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Onchain Economics

Hard Fork

A blockchain protocol change that's not backward-compatible, potentially splitting the network into two separate chains.

In-Depth Explanation

Hard forks change consensus rules in ways that old nodes can't validate. If the community disagrees, both chains may persist (Ethereum/Ethereum Classic after The DAO hack, Bitcoin/Bitcoin Cash over block size). Coordinated hard forks upgrade the entire network; contentious forks create competing chains with shared history up to the split.

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