A Forkcoin is a method in which a new coin may come into existence when a blockchain makes a Hard fork. Forkcoin is not an actual cryptocurrency; it just a term to describe how new coins can be created and obtained due to a Hard fork.
For a Forkcoin to be created, the Hard fork must result in two legitimate continuing blockchains. The “new” chain may then allow original coin holders from before the split to claim an equal number of new the cryptocurrency. The original cryptocurrency will not be affected.
If the result of the fork is not two independent chains, then a Forkcoin will not be created.
Actually getting the forked coin into your wallet is not always an easy task – and sometimes not worth the effort of the new coin won’t have much value.
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