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{{#seo:
|title= What is Fork? Bitcoin Fork - Bitcoin Wiki
|description= Fork is a project which was started on the basis of another one’s source code. In case of cryptocurrencies the base is obviously the Bitcoin and every other coin is a Bitcoin fork. Bitcoin fork explained.
}}
<amp/>
[[File:Forks.jpg|400px|thumb|right|Hard fork bitcoin]]

'''Fork''' is a project which was started on the basis of another one’s source code. Every one of such [[projects]] can develop independently from the basic one and options that weren’t present in the main project can be realized in the fork. In [[case]] of [[cryptocurrencies]] the base is obviously the [[Bitcoin]] and every other coin is a '''Bitcoin fork'''.

Since the moment of Bitcoin’s appearance there were a lot of '''forks created''' but most of them didn’t introduce anything new either being an exact copy of Bitcoin or differing from it in emission limit and speed and/or [[hash]]-function algorithm only.

Principal difference between forks after the emission speed is the encryption algorithm.

== Hash algorithms ==

[[Hash]] principles can be explained with an example of a phone number: +1 (813) 651-3792. Let us add all the numbers up until there’s only one digit left:

1+8+1+3+6+5+1+3+7+9+2 =46 => 4+6=10 => 1+0=1

That way you can uniquely assign some number to any phone number. Summation process is called hashing, the method itself is the [[hash]] function and the resulting number is a hash sum or simply hash.

There are commonly following properties sought out in hashing:

* If you know [[hash]]-sum (in our case it’s 1) you still can’t find out the original phone number.
* You can’t adapt a phone number to fit a known [[hash]] sum (isn’t applicable in our example but necessary for Bitcoin).
* Insignificant [[change]] in phone number will lead to radical change in [[hash]] sum (same as previous one)

The [[first]] [[cryptocurrency]] - Bitcoin which was created in [[2008]], uses the [[SHA-256]] algorithm for hashing. In the beginning of 2014 4 principal hashing algorithms could be pointed out:

* [[SHA-2]]56
* [[Scrypt]]
* Scrypt-Adaptive-Nfactor (Scrypt-N)
* Keccak

Following sections will examine them in more detail:

=== SHA-256 ===

SHA-256 belongs to a SHA-2 family of algorithms (Secure Hash Algorithm Version 2) which also includes SHA-224, [[SHA-3]]84 and SHA-512. Unidirectional [[hash]]-function is designed to create messages “imprints” or “digests” of arbitrary length. “256” indicates the lengths of digest in [[bits]]. The algorithm was designed in August 2002.

The following is an example of SHA-256 hash sum:

SHA-256("The quick brown fox jumps over the lazy dog")
= D7A8FBB3 07D78094 69CA9ABC B0082E4F 8D5651E4 6D3CDB76 2D02D0BF 37C9E592

A slightest change in the original message almost always results in entirely different [[hash]]. For example if we change ‘dog’ to ‘cog’ we’ll get the following result:

SHA-256("The quick brown fox jumps over the lazy cog")
= E4C4D8F3 BF76B692 DE791A17 3E053211 50F7A345 B46484FE 427F6ACC 7ECC81BE

[[Bitcoin emission]] is realized through finding lines which have SHA-256 hash of predefined structure.

The most popular cryptocurrencies that use this hash algorithm can be found here: [http://www.dustcoin.com/ dustcoin.com].

=== Scrypt ===

“Scrypt” [[hash]]-function uses “SHA-256” as a subroutine relying on large amount of arithmetic calculations but also requiring fast access to large amounts of memory. This makes running several instances of Scrypt on a current generation GPU a somewhat difficult task. This also means that the cost of creating specialized designs for [[mining]] such as ASICs and FPGAs is significantly higher than with SHA-256.

Because more modern GPUs have higher amounts of memory, they are better-suited for [[mining]] of Scrypt [[cryptocurrencies]] although their advantage over CPUs is less significant than in the case of Bitcoin (10 times better performance against 20 of Bitcoin).

Main Scrypt cryptocurrencies are listed here: [http://www.dustcoin.com/ dustcoin.com Main Scrypt cryptocurrencies]б
=== Scrypt-Adaptive-Nfactor (Scrypt-N) ===

In the beginning of 2014 several companies issued statements about designing devices for Scrypt [[cryptocurrencies]] [[mining]]. This caused the appearance of [[cryptocurrencies]] with hashing algorithm changed in a way that makes building [[ASIC]] designs for them impossible.

The basis for this algorithm is mixing SHA-256 and Salsa20 algorithms’ functions with increased requirements for memory reserves. Its calculation complexity is 2 times higher than that of Scrypt and the speed of finding new [[blocks]] is consequently 2 times lower.

So far there are less cryptocurrencies based on this algorithm than those based on previous two. First such currency was “VertCoin”.

