Impact Details
3 impact insights hidden
Yirifi's stakeholder, regulatory-compliance, and risk-impact analysis for this term.
Upgrade Network Features
Forks can be used to introduce new functionalities or enhance security protocols within an existing blockchain.
Industries:
Finance
Technology
Platforms:
Ethereum
Bitcoin
Create New Cryptocurrencies
A hard fork can sometimes result in the creation of a new cryptocurrency that diverges from the original.
Industries:
Finance
Investment
Platforms:
Bitcoin
Litecoin
Ethereum
Implement Governance Changes
Forks may be utilized to change governance structures or voting mechanisms within a blockchain project.
Industries:
Governance
Blockchain
Platforms:
Tezos
Cosmos