Let's talk about the Soft Forks and Hard Forks.

in blockchain •  4 years ago  (edited)

Cryptocurrency-Forks.png

Let's answer the most common questions:

How does accidental forks happen❓

Different miners find a block at the same block height at the same time.

How does a blockchain correct for accidental forks❓

Over time, all the nodes will pick the longest chain and discard the shorter fork.

En-hard-fork.png

How is a hard fork update defined❓

An update that makes previously invalid blocks valid

Softfork.png

How is a soft fork update defined❓

An update that makes previously valid blocks invalid

If an update reduce the block size limit from 1mB to 500kB, what type of update would that be❓

Soft fork update

If an update increase the block size limit from 1mB to 2mB, what type of update would that be❓

Hard fork update.

As Satoshi Nakamoto said:

Decentralized = better.
Satoshi.jpg

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