In the years since Bitcoin's launch, disputes between groups of miners and developers have led to large-scale divisions within the cryptocurrency community. In some of these examples, groups of Bitcoin users and miners changed the Bitcoin network's own protocol. This process is known as "forking" and usually results in the creation of a new type of Bitcoin with a new name. This split could be a "hard fork" where a new coin shares its transaction history with Bitcoin to a decisive split point, at which point a new coin is created. Examples of cryptocurrencies created as a result of hard forks include Bitcoin Cash (created in August 2017), Bitcoin Gold (created in October 2017) and Bitcoin SV (created in November 2017). A "soft fork" is just a protocol change that still complies with previous system rules. Bitcoin's soft forks have increased the total block size.
- CandleFocus Editor
Bitcoin Forking: