In the beginning- in a galaxy far far away, there was the ICO....Then came along the HARD FORK

Not Necessarily a Fork

Raising funds for a crypto startup initially was implemented with a ICO. 

To put it simply, a hard fork is the process of dividing the procedure of a cryptocurrency in two parts- ie Bitcoin and Bitcoin Cash. In doing so, a facilitator or in this case, a developer doesn’t gain a position to monetise, but merely the position to alter the said cryptos procedure.

This then gives the owner of the cryptocoin, the sole expenditure benefits of both coins- the fork.

Bitcoin Cash is the perfect example of the fork. With a larger block capacity than Bitcoin, its popularity is proven that forks are not so bad of an strategy after all.

The process of creating a fork are not mind blowing. When developer complete a  fork they  inherit an already created user base. If an ICO were to also use the fork process, it would be a disaster. The value of their coin would plummet drastically.

Less problems for Regulators

With the rise in popularity of the ICO,regulators have been under global pressure to better control the security protocols. Countries such as South Korea have heavily regulated ICO’s although, cryptocurrency trading is generally left alone.

Two sides to a Bitcoin

To fork or not to fork?....This seems to be the underlying question at hand. When “forking”, it’s obliviously wise to do so with the most popular cryptocoin on the market. In this case, Bitcoin Cash did just that. But in doing so, open the door to others such as- Bitcoin Gold, Bitcoin Silver, Bitcoin Diamond and Super Bitcoin. Imitation is cool in some cases. But not so in this one.