An explained introduction of BLOCKCHAIN [part-6]

in esteem •  7 years ago 

image

[Hard forksEdit]

This section is transcluded from Fork

(blockchain).(edit | history)

A hard fork is such a ruling difference that the software enforcing the last set of laws will pay a visit to the blocks adhering to the new regulations as invalid. To put off a blockchain split, every one nodes management the getting on software shall upgrade to new rules. Alternatively, completely nodes by the new software shall go back to the erstwhile regulations as was the indictment of bitcoin crack on 12 March 2013.

Ethereum has hard-forked to "make whole" the investors in The DAO, which had been hacked by exploiting a defenselessness in its code.[45] In this case, the fork resulted in a separate creating Ethereum and Ethereum Classicchains. In 2014 the Nxt community was asked to believe a strict fork that would give birth to led to a rollback of the blockchain account to diminish the property of a theft of 50 million NXT from a foremost cryptocurrency exchange. The inflexible fork request was rejected, and nearly of the income were improved after negotiations and set free payment.

Look back to my blog for previous posts...... Thank you

TO BE CONTINUED......

Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE STEEM!