Forking Mechanism refers to a process where a blockchain diverges into two separate paths, creating a new version of the original in the process. This typically occurs when there is a disagreement among developers or the community about changes to the protocol. There are two main types of forks: soft forks and hard forks. A soft fork is a backward-compatible update, meaning older versions of the software can still operate with the new changes. In contrast, a hard fork introduces changes that are not compatible with previous versions, resulting in a permanent split.When a fork happens, it can lead to the creation of a new cryptocurrency. For instance, Bitcoin Cash emerged from a hard fork of Bitcoin, driven by differing views on transaction speed and scalability. Forking can also serve as a means to implement upgrades, fix security issues, or add new features. However, it can create uncertainty and division within the community, especially if the motivations behind the fork are not universally accepted.
First Floki ETP Launches in Europe, Listed on Spotlight Stock Market
A new exchange-traded product (ETP) tied to the cryptocurrency Floki has gone live in Europe, marking the first time a