HardForks Explained By The Crypto Koala

in #crypto6 years ago (edited)

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3 Types of Hardfork -

(1 of 3) A contentious hardfork - Is due to a disagreement in the community with fraction of them splinting off creating a new chain

Best examples are Ethereum Classic and Bitcoin Cash


(2 of 3) A planned hardfork - Is protocol upgrade agreed upon by all members of the community

Best examples are the Ethereum upgrades in 2017 Byzantium which was to improve scalability and very soon Constantinople with EIPs


(3 of 3) Spin off coins - Bitcoin is open source protocol anyone can view the code, duplicate it and change the base code creating their own modified version

Best example is Litecoin which is spinoff of BTC and similar in technical sense


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