The term Fork was around even before the first cryptocurrency | CWD.Global Official

The term Fork was around even before the first cryptocurrency was launched. It refers to the use of software code from one project as the basis of another.

In the cryptocurrency world, the term Fork can have several meanings:

- The process of updating an algorithm

If the cryptocurrency has drastically changed characteristics after the code has been changed, the new coin replaces the outdated version.

- Branching process and new asset

If two cryptocurrencies with incompatible blockchains arise during the fork process, one becomes a full copy of the underlying token and the other receives new characteristics.

- The way new assets are created

If an asset is initially created based on the code of another cryptocurrency, the original blockchain does not change. In this case, the code is simply copied and edited, and then is used for the new cryptocurrency.

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