what is fork?

[mr.charming]

Hello guys.
I am newbie here and I want to know that what is fork?and what is Bitcoin gold and Bitcoin cash?
And BCG and BCC have any connection with fork?

[MadGamer]

BitcoinGold and BitcoinCash are both hard forks of bitcoin. We have two types of fork, a soft fork and hard one.

[ajqjjj]

Hello guys.
I am newbie here and I want to know that what is fork?and what is Bitcoin gold and Bitcoin cash?
And BCG and BCC have any connection with fork?

First you are a newbie and completely know about the cryptocurrency. Many time this questions was raise in the Bitcoin forum. simply you are not spend any time about Bitcoin. Beginning session is completely explain about bitcoin. This may help to understand the basic knowledge of Bitcoin, Bitcoin gold and Bitcoin cash. latest news also published in many online sites

[odolvlobo]

All transactions are stored in a database called a "block chain". Transactions are grouped into "blocks" and the blocks are linked together in a sequence (the "chain"). In order for a miner to add another block of transactions to the chain, all miners must agree that the block and the transactions it contains are valid.

If miners disagree on the validity of a block then there will be a "fork" where one group of miners adds the block to the block chain and the others do not. The result is that the chain diverges as the two groups of miners continue adding blocks to the chain that they think is valid. Since they cannot agree on that one block, there will always be two chains.

Bitcoin Gold and Bitcoin Cash (and Segwit2x) are intentional forks. In an intentional fork, a group believes they can improve Bitcoin by making a change, but the change is not compatible with the previous rules.

[Exister]

In the context of bitcoin and cryptocurrency.

Fork has 2 main meanings.

First meaning is relating to code development and is shared with all software projects.

The code base of bitcoin can be forked to form the basis for the development of a new project. This has happened many times.

Second meaning specifically concerns blockchain based cryptocurrencies.

The blockchain is a data structure where each block is linked together with a cryptographic hashing function that allows the younger block to inherit a digital fingerprint of the data in its parent block.
The fork occurs at the tip of the blockchain where there are 2 child blocks that are created simultaneously, subsequently propagated throughout the network, creating a conflict of consensus.
Part of the network will then have a different copy of the blockchain than the other, and the network will continue creating new blocks until the chain with the most blocks is finally accepted by the entire network.

Such is the case with any fork that occurs where there isnt an intent to change the underlying policy of the network.

The other type of blockchain fork is the policy changin type of fork.

In a soft fork like segwit bip141 there is a policy change but the forked blockchain continues to run in parallel because it is backwards compatible. participants are free to move their bitcoins back and forth between segwit enabled and legacy addresses.

In the hard fork as with bitcoincash, There is a policy change that does not permit backwards compatibility. The tail of the blockchain is cloned so that participants of the original network will have an equivalent balance on the cloned chain. each version of the blockchain then eliminates their respective policy violating fork and continues to build itself as 2 separate blockchains.

[Rahul20]

Occasionally, users of cryptocurrency will see wild price fluctuations related a phenomena called a fork.

[killer.98]

Hi, I want to tell you what I know, this may be wrong.
In my opinion, bitcoin is a codec that offers outstanding features
BCG and BCC are twin brothers of BTC
BCG is BitCoin Gold
BCC is BitCoin Cash

[Esmeral]

We have 3 types of Bitcoin, which are separated from a single bitcoin and initially
Through the hardcover we have added BitCoinCore (BCC) on 1/8/2017
And BitcioinGold (BCG)

[spadormie]

The fork is what people particularly those other businessmen doing on bitcoin. They are halving the bitcoin in two, or just cut it in half. But still bitcoin is the king and the forked bitcoin is just an ordinary alternative coin.

[Pandacomel]

If you pay more attention to bitcoins.You will heard many people are talking about the 'fork'.But what does it mean by 'fork'.On a blockchains,a fork is technical event that participant need to agree on common rules.There are two type of fork.That is 'Hard fork' and 'Soft fork'.At most basic,a fork is what happen when a blockchain diverges into two potential path forward.

[Kmrherradura05]

Forking leads to the development of different version of a program. The project is forked so that the code can be developed independently in different ways with different result. Bitcoin fork is a change to the software of the digital currency that creates two separate versions of the blockchain with a shared history. It has two type the hard fork and the soft fork.

[Saimabutterfly]

Simplest meaning of a fork is to have the code developed further for improvements or fixing glitches. The devs change the codes a bit.

[whoisyourking]

Fork is like updating the whole bitcoin changing some protocol or the algorithm and fixing some bugs and errors in the software there are types of fork the hard fork this fork has a big changes in blocks of bitcoin and the soft fork this may change the size of blocks lower than the hard fork. for further info about fork there are lots of topics here you may go help your self and back read.

