Are there any notable examples of successful crypto forks in the past?

3 answers

• Ahmad BroussardApr 04, 2023 · 2 years ago
  Sure! One notable example of a successful crypto fork is Bitcoin Cash (BCH). It forked from the original Bitcoin blockchain in 2017. Bitcoin Cash aimed to increase the block size limit to improve scalability and transaction speed. It gained significant adoption and market value, becoming one of the top cryptocurrencies. The success of Bitcoin Cash can be attributed to its strong community support and the perceived improvements it offered over Bitcoin's limitations.
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• Motyl GroupMar 07, 2022 · 3 years ago
  Absolutely! Another successful crypto fork is Ethereum Classic (ETC). It originated from a controversial hard fork of the Ethereum blockchain in 2016. Ethereum Classic maintained the original blockchain and resisted making changes to address the DAO hack incident. Despite the split, Ethereum Classic managed to establish its own community and has maintained a significant market presence. This example showcases how a successful fork can emerge even from contentious situations.
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• Ishan NilotpalSep 06, 2024 · a year ago
  Definitely! One more example of a successful crypto fork is Binance Coin (BNB). BNB was initially launched as an ERC-20 token on the Ethereum blockchain. However, Binance later conducted a mainnet swap and migrated BNB to its own blockchain. BNB's success can be attributed to its close association with the Binance exchange, which has a large user base and provides various benefits to BNB holders. BNB has gained popularity and utility within the Binance ecosystem, making it one of the most successful exchange-backed cryptocurrencies.
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