create account

WHAT THE HELL IS HARDFORK ? A LIGHT ON CONCEPT OF HARDFORK. by sighanchi

View this thread on: hive.blogpeakd.comecency.com
· @sighanchi · (edited)
$0.44
WHAT THE HELL IS HARDFORK ? A LIGHT ON CONCEPT OF HARDFORK.
HI STEEMIANS,

As of now, due to HARDFORK 19 [HF 19], many of my post have increased in value, but as I didn't know what HF19 is tried searching on net and will like to share this info with others.

![yes.jpg](https://steemitimages.com/DQmNjFCuHTKL6JKD6tTeYH7Q8xajdZjDXzXYqkgcKYXj5qX/yes.jpg)

DEFINITION of 'Hard Fork' :-

As it relates to blockchain technology, a hard fork (or sometimes hardfork) is a radical change to the protocol that makes previously invalid blocks/transactions valid (or vice-versa), and as such requires all nodes or users to upgrade to the latest version of the protocol software. Put differently, a hard fork is a permanent divergence from the previous version of the blockchain, and nodes running previous versions will no longer be accepted by the newest version. This essentially creates a fork in the blockchain, one path which follows the new, upgraded blockchain, and one path which continues along the old path. Generally, after a short period of time, those on the old chain will realize that their version of the blockchain is outdated or irrelevant and quickly upgrade to the latest version

BREAKING DOWN 'Hard Fork'
A hard fork can be implemented to correct important security risks found in older versions of the software, to add new functionality, or to reverse transactions (as in the case with the hard fork to reverse the hack on the DAO (decentralized autonomous organization) in the Ethereum blockchain).

![Capture.PNG](https://steemitimages.com/DQmQaztxuYm3CK6PK8p5feN4e9z4UBhD2AHcf9WzEFFCLAZ/Capture.PNG)

Hard Fork

A hard fork involves splitting the path of a blockchain by invalidating transactions confirmed by nodes that have not been upgraded to the new version of the protocol software. Following the hack on the DAO, the Ethereum community almost unanimously voted in favor of a hard fork in order to roll back transactions that siphoned off tens of millions of dollars worth of digital currency by an anonymous hacker. The hard fork also allowed DAO token holders to get their ether funds returned to them.

The proposal did not exactly unwind the network’s transaction history. Rather, it relocated the funds tied to The DAO to a newly created smart contract with the single purpose of letting the original owners withdraw them. DAO token holders will be able to withdraw ETH at a rate of approximately 1 ETH to 100 DAO. The extra balance and any ether that remains as a result of the re-entrancy exploit and the splitting mechanism will be withdrawn and distributed by the DAO curators, or individuals selected prior to the collapse of the DAO to provide "failsafe protection" for the organization.

DO UPVOTE, RESTEEM AND FOLLOW ME FOR MORE INTERESTING THINGS, AND DO CHECK MY OTHER POSTS.

