Cryptoprice.ng -  Live Crypto prices | Market News | Latest Crypto News | Breaking News logo Cryptoprice.ng -  Live Crypto prices | Market News | Latest Crypto News | Breaking News logo

Cryptocurrency and Blockchain Dictionary

A complete list of crypto definitions

Cryptocurrency and blockchain glossary

Commonly used terms in the world of blockchain and cryptocurrency

Terms commonly used in the world of blockchain and cryptocurrency

Fork

Fork – splitting the blockchain into two branches. There are two types of fork: Soft Fork – a change to the protocol where only previously valid blocks or transactions are made invalid. Since old nodes will recognize the new blocks as valid, a soft fork is backward-compatible. Requires a majority of the miners upgrading to enforce the new rules. Hard Fork – a radical change to the protocol that invalidates previously valid blocks or transactions. Sometimes, both the old and the new blockchain continue to coexist, separating into two different cryptocurrencies. Requires all the miners upgrading to enforce the new rules. For example, Bitcoin Cash was created by hard forking the Bitcoin protocol; both cryptocurrencies coexist now.


Get Crypto Newsletter
Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer