New Study: Hard Forks Constitute Threat to Crypto Stability
A new study prepared by a group of researchers suggest that hard forks are a threat to cryptocurrency stability.
The study led by the Oak Ridge Institute for Science and Education fellow Benjamin Trump, who reviewed the state of cryptocurrency “forks” by investigating over 800 soft forks and hard forks from Bitcoin (BTC), claimed that the stability of cryptocurrencies are threatened by the split processes, or more familiar as hard forks.
These processes are actually allowed, with some of them are even pre-planned and mentioned on the crypto roadmap from the beginning.
According to the researchers, Hard forks will become more regular, with up to 50 possible in 2018 alone. Trump explained:
“Hard forks are a threat to maintaining a stable and predictable operating platform that is essential if cryptocurrencies are to be adopted for daily financial transactions.”
Trump further added that if Bitcoin seeks to become more “globally recognized, reliable, and predictable” medium of exchange on an international scale, all parties who are involved, such as miners, wallet developers, exchange operators, as well as stakeholders are required to have a good governance that will result in more stability to the coin.
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