Forks - Dark Street Cryptocurrency Wiki



What are Forks? (Crypto Wiki)



When analyzing Cryptocurrency the term Fork or Forks will often be used to describe a currency.  What does that mean?

A Fork is a code that is a tweak off a previously existing source code.   A variety of Forks can emerge from single code and then gain a life of its own and independent from both the original and other related Forks.

When looking at Cryptocurrencies its fair to say that other currencies are forks of Bitcoin.  Some Forks act almost the same way as the original while as other will attempt to change various aspects of the original.   In the case of cryptocurrencies the most common changes are changes to emission limits, speed, hash function algoriths and even the encryption algorithm.

Bitcoin itself is based off an algorithm called SHA-256 that was designed in 2002.

Other popular bases for Forks are Scrypt, Scypte Adaptive - Nfactor, and Keccak/Sha-3.


Pictures of Crypto Forks as concepts:








Want to learn about Crypto terms? Check out the CryptoWiki!

Enter CryptoWiki Here



--Crypto Kid




Important Disclaimer: Dark Street does not endorse any financial vehicle or investment. Opinions expressed on Dark Street are those of the writers and not of Dark Street. The information provided in Dark Street including but not limited to; articles, notes, webinars and accompanying material is for informational purposes only. It should not be considered legal or financial advice. You should consult with an attorney or other professional to determine what may be best for your individual needs. Dark Street does not make any guarantee or other promise as to any results that may be obtained from using our content. No one should make any investment decision without first consulting his or her own financial advisor and conducting his or her own research and due diligence. To the maximum extent permitted by law, Dark Street disclaims any and all liability in the event any information, commentary, analysis, opinions, advice and/or recommendations prove to be inaccurate, incomplete or unreliable, or result in any investment or other losses. Content contained on or made available through the website is not intended to and does not constitute legal advice or investment advice and no attorney-client relationship is formed. Your use of the information on the website or materials linked from the Web is at your own risk.

Comments

HOT NOW