| json_metadata | "{"app":"musing/1.1","appTags":["crypto"],"appCategory":"crypto","appTitle":"What does Hard Fork in Cryptocurrency mean, and what is its essence?","appBody":"<p>There is some debate in the cryptocurrency world about what actually constitutes a hard fork but basically it is a change the requires all users to upgrade to the latest protocol software. The most famous example of a hard fork would be bitcoin cash where a group of developers wanted to change bitcoin block size and then prepared new code to put this into practice. Another notable example is ethereums hard fork with ethereum classic where a group in the ethereum community refused to accepts changes to the code on the grounds of principle, that the very concept of block chain was at risk if they allowed t code to be changed and continued to use the old, unformed version. A hard fork does not always create a new token and can sometimes just require changes in software to continue to mine new blocks which would previously have been invalid. I hope this helps, as I said there is some debate between the line between hard and soft forks but this, in essence, describes it.</p>","appDepth":2,"appParentPermlink":"p3kp3dz2w","appParentAuthor":"kwadjobonsu","musingAppId":"aU2p3C3a8N","musingAppVersion":"1.1","musingPostType":"answer"}" |
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