{"id":1974,"date":"2024-02-21T12:42:41","date_gmt":"2024-02-21T11:42:41","guid":{"rendered":"https:\/\/cryptandco.com\/?p=1974"},"modified":"2024-02-21T12:42:41","modified_gmt":"2024-02-21T11:42:41","slug":"fork-blockchain-and-bitcoin-what-its-all-about","status":"publish","type":"post","link":"https:\/\/cryptandco.com\/en\/fork-blockchain-e-bitcoin-di-cosa-si-tratta\/","title":{"rendered":"Fork Blockchain and Bitcoin: what it's all about"},"content":{"rendered":"
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Fork Blockchain and Bitcoin: what it's all about<\/h1>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t
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The world of <\/span>cryptocurrency<\/span><\/a> is a dynamic world and<\/span> constantly evolving<\/b>, thanks to its advanced technologies that keep changing to improve and adapt to the future.<\/span><\/p>

It is a continuous metamorphosis, and over the past decade, both <\/span>Bitcoin<\/b><\/a> which<\/span> Ethereum<\/b> have gone through several transformations, known as <\/span>\"Fork\"<\/b>, a phenomenon that has always influenced the cryptocurrency landscape.<\/span><\/p>

To understand what is meant, it is necessary to know that Blockchains, the beating heart of these digital currencies, follow<\/span> codified guidelines<\/b> that govern the process of validating transaction blocks and maintaining consensus among nodes.<\/span><\/p>

And it is precisely these guidelines that can be modified to <\/span>implement updates<\/b>, protect the community from potential threats, or even to introduce new cryptocurrencies.<\/span><\/p>

In the following article, we will give a precise explanation of what is meant by<\/span> Fork Bitcoin<\/b> o<\/span> Fork Blockchain<\/b>, taking as an example one of the most well-known cases: the Bitcoin Cash Fork.\u00a0\u00a0<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t

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What is meant by Fork<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t
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With the term<\/span> \"Fork\"<\/b> in the context of cryptocurrencies refers to the process in which the community of a cryptocurrency project is divided into <\/span>two or more blockchains<\/b> following a significant change in the underlying protocol.<\/span><\/p>

The blockchain Fork, as a whole, thus represents the <\/span>protocol update process<\/b> or of the <\/span>code of a cryptocurrency<\/b>. This can happen when the community cannot agree on the consensus algorithm and transaction validation rules.<\/span><\/p>

This creates distinct sections in the blockchain, thus introducing new dynamics and rules. Bifurcations, in turn, can also <\/span>lead to the creation of new tokens<\/b>.<\/span><\/p>

The whole system can take place through the <\/span>creation of a new network from scratch<\/b>, as in the case of Litecoin, or by bifurcating the existing blockchain, as in the case of <\/span>Bitcoin Cash<\/b>, where divergent views on the direction of bitcoin have given rise to a new cryptocurrency.<\/span><\/p>

Generally speaking, a new bifurcation can give rise to two distinct kinds of Fork: the<\/span>l soft and hard Fork<\/b>.<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t

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Hard Fork and Soft Fork<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t
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When dealing with a new bifurcation, you may be faced with either a soft Fork or a hard Fork. The two are types that represent<\/span> the degree of change<\/b> that the code has undergone, whether massive or lighter.<\/span><\/p>

In particular, hard Fork implies a <\/span>radical change in software<\/b>, requiring all users to upgrade to the latest versions.<\/span><\/p>

The nodes that persist with the previous version <\/span>Are no longer accepted in the new version<\/b> and this results in a <\/span>permanent divergence <\/b>from the previous blockchain.<\/span><\/p>

Sometimes, however, a lack of unanimous consent can be encountered, and this can lead to the<\/span> Coexistence of two blockchains<\/b> Using variants of the same software.<\/span><\/p>

On the other hand, the soft Fork is presented as a <\/span>backward compatible solution<\/b>. The updated blockchain is responsible for approving transactions, but outdated nodes continue to <\/span>consider new blocks as valid<\/b>.<\/span><\/p>

However, this backward compatibility is <\/span>unilateral<\/b>: the updated blockchain does not recognize outdated nodes. To ensure the effectiveness of a soft Fork, the majority of miners must therefore adopt the new rules, increasing<\/span> post-bifurcation network security<\/b>.<\/span><\/p>

Soft Forks, as used in the Bitcoin and Ethereum blockchains, often aim to implement software updates such as BIP 66 in the case of Bitcoin.<\/span><\/p>

On the other hand, the Hard Fork, with their<\/span> retroactive incompatibility<\/b>, require a mandatory upgrade to the latest version of the software to continue to actively participate in transaction validation, leading to a <\/span>Final break in the blockchain<\/b>.<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t