DO COMMENT IF ANY PROBLEM

Note:- The above details are from investopedia.com
👍  , , , , , , , , , , , , , , , , , , , , , ,
properties (23)
authorsighanchi
permlinkwhat-the-hell-is-hardfork-a-light-on-concept-of-hardfork
categoryhardfork19
json_metadata{"tags":["hardfork19","bitcoin","cryptocurrency","steemit","money"],"image":["https://steemitimages.com/DQmNjFCuHTKL6JKD6tTeYH7Q8xajdZjDXzXYqkgcKYXj5qX/yes.jpg","https://steemitimages.com/DQmQaztxuYm3CK6PK8p5feN4e9z4UBhD2AHcf9WzEFFCLAZ/Capture.PNG"],"app":"steemit/0.1","format":"markdown"}
created2017-06-20 16:12:00
last_update2017-06-20 16:39:00
depth0
children11
last_payout2017-06-27 16:12:00
cashout_time1969-12-31 23:59:59
total_payout_value0.391 HBD
curator_payout_value0.045 HBD
pending_payout_value0.000 HBD
promoted0.000 HBD
body_length2,830
author_reputation187,469,305,099
root_title"WHAT THE HELL IS HARDFORK ? A LIGHT ON CONCEPT OF HARDFORK."
beneficiaries[]
max_accepted_payout1,000,000.000 HBD
percent_hbd0
post_id5,367,426
net_rshares25,914,569,878
author_curate_reward""
vote details (23)
@cheetah ·
Hi! I am a robot. I just upvoted you! I found similar content that readers might be interested in:
http://www.investopedia.com/terms/h/hard-fork.asp
properties (22)
authorcheetah
permlinkcheetah-re-sighanchiwhat-the-hell-is-hardfork-a-light-on-concept-of-hardfork
categoryhardfork19
json_metadata""
created2017-06-20 16:21:12
last_update2017-06-20 16:21:12
depth1
children0
last_payout2017-06-27 16:21:12
cashout_time1969-12-31 23:59:59
total_payout_value0.000 HBD
curator_payout_value0.000 HBD
pending_payout_value0.000 HBD
promoted0.000 HBD
body_length148
author_reputation942,693,160,055,713
root_title"WHAT THE HELL IS HARDFORK ? A LIGHT ON CONCEPT OF HARDFORK."
beneficiaries[]
max_accepted_payout1,000,000.000 HBD
percent_hbd10,000
post_id5,368,827
net_rshares0
@kenhudoy ·
Great info @sighanchi
Upvote...learnt a lote
properties (22)
authorkenhudoy
permlinkre-sighanchi-what-the-hell-is-hardfork-a-light-on-concept-of-hardfork-20170621t123257306z
categoryhardfork19
json_metadata{"tags":["hardfork19"],"users":["sighanchi"],"app":"steemit/0.1"}
created2017-06-21 12:33:00
last_update2017-06-21 12:33:00
depth1
children4
last_payout2017-06-28 12:33:00
cashout_time1969-12-31 23:59:59
total_payout_value0.000 HBD
curator_payout_value0.000 HBD
pending_payout_value0.000 HBD
promoted0.000 HBD
body_length44
author_reputation10,766,809,992,992
root_title"WHAT THE HELL IS HARDFORK ? A LIGHT ON CONCEPT OF HARDFORK."
beneficiaries[]
max_accepted_payout1,000,000.000 HBD
percent_hbd10,000
post_id5,491,464
net_rshares0
@sighanchi ·
Thanks, do follow me for more interesting posts.
properties (22)
authorsighanchi
permlinkre-kenhudoy-re-sighanchi-what-the-hell-is-hardfork-a-light-on-concept-of-hardfork-20170621t125216040z
categoryhardfork19
json_metadata{"tags":["hardfork19"],"app":"steemit/0.1"}
created2017-06-21 12:52:03
last_update2017-06-21 12:52:03
depth2
children3
last_payout2017-06-28 12:52:03
cashout_time1969-12-31 23:59:59
total_payout_value0.000 HBD
curator_payout_value0.000 HBD
pending_payout_value0.000 HBD
promoted0.000 HBD
body_length48
author_reputation187,469,305,099
root_title"WHAT THE HELL IS HARDFORK ? A LIGHT ON CONCEPT OF HARDFORK."
beneficiaries[]
max_accepted_payout1,000,000.000 HBD
percent_hbd10,000
post_id5,493,358
net_rshares0
@kenhudoy ·
ok... @sighanchi

