What are Bitcoin forks?Bitcoin forks are classified as changes in the protocol of the Bitcoin network. Forks occur when developers wish to add new features to the blockchain and result in a split of the coin. The result of this split is a new coin that aims to solve existing problems and add new features to the blockchain. For example, getting rid of software bugs or to upgrade the features of the particular coin.
Bitcoin forks present traders and hodlers with the unique opportunity to score some free coins. Usually, if one holds some Bitcoin at the time of a fork, you will be rewarded with a specific amount of the new fork coin. Mostly coins are rewarded on a 1-1 ratio.
Currently, various Bitcoin fork coins are listed on AltCoinTrader, South Africa’s most secure crypto trading platform. This includes, Bitcoin Cash (BCH), Bitcoin Satoshi Vision (BSV), Bitcoin Gold (BTG) and Bitcoin Private (BTCP).