$BTC In addition to the already mentioned Litecoin and Bitcoin Cash, there are many other forks of Bitcoin. Here are some of them:
1. Bitcoin Gold (BTG) – created in October 2017 to improve mining decentralization. Unlike the original Bitcoin, which uses the SHA-256 algorithm, Bitcoin Gold uses Equihash, making it accessible to miners with graphics processing units (GPUs).
2. Bitcoin SV (BSV) – emerged in November 2018 after disagreements within the Bitcoin Cash community. Its supporters claim that BSV is closer to the original concept of Satoshi Nakamoto and advocate for increasing the block size to 128 MB.
3. Namecoin (NMC) – one of the first forks of Bitcoin, created in 2011. It is used to create a decentralized domain name system (.bit), which is not controlled by ICANN.
4. Peercoin (PPC) – launched in August 2012. Peercoin offers a hybrid Proof-of-Stake/Proof-of-Work system, as well as an unlimited number of coins.
5. Dogecoin (DOGE) – originally created as a joke, Dogecoin became popular due to its meme image and community. It uses the Scrypt algorithm and has an infinite supply of coins.
6. Zcash (ZEC) – based on the Zerocash protocol developed by a team of scientists led by Zooko Wilcox-O’Hearn. This fork is focused on transaction privacy, using Zero-Knowledge Proof technology.
7. Dash (DASH) – formerly known as Darkcoin, Dash was created in January 2014. The fork adds privacy features and instant transaction processing through a network of masternodes.
8. Vertcoin (VTC) – another fork aimed at improving decentralization. Vertcoin uses the Lyra2REv3 algorithm to prevent the use of ASIC miners.
9. Super Bitcoin (SBTC) – this fork appeared in December 2017 and added several new features, such as smart contracts and the Lightning Network.
10. BCHABC/BCHA – emerged as a result of a hard fork of Bitcoin Cash in November 2020. These are two different directions for the development of the Bitcoin Cash network, each with its own views on the future of the cryptocurrency.
These projects demonstrate a variety of approaches to improving or altering the original Bitcoin code. Some of them aim to enhance anonymity, while others focus on speeding up transactions or decentralizing the mining process.
