Cryptocurrencies like Bitcoin can be “forked.” In simple terms, this either creates two versions of a coin or updates one version.

Sometimes new coins are created this way.

In other cases coins can be “airdropped” to people who hold existing coins for a myriad of reasons.

This section includes information on cryptocurrency forks and airdrops.

What is a Cryptocurrency Airdrop?

In cryptocurrency, the term “airdrop” is used to describe a type of distribution event for a cryptocurrency where tokens are distributed to existing wallets.

Waves’ Bitcoin Cash Airdrop Explained

The Waves platform is doing a Bitcoin Cash airdrop on February 22, 2018. To qualify for the airdrop, store Waves Community Tokens (WCT) on a waves wallet with the letters “B”, “C” and “H” in it.

Ethereum Classic “Airdrop” (Callisto) Explained

There is a Callisto (CLO) airdrop planned for Ethereum Classic (ETC) holders. A snapshot will occur at block 5500000. Those who held ETC during the snapshot will get CLO coins at a 1:1 ratio during the airdrop.