Hard Fork is a mandatory software update permanently diverging within the Blockchain. Non-upgraded nodes within the Blockchain cannot validate blocks of transactions without updating their software. The hard fork would cause a split in the chain and thus creating two separate coins that are not compatible with one another – this update is irreversible.
Disclaimer: CryptoCanucks.com is not intended to provide tax, legal or investment advice, and nothing on CryptoCanucks.com should be construed as an offer to sell, a solicitation of an offer to buy, or a recommendation for any asset by CryptoCanucks.com or any third party. You alone are solely responsible for determining whether any investment, asset or strategy, or any other product or service, is appropriate or suitable for you based on your investment objectives and personal and financial situation. You should consult an attorney or tax professional regarding your specific legal or tax situation.

