Bitcoin fork, as a hot topic in the field of digital currency, has aroused widespread discussion and attention. With the continuous development of blockchain technology and the improvement of the Bitcoin ecosystem, the Bitcoin fork phenomenon has gradually shown its unique impact and significance. This article will explore the essence and impact of the Bitcoin fork phenomenon, analyze the story behind the Bitcoin fork, and present you with a comprehensive picture of the future of digital currency.

Bitcoin fork, in simple terms, refers to the branching phenomenon that occurs on the Bitcoin blockchain, causing the originally unified blockchain to split into two or more chains. This fork may be caused by technology upgrades, community differences or other factors. In the development history of Bitcoin, there have been many fork events, the most famous of which are Bitcoin Cash and Bitcoin Gold. The birth of these forked coins has not only added new elements to the Bitcoin ecosystem, but also caused market fluctuations and investor concerns.

Bitcoin fork is not smooth sailing, and the impact and challenges it brings cannot be ignored. On the one hand, Bitcoin fork has caused the originally unified community to split, and the disputes and competition between different camps have become more intense. On the other hand, Bitcoin forks also bring difficulties to investors. They need to make a choice among many forked coins and decide which digital asset to invest in. The complexity and uncertainty of this choice bring additional pressure and risks to investors.

However, Bitcoin forks are not all negative. They also bring some positive changes and development opportunities. Through forks, the Bitcoin community can better explore and practice the innovative application of blockchain technology, promoting the progress and development of the digital currency field. Bitcoin forks also prompt investors to pay more attention to the diversity and value potential of digital assets, stimulating the vitality and innovation of the market. Behind Bitcoin forks, there are infinite possibilities and infinite possibilities in the future.

With the frequent occurrence of Bitcoin forks, the digital currency market is also evolving and growing. Investors and community members need to look at Bitcoin forks more rationally and calmly, and grasp the opportunities and challenges therein. Only on the basis of understanding and respecting the fork phenomenon can we better grasp the pulse of the digital currency market and realize wealth appreciation and investment returns.

In the field of digital currency, Bitcoin forks are undoubtedly an important topic, which not only affects the development of Bitcoin itself, but also affects the pattern and trend of the entire digital asset market. Only by fully understanding and grasping the essence of the Bitcoin fork phenomenon can we better cope with future challenges and opportunities. Let us jointly explore the future of digital currency and witness the changes and miracles brought about by the Bitcoin fork. May the digital currency world be more prosperous and contribute more strength and wisdom to the progress and development of human society.

Nowadays, Bitcoin is developing better and better, and taking advantage of the popularity of Bitcoin during this period, many Bitcoin forks have appeared. Bitcoin has forked many times and there are many forked coins. There are many Bitcoin forks, such as Big Bitcoin, Super Bitcoin, Bitcoin Gold, etc. Many people don’t know how many forked coins there are in total. Today, let’s take stock of the Bitcoin forks.

BCH, the abbreviation of Bitcoin
Cash, is called Bitcoin Cash in Chinese. In addition, BCC is the early name of BCH, which is now deprecated. BCH forked on August 1, 2017, when Bitcoin height was 478559, creating a precedent for Bitcoin forks. As listed in this article, Bitcoin fork events have become increasingly sparse and common after BCH.

BCH is a BTC expansion solution that uses 8M large blocks and does not support SegWit, because the development team believes that SegWit has become irrelevant with such a large block size of 8M. BCH has learned from the lessons of the Ethereum fork and added two-way replay protection, so there was no chaos such as asset loss after the fork. Later, other forked coins also followed suit and generally added replay protection.

BCH's mining resistance algorithm and mining machines are the same as BTC. Some mining pools have also added a BTC/BCH automatic switching function, which can automatically switch miners to high-yield currencies. Initially, BCH adopted the emergency difficulty adjustment mechanism (EDA), but later it was found that EDA was not stable enough, and sometimes the mining difficulty was more than 3 times that of BTC. Therefore, BCH implemented a hard fork upgrade on November 13, and has now added the DAA difficulty adjustment mechanism.

From the current situation, BCH is the most successful of several forked currencies of Bitcoin. Its influence continues to expand. It has won the support of many exchanges and wallets, and even some bigwigs in the currency circle believe that BCH is the real Bitcoin. On November 12, 2017, the price of BCH soared wildly, reaching a historical high of US$2,500 at one point, and its market value once reached more than US$30 billion, briefly surpassing Ethereum to become the second largest digital currency. But then the price of BCH fell sharply, and it is currently in a state of ups and downs.

After that, Bitcoin forks began to become "out of control", and a series of forked coins also appeared. Not only that, the naming of these forked coins is almost irregular, just adding some random words you can imagine next to the three words Bitcoin - for example, Bitcoin Candy, Bitcoin Pizza, Bitcoin God, Bitcoin Faith, Bitcoin Diamond, Bitcoin Gold, Bitcoin Atom, etc.

However, most Bitcoin forked coins not only have low popularity and application rates, but also have terrible trading volumes. According to data from the well-known cryptocurrency data website CoinMarketCap, currently only four Bitcoin forked coins have a 24-hour trading volume of more than $100,000, namely Bitcoin Cash, Bitcoin Diamond, Bitcoin Gold and Bitcoin Private.

George Kimionis, CEO of Coinomi, told Bloomberg: "Unfortunately, the vast majority of Bitcoin-based hard fork projects we see today are for the sole purpose of making money. A few years from now, we may realize that the price increases of these cryptocurrencies have blinded investors and that they have not made serious contributions to the cryptocurrency ecosystem." If this trend continues, perhaps we will soon see even stranger Bitcoin forks such as "Bitcoin Butter", "Bitcoin Chicken Nuggets", and "Bitcoin Salad".

The four most famous international exchanges:

Binance INTL	OKX INTL	Gate.io INTL	Huobi INTL
China Line　APP DL	China Line　APP DL	China Line　APP DL	China Line　APP DL

Note: The above exchange logo is the official website registration link, and the text is the APP download link.