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Fork

What does Fork mean in crypto terms?

A fork represents a significant change or divergence in a blockchain network where the chain splits into two separate paths, each governed by a different set of rules. Forks can be either hard or soft. A hard fork is a backward-incompatible change that creates a new and distinct blockchain, often resulting in a new cryptocurrency being formed. A soft fork, however, is backward-compatible and only introduces new features or rules, with the expectation that the network will eventually adopt the update. Forks can occur due to disagreements within the community, the need for upgrades, or to rectify security vulnerabilities.

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