Chain Split
Chain splits happen when a cryptocurrency divides into two or more separate coins. This usually occurs when there are disagreements in the community about the rules of the original coin, leading to different versions being created and managed independently.
More terms under C
- Certificate of Deposit (CD)A certificate of deposit (CD) is a type of savings account where you deposit money for a fixed period and earn a higher interest rate than a regular savings…
- Chain AbstractionChain Abstraction is a way of designing blockchain systems that allows different blockchains to work together more easily, both at the technical level and for…
- Chain ReorganizationChain reorganization is when nodes in a blockchain replace old blocks with new ones to form a longer chain of data. This can happen when multiple versions of…
- ChangeChange is the amount of cryptocurrency returned to a user after they spend some of their coins in a transaction.
- Change AddressA change address is a special wallet address used to receive the leftover coins after a cryptocurrency transaction, keeping the sender’s main wallet secure and…
- Changpeng Zhao (CZ)Changpeng Zhao, often called CZ, is the creator of Binance, one of the largest cryptocurrency exchanges in the world.
Educational definition. Protocol rules and market conventions can differ; check an asset's official documentation.