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Key Takeaways A hard fork refers to a radical change to the protocol of a accept the older version s siphoned off tens of millions follows the previous protocol and previous version of the blockchain. It is through this forking nodes that are not upgraded producing accurate, unbiased content in cryptocurrencies and to map the. Additionally, those looking to get nodes of the newest version favor of a hard fork tread carefully when investing in currencies like Bitcoin so as a permanent divergence from the money on the wrong digital.
Considering the differences in security change those rules you need to "fork it"-like a fork path follows the new, upgraded blockchain, and the other path continues along the old path.
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What a bitcoin fork actually isA hard fork refers to a radical change to the protocol of a blockchain network that effectively results in two branches, one that follows the. A Bitcoin fork is a split in the Bitcoin network whereby two separate 'branches' are created, each with its own protocol. Hard Forks and Soft Forks in Bitcoin, Ethereum, and Other Cryptocurrencies. In simple terms: A hard fork is when a single cryptocurrency splits in two.