Forks

Greetings to all Steemians!
Firstly Imagine a path in the wild forest. Sometimes there, the path do splits into two, and then one have to either choose which way to go.

• Same In the amazing world of cryptocurrencies, a "fork" is more like that very split path. It's definitely when a blissful digital currency's technology do divides into two of separate versions. This here usually happens in because people do have different ideas about where and how the currency should work.

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What Are Forks and When Do They Occur?

A fork is seen as a change in a particular cryptocurrency's code. It as well can happen for some several reasons, like in fixing problems, probably adding new features, or maybe because some people there in the community definitely disagree about how the things should be run.

Forks always occur when the developers do update the code of a certain cryptocurrency, creating in a different version of it most likely.

Sometimes too, these very changes are much small, and so everyone keeps on moving along the same path well. But the other times too, the changes are much big, leading perfectly to a two separate paths, just as in like in the forest. When a fork do occurs, people will have to decide properly which version of the particular cryptocurrency to follow.

Distinguish Between Fork Types

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There are indeed two main types of forks in crypto: The soft forks and hard forks.

• Soft Forks: Let's Think of a soft fork much like making a pretty new rule that though everyone can massively agree to follow without actually leaving the original path that exist. The changes here are the backward-compatible, meaning so well that even those who don’t really update can still access work with the new rules too. It's much like deciding that hence or from now on, you’ll really have to pick up litter when you see it on the trail.

The path always stays the same; and everyone can really walk on it, but though some have decided to keep it much cleaner.

• Hard Forks: A hard fork here is definitely like when the path in that very forest truly splits apart. Some of the people go one way of it, while others as well take an entirely different route.

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A hard fork here always creates a brand-new currency 💵. If then the community can’t really agree, they decides to create two separate versions of the currency. With an example in here of a hard fork is definitely when Bitcoin split into the Bitcoin and Bitcoin Cash. Each of the group continues well on its own designated path, creating in a different currencies with pleasing unique rules.

Indeed Forks are acknowledge to be essential in the cryptocurrency as they helps well allow for incredible growth and too the change, ensuring in these very digital coins remain much useful and safe.

I'm happily inviting @uduak3287, @fortwis09 and @aviral123 to join me let's discuss more on "Forks"

               "Thank You"

Cc,
@khursheedanwar