Market Cap: $173,899,881,911
Cryptos: 2,171
Market Cap: $173,899,881,911
24h Vol: $43,039,100,608
BTC Dominance: 51.9299 %

What is a Fork in Cryptocurrencies?

6 months ago

A fork is when a hash between two different miners are found within the same span of time and for validation, the result is spread to different different neighbours and often results in a block as one part of the miner believes in one result while the others believe in the second result, effectively creating a hard fork.

Crypto Fork

Although the block being resolved is often the case, the probability of a coin having a collision on two blocks is very much less of now, but there are often one block conflicts which happen after most generation periods.

This problem is solved by the reconvergence method of the Blockchain where the result of the 2 blocks of higher blockchains will be accepted whereas the sought out block will be a part of the orphan block and stored in the pool.