Forking bitcoin is one of the best methods of improving the technology of the blockchain and can be immensely profitable when done correctly.
Already, a number of bitcoin software forks exist in circulation today. In a similar manner as how the Linux operating system has undergone many forks of its original source code to produce newly improved, and specialized versions of the software.
Hard forking bitcoin involves introducing new technical parameters at a specific block within the network and running a full node to propagate blocks to this new transaction chain. Because a newly forked chain is navigating away from the main bitcoin blockchain, both the collective hashing power mining the newly forked chain and mining difficultly parameter will be magnitudes less.
These circumstances combine to create a development environment that is very friendly to experimentation and tweaking the existing technical components.
Tutorial: How To Fork Bitcoin
The How To Fork Bitcoin tutorial is a video and written instruction on how to initiate a hard fork of the bitcoin network and begin mining a new chain of transactions.
Recommended before beginning the course:
- Willingness to channel existing beliefs and assumptions.
- Knowledge of software engineering and C Level computer programming languages.
- Understanding of the bitcoin payment system and how network nodes contribute their hashing power (proof of work) to form a blockchain of transactions.
In this tutorial, we will be required to download a full copy of the exiting bitcoin blockchain. Therefore, it is necessary to allocate at least 300 gigabytes (GB) of hard drive space.
If you have any further questions about the course, please contact us.