What is a Crypto Chain Split?

A chain split, also known as a fork, occurs in a blockchain network when the community of users and developers disagree on the rules that govern the network. This disagreement can lead to a split in the chain, creating two separate versions of the blockchain with different sets of rules. One common example of a fork is a hard fork, which occurs when a blockchain's protocol is changed so that it is no longer compatible with the previous version. This…