Ghost Fork

Understand the Gini Coefficient in crypto terminology, a measure of income inequality within a distribution, highlighting wealth disparity in blockchain ecosystems.

A ghost fork occurs when a blockchain splits into two separate chains, but one chain lacks sufficient mining power or network support. This can happen when a project is abandoned or encounters issues, leaving the ‘ghost’ chain without active contributors or miners.In essence, a ghost fork results in a chain that still exists but is largely ignored by the community. Without miners validating transactions, the ghost chain struggles to maintain its integrity and security. This can lead to vulnerabilities, as there are fewer nodes to prevent attacks or ensure the accuracy of transactions.The consequences of a ghost fork can include abandoned assets or tokens that have little to no value, causing confusion for holders. It can also highlight the importance of community engagement and healthy mining activity in maintaining the viability of a blockchain project. Overall, ghost forks serve as a reminder of the need for active participation in maintaining blockchain networks.

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