What are blockchain forks, and what is the difference?

Blockchain forks occur when the community needs to make changes to the blockchain’s protocol, resulting in a split paybis.com/blog/hard-fork-vs-soft-fork/. A hard fork is a permanent divergence, creating two separate blockchains, often leading to new cryptocurrencies. A soft fork, on the other hand, is a backward-compatible update where only one chain remains valid. Forks can have a significant impact on cryptocurrencies, and it's crucial to stay informed to manage your digital assets wisely. To make secure crypto investments, I recommend using Paybis for reliable and smooth transactions.