Fork (soft fork vs hard fork)
- 3 days ago
- 1 min read
A change, or split occuring to a block chains protocol. The block chain is historically connected to the original block chain. It is simply going in a new direction, like a fork in the road.
A fork can be either a hard fork or a soft fork.
Soft Fork
A non-taxable event.
A software that brings new features to the block chain, the upgrade is made at the programming level. No new tokens a issued.
Hard Fork
Occurs when there is a permanent split in a block chain. The split occurs when changes to the code are so drastic that new block chain requires new rules & is no longer compatible with the original block chain, such as anchange in code that it creates 2 paths
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