After witnessing the complete and total annihilation of the Terra ecosystem over the past few weeks, many people are excited about the possibility of a hard fork breathing new life into the Terra ecosystem, revitalizing the project, and hopefully making good on some of the losses that Luna holders suffered.....but what even is a hard fork in the first place? In today's post, I'll explain what a hard fork is, why they happen, and the implications for crypto holders. We will also take a look at some historically important cryptocurrency hard forks.