kuronokishi10 (OP)
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November 15, 2017, 01:20:03 AM |
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I have recently seen many people discussing about bitcoin fork,and I literally have no idea on what it is. No trolls please.
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mrbnson
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November 15, 2017, 01:33:20 AM |
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I have recently seen many people discussing about bitcoin fork,and I literally have no idea on what it is. No trolls please.
In short, there's a split in the direction a coin is taking, so a duplicate is made of the blockchain and a new coin is created, the two can then go their individual ways.
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mostcrack
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November 15, 2017, 06:40:45 AM |
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I also do not really understand what a bitcoin fork is, I've read from a blog, I remember a bit that bitcoin fork is a modified protocol or a blockchain protocol that is split into two or several parts. that's all I remember.
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terrific
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November 15, 2017, 06:44:08 AM |
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I have recently seen many people discussing about bitcoin fork,and I literally have no idea on what it is. No trolls please.
I also do not really understand what a bitcoin fork is, I've read from a blog, I remember a bit that bitcoin fork is a modified protocol or a blockchain protocol that is split into two or several parts. that's all I remember.
To know more about hard fork you should read this https://www.cryptocompare.com/coins/guides/what-is-a-bitcoin-fork/
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LeGaulois
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Top Crypto Casino
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November 15, 2017, 01:12:44 PM |
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A fork is when you take the source code of a project and then create a new one from it independently. To make it short, It's when you clone a project to make another one with some changes. The term applies to cryptocurrency but it can be about a browser, an operating system etc. For example, Qupzilla is a fork of Mozilla, Mozilla is a fork of Seamonkey. Kubuntu is a fork of Ubuntu, and so on. It's just a term in software engineering As related to Bitcoin you can read this to understand better what it's about: https://blog.coinbase.com/what-is-a-bitcoin-fork-cba07fe73ef1
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flowpify
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November 15, 2017, 01:16:09 PM |
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It's exactly the same thing as in software development, since basically it's also a fork on the code. You can find some pretty good explanations on Wikipedia https://en.wikipedia.org/wiki/Fork_(software_development) Fork can be because you need two different versions for two specific use cases, or juste because there is a difference on the vision of the product.
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adamcro
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November 15, 2017, 01:24:54 PM |
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Isn't forking just basically "copying" code from GitHub in your own repository and start working on that code in your repository
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BitNoLimit
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November 15, 2017, 01:42:10 PM |
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bitcoingame
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November 15, 2017, 03:09:45 PM |
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Even i also dont know what the fork... but now i have got some basic idea about it. thanks
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kuronokishi10 (OP)
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November 15, 2017, 03:23:14 PM |
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A fork is when you take the source code of a project and then create a new one from it independently. To make it short, It's when you clone a project to make another one with some changes. The term applies to cryptocurrency but it can be about a browser, an operating system etc. For example, Qupzilla is a fork of Mozilla, Mozilla is a fork of Seamonkey. Kubuntu is a fork of Ubuntu, and so on. It's just a term in software engineering As related to Bitcoin you can read this to understand better what it's about: https://blog.coinbase.com/what-is-a-bitcoin-fork-cba07fe73ef1Would there be any copy right issues? I don't even think that those laws are applicable here,but still I'm curious
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TianaStam
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November 15, 2017, 03:40:29 PM |
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All those articles written on some nerd language which is hard to understand to me as to a girl. But I think I understoo the main idea - sharing. But what this sharing is bringing with itself? Some faster transactions, am I right?
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mirte86
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November 15, 2017, 08:02:11 PM |
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Thanks guys...I didn't know what a fork was but now i have got some basic idea about it! This forum is so useful!
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thinkpad99
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November 15, 2017, 09:05:18 PM |
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Thanks guys...I didn't know what a fork was but now i have got some basic idea about it! This forum is so useful!
How many meanings can have one word. You can find out more about the fork on youtub. I recommend this portal for beginners, there are many useful information.
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kahc
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November 15, 2017, 10:14:31 PM |
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Thanks guys...I didn't know what a fork was but now i have got some basic idea about it! This forum is so useful!
There are differences between soft- and hardfork .
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eumarmahal
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November 16, 2017, 02:55:22 AM |
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A hard fork is generated when the cryptocurrency’s developers decide that changes must be made to the programming of the coin that will create incompatibilities between the older and newer version. When the changes are made, all users of that coin must willing to update all applications to continue to use that coin type correctly. or read this http://www.tech-recipes.com/rx/48517/cryptocurrency-what-is-a-fork/
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ruchi85
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November 16, 2017, 03:04:17 AM |
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Fork is a change in implementation of the code for a crypto currency ecosystem. Just like any other application on your phone or a computer cryptocurrencies undergo changes, to flourish, harden the crypto currency. There are predominantly two different categories of forks. A soft fork and a hard fork.
A soft fork is when the underlying changes done to the crypto ecosystem doesn’t effect the existing crypto ecosystem, meaning it is backward compatible with the older version of the crypto currency. You can go on performing your transactions and you’d hardly notice a difference in the way you deal with the currency. A hard fork on the other hand comprised of a major change that alters the existing blockchain storing the transaction blocks. This will render the old version of the coin incompatible with the newer version and you would no longer be able to carry out transactions on the older version.
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Vicente
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November 16, 2017, 03:44:25 AM |
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It's important to take into account that you have the possibility to make money from events like this. You can sell the forked currency to increase your main balance or have both currencies.
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xCRYPTO
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November 16, 2017, 05:05:16 AM |
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I thought they have made fork to avoid hacking, that's what i understand about fork. Am i right? For example they want to hack bitcoin wallet. Hacker couldn't easily hack that wallet.
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timbuque
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November 16, 2017, 10:07:04 AM |
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As a newbie, fork makes me confuse too. Googling it and found so many forks, not only in Bitcoin. Even in Bitcoin "family" I still completely confuse to start earning from which coin. BTC, BCH, BTG, BTX, B2X. Hundreds of tokens also distracts my focus. Sorry for share this.
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Tux99
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November 16, 2017, 10:28:38 AM |
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I also confuse. But i know the purpose is to make the transaction quicker by add some block.
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