=== Keccak ===

“Keccak”, also “SHA-3” is a hashing algorithm with variable bits. On October 2nd [[2012]] Keccak has won cryptographic algorithms competition held by NIST. SHA-3 algorithm is built upon cryptographic “sponge” construction. It is considered a state-of-the-art in the [[world]] of [[hash]] functions. Keccak algorithm is approximately 2 times more difficult than SHA-256.

There are quite few cryptocurrencies operating under this algorithm. The main two are “CopperLark” and “MaxCoin”.

== Some popular forks ==

<gallery>
File:Nextcoin.jpg|[[Nxt|Nextcoin]]
File:Primecoin.jpg|[[Primecoin]]
File:8.png|[[Infinitecoin]]
File:Darkcoin.png|[[Darkcoin]]
File:Logo DGC.jpg|[[Digitalcoin]]
File:CLR.png|[[Copperlark]]
File:Coin.png|[[Auroracoin]]
File:Mega.png|[[Megacoin]]
File:MaxCoin.png|[[Maxcoin]]
File:Mint.png|[[Mintcoin]]

</gallery>

* <big>[https://litecoin.org/ Litecoin] (LTC)</big>. The second most popular [[cryptocurrency]]. A [[block]] is generated every 2.5 minutes, there are 84 million of [[coins]] to be mined in total, [[difficulty]] is changed every 2016 blocks (~3.5 days), initial reward of 50 LTC per [[block]] is halved every 840,000 blocks. Hashing algorithm is “Scrypt”. Miners trying to use ASICs won’t be able to reach the same level of efficiency as with Bitcoin because of high memory requirements.

* <big>[http://namecoin.info/ Namecoin] (NMC)</big>. It was designed to [[serve]] the cryptographically protected domain zone [[.bit]]. This “currency” is based on the Bitcoin concept.
The coins themselves are designed to be spent on domains registration in the .bit zone. Thanks to the cryptographic Bitcoin subsystem these domains are protected from changes by anyone other than their owners. Every participant of [[Namecoin]] system can set up a DNS-server on their PC.

* <big>[https://ripple.com/ Ripple] (XRP)</big>. [[Ripple]] is a financial [[transactions]] protocol, just as SMTP is an e-mail protocol. Unlike other [[cryptocurrencies]] all coins were available since the [[start]] of the system. There are 100 billions of them. Every [[transaction]] is commissioned with a fee of around 0.00001 XRP which is raised for users who start heavily loading servers up. Thus a potential attacker will quickly run out of money. Also for an account to be able to conduct transactions its balance has to have at least $0.5 equivalent in XRP. The commission isn’t collected by anybody, it just disappears. That means that XRP amount will go down with time. However the creators of XRP claim that current amount of coins will be enough for decades.

* <big>[[Peercoin]] (PPC)</big>. It is this currency which was first to introduce a hybrid PoW & PoS design. A transaction requires 520 confirmations but is momentarily displayed in the [[wallet]]. This coin is more resistant to 51% [[attacks]].

*<big>[http://novacoin.org Novacoin] (NVC)</big>. The goal of creating [[Novacoin]] was to mimic the PPCoin success without copying its faults such as the excessively high emission amounts. NVC uses Scrypt function as its hashing algorithm. Top emission speed is lowered 100 times and the speed of reward drop with [[difficulty]] increase is described by a smoother curve. As with parent project [[difficulty]] is adjusted with every new [[block]] found by the [[network]] and the maximum of a single [[difficulty]] adjustment is set at 1%. [[Target]] speed of [[block]] generation is 6 blocks per hour.

* <big>[http://dogecoin.com/ Dogecoin]</big>. This coin is a result of two huge things of 2013: the [[cryptocurrencies]] explosion and “doge” meme. The meme is a picture of Chinese Shiba Inu dog surrounded by its thoughts clouds written in Comic Sans. On November 27th Jackson Palmer, a marketing specialist employed by Adobe in Sydney who was tracking the [[development]] of world [[cryptocurrencies]] has tweeted without any foresight: “Investing in [[Dogecoin]], pretty sure it’s the next big thing.” A week later he bought the [[Dogecoin]].com domain. At the same time Billy Marcus who was working on his own [[cryptocurrency]] in Portland stumbled upon that site. “This is damn funny” was the first thought that came to his mind. And after that he told himself: “I should be the one who creates this coin”. Just over a week after Palmer’s joke [[Dogecoin]] was already launched. In a short time [[Dogecoin]] capitalisation reached 8 million dollars and it also took 7th place in the [http://www.Coinmarketcap.com Coinmarketcap] list.

== References ==
[http://coinmarketcap.com/ Bitcoin Fork News]

== See also ==
* [[Creating forks|What is Bitcoin Fork]]
* [[Bitcoin Economy|Bitcoin Fork]]
* [[Block chain|Altcoin Fork]]
* [[Mining: the technical part]]

[[ru:Форк]][[de:Fork]][[es:Fork]]

[[Category:Cryptocurrency]]
[[Category:Alternative cryptocurrency]]

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foo>Simon at 14:23, 26 January 2019