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Crypto forking

cryptocurrency fork  occurs when one blockchain is divided into two blockchains. It happens when an update is made to the blockchain protocol but not all of the network participants agree to adopt it. There are two main types of forks:

  • Soft fork: a change to the software protocol where only previously valid transaction blocks are made invalid
  • Hard fork: a radical change to a network's protocol that makes previously invalid blocks and transactions valid

Author of this article

Krisztián Gátonyi

Author of this article

Krisztián has 15 years of experience in proprietary trading, mainly in the interbank currency market as a foreign exchange risk manager. He received his MSc degree in International Business from the University of Middlesex. He is interested also in real estate and dividend growth investing. His purpose is to help people find the best investment provider.

Krisztián Gátonyi

Senior Broker Expert

Krisztián has 15 years of experience in proprietary trading, mainly in the interbank currency market as a foreign exchange risk manager. He received his MSc degree in International Business from the University of Middlesex. He is interested also in real estate and dividend growth investing. His purpose is to help people find the best investment provider.

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