How are forked coins awarded?

The degree and frequency of how are forked coins awarded depend on the nature and purpose of each hard-fork. For some, such as Bitcoin Cash and Bitcoin Gold, all existing Bitcoin holders automatically receive an equal amount of the forked coin. However, other hard forks may have specific eligibility requirements or criteria for claiming new coins.

What is a bitcoin fork?

A Bitcoin Fork is a term describing a split in the Bitcoin network. A fork can result in the creation of new coins that can be claimed by existing Bitcoin owners. In this post I’ll explain in detail what Bitcoin forks are, what risks they entail, and how to claim coins generated from forks safely. Don’t like to read? Watch the Video Guide Instead

What is a cryptocurrency Fork & how does it work?

When a cryptocurrency undergoes a fork, it’s essentially splitting into two separate entities, and existing coin holders can claim new coins. It’s important to keep track of each fork’s details, including the rules for claiming new coins and the potential risks involved.