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Does blockchain support both sides of the fork

Does blockchain support both sides of the fork

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Our decision to not support a blockchain fork would never quite a bit of development how a cryptocurrency operates. Read 7 min Medium.

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What are Blockchain Forks? Hard Fork Vs Soft Fork - Cryptela
Cryptocurrencies like Bitcoin and Ethereum are powered by decentralized, open-source software called a blockchain. A fork happens whenever a community makes a. There are two main types of blockchain forks: A soft fork: a backward-compatible update to the protocol rules that does not create two separate chains. It. Or the fork could result in the permanent split of the blockchain, whereby, if the hashpower on both chains is sufficient, a new cryptocurrency.

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calendar_month 07.07.2022

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calendar_month 11.07.2022

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Hard forks and soft forks are essentially the same in the sense that when a cryptocurrency platform's existing code is changed, an old version remains on the network while the new version is created. In practical terms, this means that owners of Bitcoin were entitled to claim the same amount of BCH by signing a transaction to show ownership of private keys. Yet critics point to hard forks as means to circumvent baked-in tokenomics, creating a carbon-copy that removes supply restrictions.