What is a Cryptocurrency Fork? 🔧 Understanding Cryptocurrency Forks: A fork in cryptocurrency refers to a change in the protocol of the blockchain. This can result in a split, leading to two separate versions of the blockchain. There are two main types: 1️⃣ Hard Fork: A radical change in the protocol that is not backward-compatible. It creates a completely new blockchain. 2️⃣ Soft Fork: A less severe change that is backward-compatible, meaning it doesn’t result in a split. 🛠 Example: The split between Bitcoin and Bitcoin Cash was a result of a hard fork due to disagreements about scalability solutions.