i sent my intro post and another interesting post on "HOW INFIDELITY DESTROYED A LOVING FAMILY" visit @kenhudoy so you also comment and upvote me like i did for you
properties (22)
authorkenhudoy
permlinkre-sighanchi-re-kenhudoy-re-sighanchi-what-the-hell-is-hardfork-a-light-on-concept-of-hardfork-20170621t153220803z
categoryhardfork19
json_metadata{"tags":["hardfork19"],"users":["sighanchi","kenhudoy"],"app":"steemit/0.1"}
created2017-06-21 15:29:42
last_update2017-06-21 15:29:42
depth3
children2
last_payout2017-06-28 15:29:42
cashout_time1969-12-31 23:59:59
total_payout_value0.000 HBD
curator_payout_value0.000 HBD
pending_payout_value0.000 HBD
promoted0.000 HBD
body_length182
author_reputation10,766,809,992,992
root_title"WHAT THE HELL IS HARDFORK ? A LIGHT ON CONCEPT OF HARDFORK."
beneficiaries[]
max_accepted_payout1,000,000.000 HBD
percent_hbd10,000
post_id5,509,784
net_rshares0
@p5ych0path ·
This is a very informative post. I had no idea how this worked until reading. Thanks for sharing.
properties (22)
authorp5ych0path
permlinkre-sighanchi-what-the-hell-is-hardfork-a-light-on-concept-of-hardfork-20170621t051740231z
categoryhardfork19
json_metadata{"tags":["hardfork19"],"app":"steemit/0.1"}
created2017-06-21 05:17:51
last_update2017-06-21 05:17:51
depth1
children1
last_payout2017-06-28 05:17:51
cashout_time1969-12-31 23:59:59
total_payout_value0.000 HBD
curator_payout_value0.000 HBD
pending_payout_value0.000 HBD
promoted0.000 HBD
body_length97
author_reputation1,880,019,103,098
root_title"WHAT THE HELL IS HARDFORK ? A LIGHT ON CONCEPT OF HARDFORK."
beneficiaries[]
max_accepted_payout1,000,000.000 HBD
percent_hbd10,000
post_id5,457,109
net_rshares0
@sighanchi ·
$0.05
ur welcome
👍  
properties (23)
authorsighanchi
permlinkre-p5ych0path-re-sighanchi-what-the-hell-is-hardfork-a-light-on-concept-of-hardfork-20170621t052232028z
categoryhardfork19
json_metadata{"tags":["hardfork19"],"app":"steemit/0.1"}
created2017-06-21 05:21:39
last_update2017-06-21 05:21:39
depth2
children0
last_payout2017-06-28 05:21:39
cashout_time1969-12-31 23:59:59
total_payout_value0.038 HBD
curator_payout_value0.012 HBD
pending_payout_value0.000 HBD
promoted0.000 HBD
body_length10
author_reputation187,469,305,099
root_title"WHAT THE HELL IS HARDFORK ? A LIGHT ON CONCEPT OF HARDFORK."
beneficiaries[]
max_accepted_payout1,000,000.000 HBD
percent_hbd10,000
post_id5,457,406
net_rshares3,653,345,163
author_curate_reward""
vote details (1)
@positivesteem ·
This hard fork made a lot of people happy
properties (22)
authorpositivesteem
permlinkre-sighanchi-what-the-hell-is-hardfork-a-light-on-concept-of-hardfork-20170626t094043900z
categoryhardfork19
json_metadata{"tags":["hardfork19"],"app":"steemit/0.1"}
created2017-06-26 09:40:48
last_update2017-06-26 09:40:48
depth1
children1
last_payout2017-07-03 09:40:48
cashout_time1969-12-31 23:59:59
total_payout_value0.000 HBD
curator_payout_value0.000 HBD
pending_payout_value0.000 HBD
promoted0.000 HBD
body_length41
author_reputation85,819,942,349,665
root_title"WHAT THE HELL IS HARDFORK ? A LIGHT ON CONCEPT OF HARDFORK."
beneficiaries[]
max_accepted_payout1,000,000.000 HBD
percent_hbd10,000
post_id6,156,934
net_rshares0
@sighanchi ·
yes it made me happy too.
properties (22)
authorsighanchi
permlinkre-positivesteem-re-sighanchi-what-the-hell-is-hardfork-a-light-on-concept-of-hardfork-20170626t094459436z
categoryhardfork19
json_metadata{"tags":["hardfork19"],"app":"steemit/0.1"}
created2017-06-26 09:43:57
last_update2017-06-26 09:43:57
depth2
children0
last_payout2017-07-03 09:43:57
cashout_time1969-12-31 23:59:59
total_payout_value0.000 HBD
curator_payout_value0.000 HBD
pending_payout_value0.000 HBD
promoted0.000 HBD
body_length25
author_reputation187,469,305,099
root_title"WHAT THE HELL IS HARDFORK ? A LIGHT ON CONCEPT OF HARDFORK."
beneficiaries[]
max_accepted_payout1,000,000.000 HBD
percent_hbd10,000
post_id6,157,151
net_rshares0
@steemitboard ·
Congratulations @sighanchi! You have completed some achievement on Steemit and have been rewarded with new badge(s) :

[![](https://steemitimages.com/70x80/http://steemitboard.com/notifications/voted.png)](http://steemitboard.com/@sighanchi) Award for the number of upvotes received
[![](https://steemitimages.com/70x80/http://steemitboard.com/notifications/commented.png)](http://steemitboard.com/@sighanchi) Award for the number of comments received

Click on any badge to view your own Board of Honnor on SteemitBoard.
For more information about SteemitBoard, click [here](https://steemit.com/@steemitboard)

If you no longer want to receive notifications, reply to this comment with the word `STOP`

By upvoting this notification, you can help all Steemit users. Learn how [here](https://steemit.com/steemitboard/@steemitboard/http-i-cubeupload-com-7ciqeo-png)!
properties (22)
authorsteemitboard
permlinksteemitboard-notify-sighanchi-20170620t233818000z
categoryhardfork19
json_metadata{"image":["https://steemitboard.com/img/notifications.png"]}
created2017-06-20 21:38:36
last_update2017-06-20 21:38:36
depth1
children0
last_payout2017-06-27 21:38:36
cashout_time1969-12-31 23:59:59
total_payout_value0.000 HBD
curator_payout_value0.000 HBD
pending_payout_value0.000 HBD
promoted0.000 HBD
body_length865
author_reputation38,975,615,169,260
root_title"WHAT THE HELL IS HARDFORK ? A LIGHT ON CONCEPT OF HARDFORK."
beneficiaries[]
max_accepted_payout1,000,000.000 HBD
percent_hbd10,000
post_id5,412,397
net_rshares0