List of cryptocurrency forks

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Each fork occurs at a block number AKA block height. To qualify for the fork, you must be in Bitcoin before the block height for that fork occurs. See the additional notes at the bottom of the page for more information on how to claim forked coins and how to be in Bitcoin for the fork. Implemented to deal with the block limitations issue.

The debate over this also led to the Bitcoin Cash hard fork. Added Schnorr signatures, and improved the ability to handle smart contracts. It also allowed for the Lightning Network. BIP Suggested. Block NOTE: Snapshot block already occurred; the coin has officially been released and trades on a number of exchanges.

No-premine, proof of stake, CPU mining, 2mb blocks. Block , Bitcoin World BTW. Around December 23rd. Not to be confused with LiteBitcoin. Bitcoin God GOD : No pre-mining, no central team in theory , smart contracts, large blocks, POS mining, lightening network enabled, zero-knowledge proof, etc. Originally said to occur Dec. According to the site: ETH block: Each ETH can claim 0.

BTC block: Each BTC can claim 3. From what we can tell, and as a reader pointed out, this iteration of Segwit2x seems to have no direct relation to the last Segwit2x fork beyond its name. Further, there is some who question the legitimacy of this fork. The current iteration is planned for block The smart nod is a nod to smart contracts. It is similar to Bitcoin God where it throws the kitchen sink into the mix. Block occurred Jan 24, However, if a relatively large portion of a cryptocurrency community decides that they do not want to apply the new changed protocols but rather stick with the older version, then the two versions will be divided into two separate cryptocurrencies and continue to operate independently.

Hence, this type of cryptocurrency fork is known as a hard fork. Compared to hard forks, the likelihood of a cryptocurrency splitting after soft forks is very low. Litecoin was intended to have a lower block generation time, increase the maximum supply, and so on. The first prominent Bitcoin fork was Bitcoin XT, and its upgrade included an increased block size which doubled every two years.

However, it was not very successful. It also failed later on. Next came Bitcoin Unlimited, which was a combination of the two previous forks, but its supply was unlimited. What are the Bitcoin Hard Forks? Bitcoin Gold is a Bitcoin hard fork, which focuses on more decentralization. This is because more powerful miners in the Bitcoin blockchain have a bigger chance to mine than smaller ones. Hence, Bitcoin Gold wants to resolve that.

Bitcoin Cash is the most successful Bitcoin fork so far.

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A fork can be planned or unplanned. There is also a great difference between a hard fork and a soft fork, which will be observed below. Planned and Unplanned Forks As can be seen from the name, planned forks are those types of forks that are planned to be released by developers.

The team behind a decentralized project planning to fork the blockchain usually announce an upcoming fork, introduce a fork calendar, or add this event to the roadmap. On the contrary, unplanned forks are usually unexpected. Sometimes, miners can simultaneously discover the same block. The mining process continues, and blocks are added to new branches of the chain.

The issue resolves simply: the branch with the most mined blocks survives, while another one with the least blocks does not operate. However, it is always a good idea to refresh the knowledge base. Miners of a particular decentralized network are essential parts that discover new blocks, validate transactions, and just maintain a healthy environment within the blockchain. In order to produce the next block and add it to the blockchain, miners have to reach a consensus.

Every serious protocol or any other update needs to be approved by the majority of miners. Once updates are accepted, a blockchain starts to work in a new way according to the changes. It is a cryptocurrency hard fork. A hard fork is a significant update to a blockchain that is not backward compatible with the old version of a blockchain. This means that miners who disagree with new mandatory changes to a protocol will not be able to mine blocks until they install updates. New blockchain can appear due to hard forks like it was with Bitcoin and Ethereum.

We are going to observe these cases down below. Ethereum and Bitcoin Hard Forks For a better understanding of a hard fork, let us provide examples of crucial changes that occurred within Ethereum and Bitcoin networks.

Ethereum Hard Forks One of the most well-known forks that happened in the crypto industry is Ethereum. No, it is not a mistake. In order to resolve critical issues, developers proposed several options. Implement a soft fork and rollback the system Make hard fork and reset smart contracts, which the attacker implemented Do nothing It was decided to choose the second solution.

Compared to hard forks, the likelihood of a cryptocurrency splitting after soft forks is very low. Litecoin was intended to have a lower block generation time, increase the maximum supply, and so on. The first prominent Bitcoin fork was Bitcoin XT, and its upgrade included an increased block size which doubled every two years. However, it was not very successful.

It also failed later on. Next came Bitcoin Unlimited, which was a combination of the two previous forks, but its supply was unlimited. What are the Bitcoin Hard Forks? Bitcoin Gold is a Bitcoin hard fork, which focuses on more decentralization.

This is because more powerful miners in the Bitcoin blockchain have a bigger chance to mine than smaller ones. Hence, Bitcoin Gold wants to resolve that. Bitcoin Cash is the most successful Bitcoin fork so far. Bitcoin Cash price throughout the years. Source: Coinmarketcap Bitcoin Cash price throughout the years.