[mr.charming]

All transactions are stored in a database called a "block chain". Transactions are grouped into "blocks" and the blocks are linked together in a sequence (the "chain"). In order for a miner to add another block of transactions to the chain, all miners must agree that the block and the transactions it contains are valid.

If miners disagree on the validity of a block then there will be a "fork" where one group of miners adds the block to the block chain and the others do not. The result is that the chain diverges as the two groups of miners continue adding blocks to the chain that they think is valid. Since they cannot agree on that one block, there will always be two chains.

Bitcoin Gold and Bitcoin Cash (and Segwit2x) are intentional forks. In an intentional fork, a group believes they can improve Bitcoin by making a change, but the change is not compatible with the previous rules.

I understood very well.thank you so much sir

[mr.charming]

In the context of bitcoin and cryptocurrency.

Fork has 2 main meanings.

First meaning is relating to code development and is shared with all software projects.

The code base of bitcoin can be forked to form the basis for the development of a new project. This has happened many times.

Second meaning specifically concerns blockchain based cryptocurrencies.

The blockchain is a data structure where each block is linked together with a cryptographic hashing function that allows the younger block to inherit a digital fingerprint of the data in its parent block.
The fork occurs at the tip of the blockchain where there are 2 child blocks that are created simultaneously, subsequently propagated throughout the network, creating a conflict of consensus.
Part of the network will then have a different copy of the blockchain than the other, and the network will continue creating new blocks until the chain with the most blocks is finally accepted by the entire network.

Such is the case with any fork that occurs where there isnt an intent to change the underlying policy of the network.

The other type of blockchain fork is the policy changin type of fork.

In a soft fork like segwit bip141 there is a policy change but the forked blockchain continues to run in parallel because it is backwards compatible. participants are free to move their bitcoins back and forth between segwit enabled and legacy addresses.

In the hard fork as with bitcoincash, There is a policy change that does not permit backwards compatibility. The tail of the blockchain is cloned so that participants of the original network will have an equivalent balance on the cloned chain. each version of the blockchain then eliminates their respective policy violating fork and continues to build itself as 2 separate blockchains.

Thank you so much

[Coin12]

I have read many thread asking about this. Everytime i read the meaning of fork, i always dont really understand.
Simply in my mind, fork is just fixing the blockchain and make everything going faster specially for transaction and reduce the fee.

[HeRetiK]

Hello guys.
I am newbie here and I want to know that what is fork?and what is Bitcoin gold and Bitcoin cash?
And BCG and BCC have any connection with fork?

A hardfork in the context of Bitcoin Gold, Cash and the upcoming SegWit2x fork, is a divergence from the current protocol rules between different nodes leading to a network split. Each part of the network shares their transaction history up until the time of the split and goes their own ways after that. Meaning coins on both sides of the fork share a history until the point in time where the fork occurs, but after the fork each coin can be used separately on their own respective network. In practice this means that for each coin you hold on one side of the hardfork before it occurs, you then own a coin on each respective side of the fork.

Be aware that Bitcoin Cash's most used ticker symbol is BCH, not BCC. BCC originally belongs to another alt called BitConnect, which is unrelated to Bitcoin. Bitcoin Gold is most commonly referred to as BTG.

Simplest meaning of a fork is to have the code developed further for improvements or fixing glitches. The devs change the codes a bit.

Technically correct, but Bitcoin Gold and Bitcoin Cash are more than just code forks.

[mr.charming]

All transactions are stored in a database called a "block chain". Transactions are grouped into "blocks" and the blocks are linked together in a sequence (the "chain"). In order for a miner to add another block of transactions to the chain, all miners must agree that the block and the transactions it contains are valid.

If miners disagree on the validity of a block then there will be a "fork" where one group of miners adds the block to the block chain and the others do not. The result is that the chain diverges as the two groups of miners continue adding blocks to the chain that they think is valid. Since they cannot agree on that one block, there will always be two chains.

Bitcoin Gold and Bitcoin Cash (and Segwit2x) are intentional forks. In an intentional fork, a group believes they can improve Bitcoin by making a change, but the change is not compatible with the previous rules.

Thank you so much for this information.

[ariaalex]

fork is what people particularly those other businessmen doing on bitcoin. They are halving the bitcoin in two, or just cut it in half. But still bitcoin is the king and the forked bitcoin is just an ordinary alternative coin.

[AriannaSantosUU]

In the case of bitcoin, a hard fork happened when 2 groups did not agree over the technological advancement of bitcoin. So the other group copied the bitcoin ledger/blockchain and founded their own version of BTC. This happened twice last year hence the BCH and BTG.