I do not understand bitcoin and the blockchain. Isn't your bitcoin tied up in the mathematics the blockchain? Will those who trade away their money on one blockchain be able to retain it on the other blockchain? Will they synchronize the ledger in some way?
If the chain forks, then in theory you have the same money on both chains, and could spend it differently in each.
In practice, this fork only happens if >75% of miners switch to the new software, and I suspect the whole community would quickly abandon the other fork.
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I do not understand bitcoin and the blockchain. Isn't your bitcoin tied up in the mathematics the blockchain? Will those who trade away their money on one blockchain be able to retain it on the other blockchain? Will they synchronize the ledger in some way?
If the chain forks, then in theory you have the same money on both chains, and could spend it differently in each.
In practice, this fork only happens if >75% of miners switch to the new software, and I suspect the whole community would quickly abandon the other fork.
The blockchain is distributed, so "other blockchains" are alternate currencies like Dogecoin.