Sheer force of moving water fractures and lifts bedrock/bank material. Most effective at high discharge, in joints/cracks, and at waterfall plunge pools. Cavitation (bubble collapse) amplifies impact.
Sediment load acts as cutting tools:
Particles collide with each other, breaking into smaller, rounder fragments. Doesn't erode bed directly but produces the tools for abrasion and increases transportability.
These processes operate simultaneously, shaping V-valleys, canyons, meanders, and floodplains over geologic time.