What is a forked coin？

A forked coin, also known as a fork or a hard fork, is a type of cryptocurrency that is created when a blockchain network splits into two separate and distinct chains due to a change in the underlying code.

A fork occurs when a group of developers or users in a blockchain community disagrees with the existing rules and protocols of the blockchain and decides to create a new version with modified features. This can happen for a variety of reasons, such as a disagreement over the size of blocks or the governance structure of the blockchain.

When a fork occurs, a new blockchain is created that is separate from the original blockchain. All the transaction data and account balances on the original chain are duplicated and carried over to the new chain. As a result, anyone who held the original cryptocurrency at the time of the fork will automatically receive an equivalent amount of the new forked coin.

Forked coins can have a significant impact on the cryptocurrency market and the original blockchain network. In some cases, forked coins gain popularity and value, while in other cases they fail to gain traction and lose value. Additionally, forks can sometimes cause disruptions in the original blockchain community and lead to debates and conflicts between different factions.

Overall, forked coins represent a form of innovation and experimentation in the cryptocurrency world, allowing developers and users to test out new features and ideas in a decentralized and open-source environment.

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