What is a cryptocurrency Fork?

Forks occur when a network no longer agrees on the best route forward. There are different types of fork, soft forks, hard forks, and contentious hard forks. However, not all forks lead to the creation of new cryptocurrencies.

Is the future a fork shaped cryptocurrency?

In the past year alone, Bitcoin has hard forked three times, leading to the creation of Bitcoin Private, Bitcoin Coin and Bitcoin Gold. With that in mind, it’s safe to say the future is fork shaped. Start every day with the top news stories right now, plus original features, a podcast, videos and more.

What are Bitcoin forks?

In simpler terms, if you had one Bitcoin, you would have also received one BSV and one BCH each. This process birthed new chains, what we now know as “Bitcoin Forks”. Many forks of Bitcoin emerged after this event. In this article, we will explore what exactly forks are, and how they are formed. How Do Forks Work?