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Does the system run the risk of too many new and useless coins being created? Also, how can this affect the cryptocurrency market?
asked in Blockchain 81 points

1 Answer

1 vote
Firstly, forking occurs because of protocol disputes (think of break-away factions forming in the political arena), and the subsequent developers springboard off the popularity/reputation of the original cryptocurrency so as to get hype surrounding their new cryptocurrency.
In the long run, the fluctuations and challenges that come with forking and new cryptocoins being released will work themselves out as miners flock to whichever coin is most profitable, and those less profitable are left behind.
answered 105 points
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