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Hardfork |
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A hard fork is any change that breaks backward compatibility. Nodes running the old software will see any new transactions as invalid. This means that to mine new “valid” chains they will need to update. If a large enough percentage of the community decides that they want to continue using the old rules then the chain will split, resulting in two separate currencies.
Hard Forks Require Consensus
A hard fork requires majority support (or consensus) from coin holders with a connection to the coin network. For a hard fork to be adopted, a sufficient number of nodes need to update to the newest version of the protocol software. This allows them to use the new coin and blockchain. Any nodes that chose not to update will be unable to use the new blockchain. If enough users don’t update then you will be unable to get a clean upgrade which could lead to a break in the blockchain. |
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