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In blockchain, a fork is defined variously as: "What happens when a blockchain diverges into two potential paths forward", "A change in protocol", or; A situation that "occurs when two or more blocks have the same block height".
A fork influences the validity of the rules. Forks are typically conducted in order to add new features to a blockchain, to reverse the effects of hacking or catastrophic bugs . Forks require consensus to be resolved or else a permanent split emerges.
Bitcoin Cash was created from a hard fork in the Bitcoin blockchain to provide faster, cheaper transactions. Bitcoin and Bitcoin Cash have some differences, including their use cases, prices, fees ...
The Ethereum community controversially decided to hard-fork the Ethereum blockchain to restore approximately all funds to the original contract. This split the Ethereum blockchain into two branches, each with its own cryptocurrency, where the original unforked blockchain continued as Ethereum Classic. [10]
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When those proposals gain enough momentum, they can result in a hard fork of the blockchain. At that time, the main blockchain is split into two blockchains, and a new token is created for the ...
This means that anyone who owned one bitcoin at the time of the fork automatically owned one unit of Bitcoin Cash. [19] [20] [11] [21] The technical difference between Bitcoin Cash and bitcoin at the time of the fork is that Bitcoin Cash supports larger block sizes. This allows the Bitcoin Cash blockchain to process more transactions per second ...
A blockchain is a distributed ledger with growing lists of records (blocks) that are securely linked together via cryptographic hashes. [1] [2] ... In a hard fork ...
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