Crypto terminology: "Fork"

in #cryptocurrency • 6 years ago

Crypto Terminology (25).jpg

A fork is the permanent divergence of an alternative operating version of the current blockchain.

Forks come into existence when:
-a 51% attack occurs
-a bug in the program
-more commonly a new set of consensus rules come into existence. These happen when a development team creates and inserts notably substantial changes into the system. The successful fork is decided by the height of their blocks.

#crypto #bitcoin #fork
6 years ago in #cryptocurrency by
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