Let’s understand what is a fork in cryptocurrency, why it happens, and its implications What is a Fork in Cryptocurrency? Digital assets like Bitcoin and Ethereum are not just cryptocurrencies; they are also decentralized networks governed by consensus protocols. One of the unique phenomena that can occur within these networks is called a “fork.” Understanding what a fork is, why it happens, and its implications is crucial for anyone involved or interested in the cryptocurrency space. Understanding Forks in Cryptocurrency A fork in cryptocurrency refers to a divergence or split in the blockchain network’s protocol. It results in two separate…
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