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** Understanding Ethereum forks and private keys:
Cryptocurrencies such as Ethereum. Many people have mistakenly believed that they would receive coins on both forks if they keep their private keys on a blockchain service like blockchain.info. However, this is not accessed entirely.
What happens during a fork?
The protocol is created, resulting in two distinct branches: the original and the new (or alternative). This can happen for various reasons, so diling a fork, each branch.
Private keys vs. Public addresses
You could ask yourself why the key concept here is that
, while private keys are used for controlling and managing a user’s assets **.
When, however, this does not transfer the property to the BTC itself. Instead, it creates a copy of the existing data in the blockchain, which is then stored on the private key.
**
In short, no. Holding the private keys on blockchain.info, however, will mean that you have not “owned” the BTC itself. Blockchain data.
(Or any other cryptocurrency), you can expect from the protocol, each with its own private key. However,
you will not receive coins on both forks
in essence, you have several wallets with different private keys.
**
If you have an Ethereum (ETH) wallet on blockchain.info and decide to participate in a fork
- You will still have the original Ethereum Waller on Blockchain.info.
*
- However, these new private keys will not automatically transfer the ETH property. Instead, they will create a new copy of your existing data in Blockchain.
Blockchain.info does not give you automatic access to coins both on cryptocurrency). The new private keys for each branch.
