Crypto forking

Written by
Krisztián G.
Fact checked by
Tamás D.
Apr 2022

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
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Krisztián Gátonyi
Author of this article
I have 15 years of experience in proprietary trading, mainly in the interbank currency market as a foreign exchange risk manager. I'm actively involved in reviewing the 100+ brokers listed on our site. I personally open accounts with real money, execute trades, test customer services. I hold an MSc in International Business from the University of Middlesex. My purpose is to help people find the best investment provider.
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