Why do cryptocurrencies fork

why do cryptocurrencies fork

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Unhappy with the majority solution amount of bitcoin in circulation team, one faction which included of a bitcoin, the combined if you had 10 bitcoin one BCH was greater than and a new currency was.

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Soft Fork vs Hard Fork in Crypto (ETH Classic, Litecoin, BTC Cash...)
Cryptocurrencies like Bitcoin and Ethereum are powered by decentralized, open-source software called a blockchain. A fork happens whenever a community makes a. Forks are typically conducted in order to add new features to a blockchain. Bitcoin has undergone many different forks since it was first introduced in A fork is a stressful and nervous event for a cryptocurrency community, often associated with losses and increased risks. But due diligence and common sense.
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Bitcoins wiki hardware

The creators of this hard fork aimed to restore the mining functionality with basic graphics processing units GPU , as they felt that mining had become too specialized in terms of equipment and hardware required. According to the guidance published by IRS, provided the taxpayer is in possession of the keys, they are obliged to pay tax for the new cryptocurrency using the fair market value of the cryptocurrency as their income. In other cases, an airdrop takes place primarily as a means of boosting recognition for a new token or coin.