The last Bitcoin hard fork occurred on August 1, 2017. This hard fork resulted in the creation of a new cryptocurrency called Bitcoin Cash (BCH).
Bitcoin Cash is a direct result of the scaling debate that has been going on within the Bitcoin community for years.
The purpose of a hard fork is to upgrade the protocol of a cryptocurrency. In order to do this, developers need to make changes to the code that runs the blockchain.
A hard fork can be contentious, which means that not everyone agrees with the changes that are being made. This can lead to two different versions of the same cryptocurrency being created.
In the case of Bitcoin, there have been two different camps when it comes to scaling the cryptocurrency. One camp wants to keep Bitcoin as it is and only allow for small upgrades.
The other camp wants to make more drastic changes in order to allow for more transactions per second. This camp is known as Bitcoin Cash.
When the hard fork occurred, those who were in favor of Bitcoin Cash moved their coins to a new blockchain. This resulted in two different versions of Bitcoin: Bitcoin (BTC) and Bitcoin Cash (BCH).
Both cryptocurrencies have their own supporters and both are traded on different exchanges.
The last Bitcoin hard fork was a direct result of years of debate within the community about how to scale the cryptocurrency. While some people are happy with the result, others are still uncertain about the future of both BTC and BCH.
Only time will tell what will happen next for these two cryptocurrencies.