Lets jump to it.
First, Fork is a kind of a wrong term. There is no much fork from a user/btc owner point of view, it was more like… cloning 🙂
Its easy, main thing is: Now, we have 2 currencies Bitcoin and Bitcoin cash. They are separated 100%. There are 2 separate blockchains out there. They look exactly the same until the 01.08.2017. when fork occurred.
So, what happend?
Short answer: nothing much. If you have bitcoins stored on your device, you now have the same amount of bitcoin cash. Case closed 🙂 If you have btc stored on an exchange/online wallet, well… depends on them, they might either take away your bitcoin cash (we do not support it) or they might have provided you the exact amount of bitcoin cash as there were bitcoins.
Longer answer: 95% of the bitcoin network are just fine. Those 5% dudes are troublesome, so they decided to create bitcoin cash, and here we are.
There was a dispute. How should community handle a scalability issue? Those 5% dudes from the bitcoin network decided to do it their way. As a matter a fact they did not change much, but they basically wanted a different change. Why? Someone will argue that this was about control, not about taking a different path.
So… They are now bitcoin cash, the rest are bitcoin. ONE BLOCKCHAIN is taking 2 paths, so if you had bitcoins you still have them (95% of the network is still there), but now, you also have bitcoin cash. Its like someone did a copy/paste w blockchain – nothing is wrong with your bitcoin wallet, only now you can download a bitcoin cash wallet and find there your new coins. Yes, you can sell them and buy bitcoins 🙂
For more detail, please search the f web or post a comment 🙂
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