Is the token holder – often the holder of some sort of digital currency – always free to choose which branch of the fork to take?
A blockchain is often thought of as a record of a single continuous sequential series of transactions, but sometimes the chain can branch off into a new direction from the original chain, while the original chain continues to move forward separately. Current holders of the digital tokens on that blockchain have a choice of which direction to follow going forward.
In his latest column in The New York Law Journal, Norton Rose Fulbright New York partner Robert Schwinger discusses two recent cases that focus on the ability of whether the holders of the digital tokens on a blockchain indeed always are free to choose which branch of the blockchain to follow.
Norton Rose Fulbright has a useful database of FinTech materials for those who are interested in learning more about the subject.