What is a fork in a blockchain?

A fork in a blockchain can occur in any crypto-technology platform—not only Bitcoin. That is because blockchains and cryptocurrency work in basically the same way no matter which crypto platform they're on. You may think of the blocks in blockchains as cryptographic keys that move memory.

What is a cryptocurrency Fork?

What is a fork? Cryptocurrencies like Bitcoin and Ethereum are powered by decentralized, open-source software called a blockchain. A fork happens whenever a community makes a change to the blockchain’s protocol, or basic set of rules.

What is a hard fork & a backward-compatible blockchain?

Because the end result is a single blockchain, the changes are backward-compatible with the pre-fork blocks. Hard fork: A hard fork happens when the code changes so much the new version is no longer backward-compatible with earlier blocks.

What are the most Forked cryptocurrencies?

Bitcoin and Ethereum are two of the most forked cryptocurrencies. The infamous Dogecoin is a fork of mainstream crypto Litecoin, and Litecoin is a fork of Bitcoin. Why Might a Blockchain Fork? In cryptocurrency, there are two types of forks: hard forks and soft forks.