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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.
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)
Cryptocurrency is a type of digital or virtual currency that uses cryptography for security. Unlike traditional currencies issued by governments, like dollars or euros, cryptocurrencies operate on ...
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In 2014 the Nxt community was asked to consider a hard fork that would have led to a rollback of the blockchain records to mitigate the effects of a theft of 50 million NXT from a major cryptocurrency exchange. The hard fork proposal was rejected, and some of the funds were recovered after negotiations and ransom payment.
Cryptocurrency is produced by an entire cryptocurrency system collectively, at a rate that is defined when the system is created and that is publicly stated. In centralized banking and economic systems such as the US Federal Reserve System , corporate boards or governments control the supply of currency.
China based cryptocurrency, formerly ANT Shares and ANT Coins. The names were changed in 2017 to NEO and GAS. 2014 MazaCoin: MZC BTC Oyate Initiative SHA-256d: C++ [39] PoW: The underlying software is derived from that of another cryptocurrency, ZetaCoin. 2014 Monero: XMR Monero Core Team RandomX C++ [40] PoW
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