HARD FORK - BLOCK - SOFTFORK - SATOSHI -

rssniper (49)in #cryptocurrency • 6 years ago


HARD FORK	there are 100 million satoshis in a single bitcoin. the smallest unit of bitcoin possible. ^{Source + Source}
BLOCK	a type of fork that requires all nodes and users to upgrade to the latest version of the protocol software and that renders previously invalid transactions valid, and vice versa. ^{Source + Source}
SOFTFORK	since old nodes will recognize the new blocks as valid, a softfork is backward-compatible. a softfork is a change to the bitcoin protocol wherein only previously valid blocks/transactions are made invalid. this kind of fork requires only a majority of the miners upgrading to enforce the new rules^{Source + Source}
SATOSHI	they carry permanently recorded data on the blockchain network. blocks are packages of data. ^{Source + Source}


HARD FORK	a type of fork that requires all nodes and users to upgrade to the latest version of the protocol software and that renders previously invalid transactions valid, and vice versa. ^{Source + Source}
BLOCK	they carry permanently recorded data on the blockchain network. blocks are packages of data. ^{Source + Source}
SOFTFORK	since old nodes will recognize the new blocks as valid, a softfork is backward-compatible. a softfork is a change to the bitcoin protocol wherein only previously valid blocks/transactions are made invalid. this kind of fork requires only a majority of the miners upgrading to enforce the new rules^{Source + Source}
SATOSHI	there are 100 million satoshis in a single bitcoin. the smallest unit of bitcoin possible. ^{Source + Source}

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