July 6, 2022

A complete list of Bitcoin Forks till date

List Of Bitcoin Forks, Cryptocurrency, Top List

A fork basically means an upgrade/update to an existing software/program/code in order to add some changes in it. Such changes are also done to the blockchains of cryptocurrencies like Bitcoin. The developers decide to fork the existing code and bring some changes to it. The miners are asked for the changes and upon their agreement, they start making the changes. Depending on the changes, a fork can be of two types:

1) Hard Fork
2) Soft Fork

1. Hard Fork

A Hard Fork is a big change in the rules of a network which doesn’t share its consensus with the entire network and thus making a completely new network/chain and leaves it to the community to decide whether to accept the new rules and use the new network/chain or stick with the old rules and keep using the old network/chain. The new set of rules makes an entirely different blockchain which does not accept nor validates any transactions from the old blockchain. Anyone willing to use the new rules or changes will have switch from old to new.
Hard forks on Bitcoin resulted in creating new cryptocurrencies with their own running networks and nodes. These are: Bitcoin Cash and Bitcoin Gold.

2. Soft Fork

A Soft Fork is a change that shares the same consensus and doesn’t require a new network or blockchain of its own but it gets added to the current blockchain when the majority of the miners accept and use it. Such a change can make changes to transaction speeds, lessen the fees charged on a transaction or any other changes like that. The community doesn’t require to switch to any other network and can have the changes taking effects with only some minor software or wallet changes.
Soft forks on Bitcoin resulted in transaction speeds and reducing the fees on transactions. Noticeable soft forks on Bitcoin were: Segwit (Segregated Witness) and Lightning Network.

There have been many forks on Bitcoin so far, both Hard forks and Soft forks. All of them have had some changes of their own. Below is a complete list of all Bitcoin Hard Forks, Soft Forks and spinoffs that have either either made a change in the current network environment or taken a part of it and made their own changes with it and presented it as a completely different environment for the community.

Leave a Reply

Your email address will not be published.

mersin eskort - eskort bodrum - eskişehir eskort - eskort - escort