What is a fork ?

[Jetski]

I heard the many time about Bitcoin hard fork, if I have the Bitcoin in the wallet, how can I get the new Bitcoin after the fork? Have I received it automation?

Me too, i heard many time already but i don't know what fork means, but i now i am very happy of a new learnings.

[cowz]

If you don't know how to claim forked coins it would be easier to simply move it to an exchange that will support the fork

[hamasa]

So, in few words, If you see that it will happen a fork it will born a new cryptocurrency in both cases. The old cryptocurrency continues to exist in the market of crypto.

The difference is that in soft fork the new cryptocurrency has something in common with the old crypto.

When it happens an hard fork this new cryptocurrency change totally its structure, so, consequently it will became incompatible with the older one .

Thanks for the useful answers.

[moonuranus]

A fork is a creation of a new blockchain from one cryptocurrency. Fork happens when People want to modify its structure because they don't like how it works.

There are two forks. Soft and Hard one.

The Soft fork is when a part of blockchain is modified but it has something in common with  the old blockchain. In this case you haven't to update your wallet or download a new one.

The hard fork happens when there is a complete modification of its blockchain.
In this case, you have to update your software or download a wallet that recognize the new blocks that are generated.

Very well explained. Thank you for such a great explanation and a very useful info.

You guys are a great help with a beginners like us