Manage episode 205053730 series 1080005
A wise man once compared Bitcoin to the Model T Ford. The ancestor of the modern day automobile, the Model T lacked any safety features, was difficult to navigate, got horrible mileage and offered far less comfort than its modern day counterpart.
And just as the subsequent automobile models aimed to improve upon the flaws of the Model T, so do the various forks improve upon those of Bitcoin. A Bitcoin fork doesn’t need to have a lot in common with the original protocol. In fact, some forks can deviate greatly from Bitcoin and some can be merge-forks with other cryptocurrencies.
There are over two dozen or so Bitcoin forks to date, with more to come this year. This is by no means a comprehensive list. Frankly, not every single Bitcoin fork is worth writing about. Some will be only briefly mentioned. And the ones that are based on extraordinary projects or mass market adoption will be described in length.
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