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A source code fork or project fork is when developers take a copy of source code from one cryptocurrency project and start independent development on it, creating a separate and new piece of blockchain. Such examples are; Litecoin a source code fork of Bitcoin, Monero fork of Bytecoin and Dogecoin fork of Litecoin.
If you've been mining cryptocurrency or investing in crypto for some time, you may have heard of a cryptocurrency fork. But how to fork a cryptocurrency is not something that most people ...
The first hard fork splitting bitcoin happened on 1 August 2017, resulting in the creation of Bitcoin Cash. The following is a list of notable hard forks splitting bitcoin by date and/or block: Bitcoin Cash : Forked at block 478558, 1 August 2017, for each bitcoin (BTC), an owner got 1 Bitcoin Cash (BCH)
Litecoin (Abbreviation: LTC; sign: Ł) is a decentralized peer-to-peer cryptocurrency and open-source software project released under the MIT/X11 license. Inspired by Bitcoin, Litecoin was among the earliest altcoins, starting in October 2011. [4] [5] In technical details, the Litecoin main chain shares a slightly modified Bitcoin codebase.
A type of cryptocurrency inspired by internet memes, pop culture or social media trends. Unlike mainstream cryptocurrencies like Bitcoin or Ethereum, memecoins often lack a clear utility or ...
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Bitcoin Cash (also referred to as Bcash) is a cryptocurrency that is a fork of bitcoin. Launched in 2017, Bitcoin Cash is considered an altcoin or spin-off of bitcoin . [ 9 ] [ 10 ] [ 11 ] In November 2018, Bitcoin Cash further split into two separate cryptocurrencies: Bitcoin Cash (BCH) and Bitcoin Satoshi Vision (BSV).
A hard fork occurs when changes to the blockchain aren’t compatible with the old system, forcing a system-wide update. If developers disagree about implementing the changes, the blockchain can ...