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Table of Contents
What is a Bitcoin fork?
The main types of forks
Will a fork produce a new currency?
The impact and considerations of forks
Home web3.0 What's going on with Bitcoin fork? Will new currencies be generated?

What's going on with Bitcoin fork? Will new currencies be generated?

Jul 01, 2025 am 09:45 AM
Blockchain Bitcoin cryptocurrency digital currency trading platform miner

As a decentralized digital currency, Bitcoin lies in a blockchain ledger maintained by countless computers around the world. Maintaining this ledger requires all participants to follow a preset set of rules and verify the effectiveness of transactions and blocks through consensus mechanisms. What is called a “fork” can occur when these rules require escalation or disagreement between community members on interpretation or modification of the rules.

What is a Bitcoin fork?

1. The Bitcoin fork is essentially a change in the blockchain protocol or its software implementation, resulting in the nodes in the network being out of sync with which blocks are valid.

2. This asynchronicity may be an intentional escalation or may be caused by technical issues or community disputes.

3. When a fork occurs, some nodes may start following the new rule set, while the other continues to use the old rule set, which may cause the blockchain to "partition" after a certain block height.

What's going on with Bitcoin fork? Will new currencies be generated? - php Chinese

The main types of forks

1. Change backward compatibility according to the rules. Forks are usually divided into soft forks and hard forks.

2. Soft fork is a backward compatible protocol upgrade. Nodes that follow the new rules reject blocks that do not comply with the new rules, but old nodes that have not upgraded still consider blocks that comply with the old rules (usually also comply with a subset of the new rules) to be valid. Soft forks usually do not cause permanent splits of blockchains, and the network will eventually tend to follow the chains that follow the new rules.

3. Hard fork is a non-backward-compatible protocol change. Nodes that follow the new rules create and verify blocks that the old node considers invalid. If enough computing power and community support the new rules, and the old chain continues to be maintained, the two different blockchains will develop in parallel, each with independent transaction history and tokens.

Will a fork produce a new currency?

1. This mainly depends on whether a hard fork has occurred. Soft forks usually don't generate new cryptocurrencies. It's more like an upgrade or rule tightening under the existing rules framework.

2. A hard fork may produce new currencies. When the hard fork causes both the original chain and the new rule chain to run continuously and are supported by miners, the native tokens on the new rule chain are regarded as a new currency that is hard fork from Bitcoin.

3. At the moment when the hard fork occurs (specific block height), all users who hold Bitcoin at that height will automatically have an equal amount of new coins on the newly generated hard fork chain. These new coins inherit all the transaction history of the original Bitcoin before the fork point.

What's going on with Bitcoin fork? Will new currencies be generated? - php Chinese

The impact and considerations of forks

1. Forking is a way to upgrade protocols and resolve disputes in a decentralized system, reflecting the vitality and differences of the community.

2. Successful soft forks can achieve functional upgrades without splitting the network.

3. Hard forks may lead to the division of the community, developers and user groups, bringing complexities such as user asset management, trading platform support, and network security (computing power dispersion).

4. The birth of a new currency will introduce new market dynamics and investment opportunities, and it will also be accompanied by uncertainty in its future development and widespread acceptance.

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