What does "fork" mean in Cryptocurrency?
Asked 5 years ago
Hi, I was watching some crypto trading videos, and one of the traders started talking about cryptocurrency forks, but he didn't explain what it meant. What happens when a cryptocurrency forks? Thanks.
Andia Rispah Igobwa
Saturday, December 18, 2021
A fork is a software upgrade to the digital currency that generates two separate versions of the blockchain, each with its own history.
A fork may be temporary, lasting a few minutes, or it might be permanent and result in two distinct blockchains.
When this occurs, two distinct cryptocurrencies are formed. A forked network is essentially an entirely new currency.
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