kaal:claim:3441904-025

If a community cannot agree after a hard fork on which chain is the true chain, the result can be two blockchains competing in perpetuity, and the only viable remedy is abandoning one branch, which causes some miners to lose re-allocated transactions.

Source quote, verbatim

If after a hard fork, the respective community cannot agree on which chain is the true chain, e.g. the chain that provides the most likely survivable protocol, it may result in two blockchains that compete in perpetuity.

From

Wulf A. Kaal, Blockchain-Based Corporate Governance (2019), III.5 Socially Optimal Forks, p. 22
https://ssrn.com/abstract=3441904 · source PDF

Cite as

Wulf A. Kaal, Blockchain-Based Corporate Governance (2019). SSRN: https://ssrn.com/abstract=3441904

Holds when

contentious hard forks
example of the fork that created Bitcoin Cash

Classification

failuresupport: evidencedfailure: perpetual-chain-contentionfamily: interoperability-and-fragmentationconsensus-and-securityblockchaingovernance-design

Verify

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