Hard Fork

      A Hard Fork, as it related to cryptocurrency and blockchain technology, is a radical change in the protocol that is not backwards compatible and forces its participants to upgrade their software if they want to continue to participate in the network.

     Whenever a hard fork takes place, a duplicated version of the original chain appears and now two versions of the chain exist. Participants of the original network all received mirrored accounts the new chain and are balanced with an equal amount (1:1) of the new network’s currency. 

Examples of protocol changes that warrant Hard-Forks:
   – Block size 
   – Confirmation Time
   – Block time           
   – permissibility to join
   – Hashing Functions

      Related Terms:



BTC: bc1qcskmel9llhrdqj3arxyqnennx4ashvfutlreyy
LTC: ltc1qa0fj4lcu5365rep50aza5fqqvx8ef0afemh6s5
ETH: 0x071D72dbc48ad2Fe35daE256eCF0834C5dde688c
DASH: XgXHqVyJiQNdVVszH9cnqCP4uWcP8tVxdK
BNB: bnb1mau4j8kry0jgw45ufy69hvhd0k04llet8fk2p6

Welcome To The Crypfo Initiative!

There was an error while trying to send your request. Please try again.

Crypfo.info will use the information you provide on this form to be in touch with you and to provide updates and marketing.
Join the Leaders of the Digital Economy.
Gain Access to Specialized Crypto Asset Insight before anyone else.