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:
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