FREE SHIPPING ON ORDERS OVER $50



What is the difference between a fork and a hard fork?

Posted by Taras Lanchev on

The majority of cryptos have been created as a result of a fork. The number of forks is increasing day by day, but it's important to know the differences between a fork and a hard fork. Let's use an example to explain.

Litecoin - was originally a fork of Bitcoin. Its foundations are built on the source code of BTC, but its blockchain was started from block 0. 

Bitcoin Cash - is a hard fork of Bitcoin. Similarly to the fork - the foundations are built using the source code of Bitcoin, yet the blockchain was started from block 478559. As a result of that, the network was effectively split into 2 and 2 independent from each other blockchains were created. Because the split happened at the exact block - both networks have the same transaction history before block 478559 and this in effect allows all Bitcoin (BTC) holders to get the same amount of Bitcoin Cash (BCH) in the 1:1 ratio.

Nowadays, no one uses forks because hard forks allow for a quicker way to get people onboard with the project and get an acceptable coin price. Saying that that difference between forks and hard forks is fading away. More often than not, cryptos like Bitcoin Cash, Bitcoin Gold and Litecoin Cash are called forks.

Related Posts

What is Pump and Dump and Why Should I avoid it?
Telegram and other messengers which are used for crypto have a lot of channels and groups which offer quick money fro...
Read More
How much to pay for a Bitcoin transaction? Calculating Bitcoin fees in Satoshis
We have already installed your Bitcoin wallet and might have even tried to do your first transaction. If you succeede...
Read More
What is Gas in Ethereum and how much should I pay for an Ethereum transaction?
"I didn't have enough gas to complete a transaction! What does that mean? How do I get around it?" I hear those quest...
Read More