of the upgrade on November 15th. Subscribe to the Block Explorer newsletter. Hard fork, what is it? Not like the kind you would find on a table, on a blockchain, a fork is a technical event that occurs because diverse participants need to agree on common rules. A user-activated soft fork (uasf) is a controversial idea that explores how a blockchain might add an upgrade that is not directly supported by those who provide the networks hashing power. This is why soft forks need a majority of hash power in the network.
Now, we have two blockchains using a variant of the software ethereum and ethereum classic, both of which boast a different ethos and a different currency. It's probably the downside of a decentralized system though, there will always be factions not agreeing to a certain change in status quo. As part of the Bitcoin Cash system, the community schedules a bi-annual upgrade to keep the network up to date. When a soft fork is supported by only a minority of hash power in the network, it could become the shortest chain and get orphaned by the network. Further reading : What is a Smart Contract? His software company nChain proposed the alternate vision, called Bitcoin SV (or Satoshi Vision). A hard fork, which may happen around November 13, would happen when the so-called.
Although, it remains to be seen which fork they will ultimately follow. The upgrade will also introduce canonical transaction ordering, which alters the way transactions are listed in a block. Will bitcoin be able to do the same?
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