What is the process for initiating a fork in a cryptocurrency?

1 answers

• May 02, 2022 · 3 years ago
  At BYDFi, we understand the process for initiating a fork in a cryptocurrency. It starts with identifying the need for a fork, such as to address scalability issues or introduce new functionality. The developers then create a new branch of the codebase and make the necessary changes. After thorough testing and review, the updated codebase is released as a new version of the cryptocurrency. Miners and node operators are encouraged to upgrade their software to support the fork. Once a majority of the network has upgraded, the fork is considered initiated. It's important to note that initiating a fork requires careful planning and coordination to ensure a successful transition for the community and ecosystem.
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