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Bitcoin Cash Fork: an example<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t
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One example of hard Fork Bitcoin that is being talked about a lot is the <\/span>Bitcoin Cash (BCH)<\/b>, which has emerged in the cryptocurrency landscape with considerable impact. It was born during the forced hard Fork of the <\/span>August 1, 2017<\/b>, breaking away from the <\/span>Main blockchain<\/b>.<\/span><\/p>

This is a bifurcation that introduced a significant increase in block size, <\/span>going from 1 MB to 8 MB<\/b>, a move that was necessary to make network bandwidth more powerful and to lower transaction costs.<\/span><\/p>

At the time of the passage and creation of the Hard Fork, Bitcoin holders received an equivalent amount of BCH in their wallets, so this was the <\/span>moment of the birth of a new network<\/b>.<\/span><\/p>

In a very short time, Bitcoin Cash has positioned itself as one of the most relevant and successful Blockchain Forks, enabling a <\/span>Superior transaction processing speed <\/b>and handling a larger volume than the original Bitcoin network.<\/span><\/p>

However, it is crucial to point out that despite these advantages, <\/span>Bitcoin remains the preeminent cryptocurrency<\/b> by market capitalization, with BCH holders likely to experience lower liquidity and value than their original counterpart.<\/span><\/p>

The new network also implemented a protection mechanism against parallel transactions in the two blockchains, and all of this participated in ensuring the stability and security of cryptocurrency.<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>","protected":false},"excerpt":{"rendered":"

Fork Blockchain and Bitcoin: What it's all about The world of cryptocurrency is a dynamic and constantly evolving world, thanks to its advanced technologies that keep changing to improve and adapt to the future. It is a continuous metamorphosis, and over the past decade, both Bitcoin and Ethereum have gone through several transformations, known ... Read more<\/a><\/p>","protected":false},"author":12,"featured_media":1980,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[15],"tags":[],"class_list":["post-1974","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-glossario-crypto"],"acf":[],"yoast_head":"\nFork Blockchain e Bitcoin: di cosa si tratta - Crypt&Co<\/title>\n<meta name=\"description\" content=\"Si parla molto di \u201cfork\u201d nell\u2019ambito delle criptovalute: ma cosa si intende con questo termine e cosa sapere\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptandco.com\/en\/fork-blockchain-and-bitcoin-what-its-all-about\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Fork Blockchain e Bitcoin: di cosa si tratta\" \/>\n<meta property=\"og:description\" content=\"Si parla molto di \u201cfork\u201d nell\u2019ambito delle criptovalute: ma cosa si intende con questo termine e cosa sapere\" \/>\n<meta property=\"og:url\" content=\"https:\/\/cryptandco.com\/en\/fork-blockchain-and-bitcoin-what-its-all-about\/\" \/>\n<meta property=\"og:site_name\" content=\"Crypt&Co\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/Cryptandco\" \/>\n<meta property=\"article:published_time\" content=\"2024-02-21T11:42:41+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cryptandco.com\/wp-content\/uploads\/2024\/02\/fork-bitcoin-1024x646.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1024\" \/>\n\t<meta property=\"og:image:height\" content=\"646\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"David Stacchi\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@Cryptandco\" \/>\n<meta name=\"twitter:site\" content=\"@Cryptandco\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"David Stacchi\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"5 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/cryptandco.com\\\/fork-blockchain-e-bitcoin-di-cosa-si-tratta\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/cryptandco.com\\\/fork-blockchain-e-bitcoin-di-cosa-si-tratta\\\/\"},\"author\":{\"name\":\"David Stacchi\",\"@id\":\"https:\\\/\\\/cryptandco.com\\\/#\\\/schema\\\/person\\\/082c6163dd314d110525ef69f30af5cd\"},\"headline\":\"Fork Blockchain e Bitcoin: di cosa si tratta\",\"datePublished\":\"2024-02-21T11:42:41+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/cryptandco.com\\\/fork-blockchain-e-bitcoin-di-cosa-si-tratta\\\/\"},\"wordCount\":815,\"publisher\":{\"@id\":\"https:\\\/\\\/cryptandco.com\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/cryptandco.com\\\/fork-blockchain-e-bitcoin-di-cosa-si-tratta\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/cryptandco.com\\\/wp-content\\\/uploads\\\/2024\\\/02\\\/fork-bitcoin.png\",\"articleSection\":[\"Glossario Crypto\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/cryptandco.com\\\/fork-blockchain-e-bitcoin-di-cosa-si-tratta\\\/\",\"url\":\"https:\\\/\\\/cryptandco.com\\\/fork-blockchain-e-bitcoin-di-cosa-si-tratta\\\/\",\"name\":\"Fork Blockchain e Bitcoin: di cosa si tratta - 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