A Comparison Of Bitcoin Sv Vs. Other Cryptocurrencies In BSV Blockchain.

What Are Bitcoin Forks?

When the network has to go through a hard fork due to community disagreement, a clone of the original network is created. This results in a new division where the original and altered versions carry on in different directions, each taking their supporters and miners with them. Depending on the reason behind the hard split and the protocol changes implemented, a fork can have completely different features from its parent chain. There are over 100 BTC forks that have tried to mimic the success of Bitcoin, most with little traction. 74 of them are still active, while the others are dead. There are some leading hard forks in the digital currency. There are many others, including Bitcoin Gold, Bitcoin Cloud, and many more. Most of the forks are community-driven and intended to add more features to the conventional Bitcoin, or come from disagreements on critical features such as speed, transaction fees and block size.