Bitcoin forks are defined variantly as changes in the protocol [1] or as the situations that occur "when two or more blocks have the same block height". Forks are typically conducted in order to add new features to a blockchain, to reverse the effects of hacking or catastrophic bugs. Forks require consensus to be resolved or else a permanent split emerges.
The following are forks of the software client for the bitcoin network:. All three software clients attempt to increase transaction capacity of the network. The majority hash power did not begin to use these clients. Therefore there was no consensus to change the rules.
Hard forks splitting bitcoin are created via changes of the blockchain rules, sharing a bitcoin bitcoin gold fork history with bitcoin up to a certain time and date.
The first hard fork splitting bitcoin happened on 1 Augustresulting in the creation of Bitcoin Cash. From Wikipedia, the free encyclopedia. Retrieved 22 Bitcoin bitcoin gold fork Programming the Open Blockchain 2 ed. O' Reilly media, inc. Retrieved 23 April The Decentralized Alternative to Central Banking. Retrieved 17 January A Basic Beginners Guide - Blockgeeks". Retrieved from " https: Bitcoin clients Computing-related lists Clients computing Cryptocurrencies.
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It's not based on a physical scarce resource like coal or oil.