable.  It is due to the development of Bitcoin, which enables Bitcoin to overcome limitations and scale on the technology needed for the current development, may it be security, scalability, or fixes.

Without a fork, Bitcoin will become obsolete since avoiding forks limits the technological advancement of the Bitcoin network.  Aside from that fork is also needed to guard the network from ever evolving threats.

[pooya87]

Is there a possibility that Bitcoin fork is still going to come or its over with?

Bitcoin protocol has consistently received many "upgrades" that are all implemented in form of [soft] forks. One of the earliest you might have heard of is the introduction of BIP16 or P2SH and the last one was introduction of SegWit version 1 or Taproot.

It is not over. Whenever developers have something good that can improve Bitcoin further, they will introduce it and if it reaches consensus, it will be implemented.