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Mitosis refers to the division and replication of blockchain networks, protocols, or cryptocurrencies into new entities, often leading to innovations or variations within the crypto ecosystem. This phenomenon can occur due to disagreements among developers, governance issues, or the desire to implement new features without altering the original chain.
Key forms of crypto mitosis include: 1. Forks: Hard Forks: A permanent divergence in a blockchain, creating two separate chains (e.g., Bitcoin and Bitcoin Cash). Soft Forks: A backward-compatible change that doesn’t split the chain. 2. Token Splits: Distribution of new tokens to holders of an existing cryptocurrency, often as a result of hard forks or upgrades. 3. Network Cloning: Replicating an existing blockchain to launch a new network with modified features (e.g., Litecoin cloned from Bitcoin).
mitosis drives innovation, competition, and diversification in the blockchain space but can also lead to fragmentation, confusion, and disputes within communities.
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