Hey,
As a newby i want to know more about bitcoin and blockchain technology. Can you guys help me understand Soft and Hard fork of cryptocurrency.
Thank you
As a newby i want to know more about bitcoin and blockchain technology. Can you guys help me understand Soft and Hard fork of cryptocurrency.
Thank you
There are actually many sources where you can easily find an answer to your question
Aside from the obvious - Google - just search this forum (top right. Just enter "softfork hardfork"). You'll easily see that there are many threads regarding this topic, e.g.
[...]
Splits happen in the following situations:
- In a contentious hardfork.
- In a user-activated softfork (UASF) which lacks both majority mining power at the time of activation and near-unanimous support from the economy. If it has one or the other, then a split does not result.
- In a BIP9-style miner-triggered softfork where a very large number of miners are lying about their enforcement of the softfork. (Unlikely.)
[...]
Or even direct links like these:
- https://en.bitcoin.it/wiki/Hardfork
- https://en.bitcoin.it/wiki/Softfork
As you see, the forum search is your friend
