Fork Definition: A fork in blockchain refers to a split in the network, where the code and software become available, and anyone can access this to propose changes to improve the network. When a fork occurs, this can also mean that miners are not aligned, which provides more than one option or two versions of the blockchain.
When this happens, it must be decided which version of the blockchain to continue using or mining to keep price volatility minimal. When the decision to choose one version or another isn’t unanimous, this could result in two versions of the blockchain.
comparewise
Send us your questions and we will get back to you.
Top deals await you just a short
application away!