Tag: fork

The Evolutionary Force of Forks in Blockchain

Understanding Forks
Forks in blockchain technology have emerged as pivotal moments in the evolution of digital currencies. These forks represent significant changes to the underlying protocol, often leading to the creation of new cryptocurrencies or the improvement of existing ones.

Types of Forks
There are two primary types of forks: soft forks and hard forks. A soft fork is a backward-compatible change, meaning that nodes running the updated software can still interact with nodes running the older version. On the other hand, a hard fork is a non-backward-compatible change, resulting in a permanent