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Oct 19, 2017 The chain can only continue if they have mining support and people to use the new chain rules. Fundamentally, the old chain retains the historic rules and is unaffected by the fork. Due to this, both chains share the transaction and code history up until the split. This means that if one holds bitcoin on the old 

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Now, let's move to cryptocurrencies. Crypto's (like Bitcoin) are based on open-source blockchain technology with distributed database which means, their is no third party (like HDFC bank) who manages our ledger. The network is distributed. The miners are the one who maintain the database of all transactions that happen