HOME

TheInfoList



OR:

Bitcoin Bitcoin ( abbreviation: BTC; sign: ₿) is a decentralized digital currency that can be transferred on the peer-to-peer bitcoin network. Bitcoin transactions are verified by network nodes through cryptography and recorded in a public distr ...
forks are defined variantly as changes in the protocol of the
bitcoin network The bitcoin network is a peer-to-peer payment network that operates on a cryptographic protocol. Users send and receive bitcoins, the units of currency, by broadcasting digitally-signed messages to the network using bitcoin cryptocurrency ...
or as the situations that occur "when two or more blocks have the same block height". A fork influences the validity of the
rules Rule or ruling may refer to: Education * Royal University of Law and Economics (RULE), a university in Cambodia Human activity * The exercise of political or personal control by someone with authority or power * Business rule, a rule perta ...
. Forks are typically conducted in order to add new
features Feature may refer to: Computing * Feature (CAD), could be a hole, pocket, or notch * Feature (computer vision), could be an edge, corner or blob * Feature (software design) is an intentional distinguishing characteristic of a software item ...
to a blockchain, to reverse the effects of hacking or catastrophic bugs. Forks require consensus to be resolved or else a permanent split emerges.


Forks of the client software

The following are
forks In cutlery or kitchenware, a fork (from la, furca 'pitchfork') is a utensil, now usually made of metal, whose long handle terminates in a head that branches into several narrow and often slightly curved tines with which one can spear foods ei ...
of the
software client In computing, a client is a piece of computer hardware or software that accesses a service made available by a server as part of the client–server model of computer networks. The server is often (but not always) on another computer system, in ...
for the
bitcoin network The bitcoin network is a peer-to-peer payment network that operates on a cryptographic protocol. Users send and receive bitcoins, the units of currency, by broadcasting digitally-signed messages to the network using bitcoin cryptocurrency ...
: ; Bitcoin XT: A fork initiated by Mike Hearn. The current reference implementation for bitcoin contains a computational
bottleneck Bottleneck literally refers to the narrowed portion (neck) of a bottle A bottle is a narrow-necked container made of an impermeable material (such as glass, plastic or aluminium) in various shapes and sizes that stores and transports liquids ...
. The actual fork was preceded by Mike Hearn publishing a ''Bitcoin Improvement Proposal'' (BIP 64) on June 10, 2014, calling for the addition of "a small P2P protocol extension that performs
UTXO In cryptocurrencies, an unspent transaction output (UTXO) represents some amount of digital currency which has been authorized by one account to be spent by another. UTXOs use public key cryptography to identify and transfer ownership between holde ...
lookups given a set of outpoints." On December 27, 2014 Hearn released version 0.10 of the forked client XT, with the BIP 64 changes. It achieved significant attention within the bitcoin community in mid-2015 amid a contentious debate among core developers over increasing the block size cap. :On June 22, 2015,
Gavin Andresen Gavin Andresen (Formerly known as Gavin Bell) is an American software developer known for his involvement with bitcoin. He is based in Amherst, Massachusetts. Originally a developer of 3D graphics and virtual reality software, Andresen became inv ...
published BIP 101 calling for an increase in the maximum block size. The changes would activate a fork allowing eight MB blocks (doubling in size every two years) once 75% of a stretch of 1,000 mined blocks is achieved after the beginning of 2016. The new maximum transaction rate under XT would have been 24 transactions per second. :On August 6, 2015 Andresen's BIP101 proposal was merged into the XT
codebase In software development, a codebase (or code base) is a collection of source code used to build a particular software system, application, or software component. Typically, a codebase includes only human-written source code files; thus, a codeb ...
. Bip 101 was reverted and the 2-MB block size bump of
Bitcoin Classic Bitcoin forks are defined variantly as changes in the protocol of the bitcoin network or as the situations that occur "when two or more blocks have the same block height". A fork influences the validity of the rules. Forks are typically conduct ...
was applied instead. :The August 2015 release of XT received widespread media coverage. ''
The Guardian ''The Guardian'' is a British daily newspaper. It was founded in 1821 as ''The Manchester Guardian'', and changed its name in 1959. Along with its sister papers ''The Observer'' and ''The Guardian Weekly'', ''The Guardian'' is part of the Gu ...
'' wrote that "bitcoin is facing civil war". :''
Wired ''Wired'' (stylized as ''WIRED'') is a monthly American magazine, published in print and online editions, that focuses on how emerging technologies affect culture, the economy, and politics. Owned by Condé Nast, it is headquartered in San Fra ...
'' wrote that "Bitcoin XT exposes the extremely social—extremely democratic—underpinnings of the open source idea, an approach that makes open source so much more powerful than technology controlled by any one person or organization." Developer
Adam Back Adam Back (born July 1970) is a British cryptographer and cypherpunk. He is the CEO of Blockstream, which he co-founded in 2014. He invented Hashcash, which is used in the Bitcoin mining process. Life Back was born in London, England, in July ...
was critical of the 75% activation threshold being too low and that some of the changes were insecure. :On August 25, 2017, Bitcoin XT published ''Release G'', which was a
Bitcoin Cash Bitcoin Cash is a cryptocurrency that is a fork of Bitcoin. Bitcoin Cash is a spin-off or altcoin that was created in 2017. In November 2018, Bitcoin Cash split further into two cryptocurrencies: Bitcoin Cash and Bitcoin SV. History Since i ...
client by default. Subsequently, ''Release H'' was published, which supported the November 2017 Bitcoin Cash protocol upgrade, followed by ''Release I'', which supported the May 2018 Bitcoin Cash protocol upgrade. ; Bitcoin Classic: In its first 8 months, Bitcoin Classic promoted a single increase of the maximum block size from one megabyte to two megabytes. In November 2016 this changed and the project moved to a solution that moved the limit out of the software rules into the hands of the miners and nodes. ; Bitcoin Unlimited All three software clients attempt to increase transaction capacity of the network. None achieved a majority of the hash power.


