Fork

A fork in crypto refers to a situation where a blockchain splits into two separate chains. This can happen for a variety of reasons, such as a change in the underlying protocol, a disagreement among developers or members of a community, or a cyber attack.

There are two types of forks in crypto: “soft forks” and “hard forks”.

A soft fork is backward-compatible, meaning that the new chain will still be able to process transactions made on the old one. This type of fork is less disruptive and can occur when a blockchain’s protocol is updated or improved.

A hard fork, on the other hand, is a type of fork that creates a new, separate blockchain that is not backward-compatible with the old chain.

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