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What is the term for the process of creating a new cryptocurrency that shares a portion of its blockchain history with an existing cryptocurrency?

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What is the term for the process of creating a new cryptocurrency that shares a portion of its blockchain history with an existing cryptocurrency?

Question: What is the term for the process of creating a new cryptocurrency that shares a portion of its blockchain history with an existing cryptocurrency?

Answer: Coin Fork.

Further reading

Which blockchain consensus algorithm aims to achieve agreement through a combination of resource ownership, stake, and random selection?

What is the purpose of a “token swap” in the context of blockchain projects?

Which blockchain platform uses the term “smart economy” to describe its vision of a digital, programmable economy?

About the author

Lim How Wei

Lim How Wei is the founder of followchain.org, with 8+ years of experience in Social Media Marketing and 4+ years of experience as an active investor in stocks and cryptocurrencies. He has researched, tested, and written thousands of articles ranging from social media platforms to messaging apps.

Lim has been quoted and referenced by major publications and media companies like WikiHow, Fast Company, HuffPost, Vice, New York Post, The Conversation, and many others. One of his articles about the gig economy was quoted by Joe Rogan who hosts The Joe Rogan Experience (arguably the most popular podcast in the world), in the This Past Weekend podcast by Theo Von.

In his free time, Lim plays multiple games like Genshin Impact, League of Legends, Counter-Strike, Hearthstone, RuneScape, and many others. He creates guides, walkthroughs, solutions, and more on games that he plays to help other players with their progression.