Intended hard forks splitting the cryptocurrency

Hard forks splitting
bitcoin Bitcoin ( abbreviation: BTC; sign: ₿) is a decentralized digital currency that can be transferred on the peer-to-peer bitcoin network. Bitcoin transactions are verified by network nodes through cryptography and recorded in a public distr ...
(aka "split coins") are created via changes of the blockchain rules and sharing a transaction history with bitcoin up to a certain time and date. The first hard fork splitting bitcoin happened on 1 August 2017, resulting in the creation of
Bitcoin Cash Bitcoin Cash is a cryptocurrency that is a fork of Bitcoin. Bitcoin Cash is a spin-off or altcoin that was created in 2017. In November 2018, Bitcoin Cash split further into two cryptocurrencies: Bitcoin Cash and Bitcoin SV. History Since i ...
. The following is a list of notable hard forks splitting bitcoin by date and/or block: *
Bitcoin Cash Bitcoin Cash is a cryptocurrency that is a fork of Bitcoin. Bitcoin Cash is a spin-off or altcoin that was created in 2017. In November 2018, Bitcoin Cash split further into two cryptocurrencies: Bitcoin Cash and Bitcoin SV. History Since i ...
: Forked at block 478558, 1 August 2017, for each bitcoin (BTC), an owner got 1 Bitcoin Cash (BCH) **
Bitcoin SV Bitcoin Cash is a cryptocurrency that is a fork of Bitcoin. Bitcoin Cash is a spin-off or altcoin that was created in 2017. In November 2018, Bitcoin Cash split further into two cryptocurrencies: Bitcoin Cash and Bitcoin SV. History Since i ...
: Forked at block 556766, 15 November 2018, for each Bitcoin Cash (BCH), an owner got 1 Bitcoin SV (BSV). **
eCash Ecash was conceived by David Chaum as an anonymous cryptographic electronic money or electronic cash system in 1983. It was realized through his corporation Digicash and used as micropayment system at one US bank from 1995 to 1998. Design Chaum pub ...
: Forked at block 661648, 15 November 2020, for each Bitcoin Cash (BCH), an owner got 1,000,000 eCash (XEC). *
Bitcoin Gold Bitcoin Gold (BTG) is a cryptocurrency. It is a hard fork of Bitcoin, the open source cryptocurrency. It is an open source, decentralized digital currency without a central bank or intermediary that can be sent from user to user on the peer-to-pe ...
: Forked at block 491407, 24 October 2017, for each bitcoin (BTC), an owner got 1 Bitcoin Gold (BTG)


Intended soft forks splitting from a not-most-work block

* The fork fixing the value overflow incident was controversial because it was announced after the exploit was mined. It was assigne
CVE-2010-5139


Intended soft forks splitting from the most-work block


Segwit


Taproot

Taproot is an agreed soft fork in the transaction format. The fork adds support for
Schnorr signature In cryptography, a Schnorr signature is a digital signature produced by the Schnorr signature algorithm that was described by Claus Schnorr. It is a digital signature scheme known for its simplicity, among the first whose security is based on the ...
s, and improves functionality of
smart contract A smart contract is a computer program or a transaction protocol that is intended to automatically execute, control or document events and actions according to the terms of a contract or an agreement. The objectives of smart contracts are the re ...
s and the
Lightning Network The Lightning Network (LN) is a "layer 2" payment protocol layered on top of Bitcoin (and other blockchains and cryptocurrencies). It is intended to enable fast transactions among participating nodes and has been proposed as a solution to the ...
. The fork was installed in November 2021. The upgrade adds privacy features. Taproot includes Bitcoin Improvement Proposal numbers BIP340, BIP341, BIP342. Advantages: * Complex transactions, such as those requiring multiple signatures or those with delayed release, are indistinguishable from simple transactions in terms of on-chain data. * Reduced transaction costs: The data size of complex Bitcoin transactions is reduced, which leads to lower transaction fees. * Support for more complicated conditions for a transaction via Schnorr signatures. * Benefits for the
Lightning Network The Lightning Network (LN) is a "layer 2" payment protocol layered on top of Bitcoin (and other blockchains and cryptocurrencies). It is intended to enable fast transactions among participating nodes and has been proposed as a solution to the ...
: More flexibility, privacy enhancement, lower costs.


Unintended hard forks

Two hard forks were created by "protocol change" definition: * March 2013 Chain Fork (migration from BerkeleyDB to LevelDB caused a chain split)March 2013 Chain Fork
/ref> * CVE-2018-17144 (Bitcoin 0.15 allowed double spending certain inputs in the same block. Not exploited)


References


Source code


Other references

{{DEFAULTSORT:Bitcoin forks * Computing-related lists Clients (computing) Cryptocurrencies