How Does the Community Consensus Mechanism Influence the Success of a Hard Fork?

The success of a hard fork is primarily determined by community consensus, which includes miners, developers, exchanges, and users. If the majority of the community, especially the economic actors (exchanges and businesses), adopts the new chain, the fork is successful, and the old chain often dies.

Lack of consensus can lead to a chain split, diluting hash rate and market value across two competing chains.