On August 1, 2017, a community "civil war" erupted from disagreements over technical roadmaps, splitting the Bitcoin blockchain and giving rise to a new cryptocurrency - Bitcoin Cash (BCH), which once had a maximum market capitalization of over $70 billion.


Forks are not just code updates but also embodiments of decentralized community consensus. Whether it's a SegWit soft fork that speeds up transactions or a hard fork that creates new coins, each fork is reshaping the ecosystem and the future of cryptocurrency.
01 The Nature of Forks: The Evolutionary Path of Blockchain
In the world of decentralized cryptocurrencies, no central authority can update the system with a single click. The development of blockchain depends on the collective decision-making of the community, and this upgrade mechanism is called a "fork."
Simply put, a fork is a change to the core protocol or a set of fundamental rules of the blockchain. You can think of it as an upgrade to open-source software.
BTC-0,84%
BCH0,47%
View Original
GoldMedalLecturervip
12.30 ETH Market Analysis! Support the annual voting for gold medal instructors. Free technical analysis!
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
  • Pin

Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)