@blazewave1
Blockchain forks occur when there’s a divergence in the network’s protocol, resulting in a split into two separate blockchains. Hard forks lead to a permanent split, creating two distinct cryptocurrencies, while soft forks are backward-compatible changes. Forks can impact a project’s development by creating divisions within the community, leading to disagreements over the direction of the project. While some forks, like Bitcoin Cash from Bitcoin, result in new opportunities, others may cause confusion and loss of value for the original token holders.
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