Topic: Hard fork (Read 181 times)
I read these books and got a lot of knowledge.
Absolutely agree with the author, the book is worth the money and time
You can share what you read in the book here for the newbies to read your knowledge about forks. That would be a great help to newbies who's looking to learn new knowledge and share if they also learned something you don't know yet. Absolutely agree with the author, the book is worth the money and time
I read these books and got a lot of knowledge.
Absolutely agree with the author, the book is worth the money and time
Absolutely agree with the author, the book is worth the money and time
Hard fork is simply described as a typical change to protocol that authorizes previously invalid block to become valid.
For this to take place there has to be a software upgrade from the previous version by the users or nodes this would bring about a double route(fork) one which is the previous version which is invalid and the other which is the upgraded version that is valid
A hard fork will take place when codes are changed and when when there is a need to correct the lapses of previous version.
Examples are the DAO in ethereum and also bitcoin has had some hard fork in which new coin where created, bitcoin cash was the pioneering coin brought about as a result of bitcoin fork in August 2017 and also bitcoin gold and bitcoin diamond has been created in October 2017 and November 2017 respectively. of recent there has been discussion about creating new coin out of bitcoin cash.
When a fork occurs the same amount of the previous coin you are hold would be replaced with the new upgraded version but there are some process in getting the new ones
Fork has it ups and downs
Some advantages of fork is that there is an upgrade in previous coin that is to say some issues that where faced with previous version would be tackled in the new version also when every there is a fork there would be airdrop of the new version to replace the previous ones
Disadvantages of forks
One of the major setback of fork and cryptocurrency at large is SCAM the are chances that the fake version are created in disguise to rub you of your real and valid coin, also so illicit act of Devs can be bring about bad situations
You can read these book for more understanding about fork and cryptocurrency
Bitcoin hardfork by andrus istomin
The age of cryptocurrency by Paul Vigna and Micheal j casey
The bitcoin standard by Wiley
For this to take place there has to be a software upgrade from the previous version by the users or nodes this would bring about a double route(fork) one which is the previous version which is invalid and the other which is the upgraded version that is valid
A hard fork will take place when codes are changed and when when there is a need to correct the lapses of previous version.
Examples are the DAO in ethereum and also bitcoin has had some hard fork in which new coin where created, bitcoin cash was the pioneering coin brought about as a result of bitcoin fork in August 2017 and also bitcoin gold and bitcoin diamond has been created in October 2017 and November 2017 respectively. of recent there has been discussion about creating new coin out of bitcoin cash.
When a fork occurs the same amount of the previous coin you are hold would be replaced with the new upgraded version but there are some process in getting the new ones
Fork has it ups and downs
Some advantages of fork is that there is an upgrade in previous coin that is to say some issues that where faced with previous version would be tackled in the new version also when every there is a fork there would be airdrop of the new version to replace the previous ones
Disadvantages of forks
One of the major setback of fork and cryptocurrency at large is SCAM the are chances that the fake version are created in disguise to rub you of your real and valid coin, also so illicit act of Devs can be bring about bad situations
You can read these book for more understanding about fork and cryptocurrency
Bitcoin hardfork by andrus istomin
The age of cryptocurrency by Paul Vigna and Micheal j casey
The bitcoin standard by Wiley
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