Altcoins Talks - Cryptocurrency Forum

Learning & News => For Beginners => Basic Questions about Cryptos => Topic started by: bosshyip on July 06, 2018, 08:14:44 AM

Title: What the fork?
Post by: bosshyip on July 06, 2018, 08:14:44 AM

How is value forked? If a blockchain is forked, is it's value also forked? Isn't that a doubling of value overall?

Title: Re: What the fork?
Post by: sugarchrisp on July 06, 2018, 08:36:54 AM

No, it's usually just another coin developing on the same blockchain technology whatever the coin is forking from.  It doesn't steal value from the original coin, but they usually distribute the forked coin to whoever is holding the main coin, as a way to incentivize advertising the new coin. 

Title: Re: What the fork?
Post by: Bobcrypto on July 13, 2018, 09:43:58 PM

And in addition, it simply put - a “fork” is a change to the software of the digital currency that creates two separate versions of the blockchain with a shared history.
Forks can be temporary, lasting for a few minutes, or can be a permanent split in the network creating two separate versions of the blockchain. When this happens, two different digital currencies are also created.

Title: Re: What the fork?
Post by: altcoingamer on July 14, 2018, 12:50:20 AM

Quote from: Bobcrypto on July 13, 2018, 09:43:58 PM

And in addition, it simply put - a “fork” is a change to the software of the digital currency that creates two separate versions of the blockchain with a shared history.
Forks can be temporary, lasting for a few minutes, or can be a permanent split in the network creating two separate versions of the blockchain. When this happens, two different digital currencies are also created.

Yeah there's lots of caveats with this that are complicated.