Which of the following is true about a fork of Bitcoins rules which results in a fork of the block chain into two branches?
The fork doubles the total value of the currency | Wrong |
The fork will eventually be resolved due to the longest valid branch rule | Wrong |
A transaction can be valid in both forks | Correct |
Anyone who owned bitcoins before the fork can choose which branch to transfer their coins to | Wrong |
The value is determine by the market, which would unlikely be doubled just because of rule split.
The fork is due to rule difference and therefore will not converge.
The fork can choose to accept the previous BitCoin or not.
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