Coin Citadel (CCTL)

[Ramiel]

Basically, it is a change to the protocol or “rules” that requires a Blockchain split. The old software will not accept blocks/transactions created with the new rules. There’s a small percentage of developers/miners that have a different vision for Bitcoin. This is what creates the fork in the Blockchain. Why? Basically, everyone is trying to solve the scalability problem (with different solutions) of bitcoin so it can compete with Visa. That’s why there’s all these hardforks going on. What does this mean for Bitcoin holders? Basically, it’s a pseudo dividend. You get free tokens! Freeeeeeee! You keep all your original Bitcoins and you get the same amount of the new bitcoin called Bitcoin Cash (aug 1 hardfork) Or bitcoin gold (oct 25th hardfork). There’s another hardfork in November coming as well. For tax purposes, that’s a whole other topic that deserves a whole new thread.