Some people sow the FUD on Bitcoin. Well, if Bitcoin can be formed, is the fork the same as Bitcoin? A very interesting issue and I decided to take a look at it.
What is Hard Fork?
Hard Fork is a division of the network. Cryptovalutes have their own sets of rules, for example you can not send less money than 1 satoshi. It seems logical, but hackers could change these rules and let the world go. Their implementation is supervised by Bitcoin nodes, which verify and announce correct transactions.
However, if someone changes the rules at home, a natural Hard Fork will be created - the network will reject the node (ban it) and can verify its own rules.
This is how Hard Forks of Bitcoin are created - by modifying key properties. Then the human gets an alternative version of Bitcoin. Of course, until a certain moment the history of both cryptovalutes is common, only in the case of HF is the separation.
Is BCash Bitcoin?
Yes, but actually not. BCash is Bitcoin's fork, which was created in 2017, it introduced 2MB blocks, which were later expanded to 32MB.
However, from the climax the projects have separated and are less and less "common". BCash introduced larger blocks and Bitcoin introduced SegWit, Lightning Network, Rootstock and soon plans to introduce further improvements (Paynyms, Taproot, Segwit1 and many more).
So, despite the same origin, these networks are different with different philosophies.
Is Bitcoin just a technological advantage?
No. Bitcoin is a component of 5 community groups:
Miners
Portfolio providers
Programmers
Exchanges
Users
Having only these groups in large quantities allows to maintain harmony in the cryptovalue. BCash was created by the Miners, but the rest of the groups did not pass so willingly.
What about technology?
If we look at it from the technological point of view, we can probably imitate Bitcoin quite well and add the same things to the board. The only problem is that not many people will risk switching to a new network because:
It is not as protected as Bitcoin. Bitcoin is a safe turbo network. In general, it would seem that blockchain is causing something to be stored in it forever. This is not true if the network is vulnerable (e.g. 51% attack). An attack on Bitcoin (as for any cryptovalue) is possible, but an hour of such an attack costs more than 650 thousand dollars (and you still have to buy the equipment).
A small network can be attacked at a cheaper cost. Attacking the "Bitcoin Private" network costs 8 dollars ;) And such attacks happen, which is exemplified by "Bitcoin Gold" or "Ethereum Classic".
As your coin has no ideological background or any - you have to spend hundreds of thousands of dollars on programmers, service in the stock exchanges (on average it costs 100k for adding your own coin), shopkeepers ... Good luck.
