What is the difference between a hard fork and a soft fork
what is hard forking On July 11, 2018, David Chaum, head of the blockchain of the Bitcoin Foundation, announced: “What are we considering? This is a solution based on Ethereum Virtual Machine (EVM).”
Bitcoin Foundation is one of the largest Bitcoin development companies in the world. The project was founded in 2011, and its core team consists of a group of engineers and cryptologists from Satoshi Nakamoto Community. “It will provide a new, more powerful, decentralized version of our protocol,” he explained. “If they do not change the Codebase or update the protocol, they will not get any new functions.”
What is the difference between a hard fork and a soft fork
What is the difference between a hard fork and a soft fork? Let’s take a brief look below
1. Hard fork is an upgrade in the Bitcoin protocol, which converts an updated version of the original consensus algorithm into a new consensus rule 2. Hard forking means that the blockchain system synchronizes old blocks onto the original new chain without new code
3. Hard bifurcation is a way to modify existing transaction data, which can support the existing network more quickly (similar to Ethereum)
4. Hard branching means that the blockchain is transferred from a single network to another network, thus changing its Proof of work mechanism.
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