What is a Blockchain Fork?

A fork in the context of cryptocurrency refers to a change in the underlying protocol or software of a blockchain network. This change can be a minor update, or it can be a major alteration to the way the network operates. There are two types of forks: a soft fork and a hard fork. A soft fork is a backward-compatible change to the protocol. This means that nodes running the older version of the software will still be able to…