[C.C. Topic] Hard Fork and Soft Fork

[C.C. Topic] Hard Fork and Soft Fork

Crypto Currency When you are in the market you've heard a lot about Hard Fork and Soft Fork.

You've probably heard that it usually works as a favor.

This is because the market price actually rises. So what will happen to Hard Fork and Soft Fork, and will the price of the coin rise?

Fork has the concept of upgrade and update. It is this Fork that is done to complement the existing shortcomings. Bugs, new features, and so on.

So how can we divide the concept of soft forks and hard forks?

Soft Fork is close to Vision Up. People who have done Vision Up of PC games will easily understand.
If you've got an existing problem or bug, but it's possible to do so, you do not need to update it.

However, the miners must upgrade to ensure that the blocks reflect this information. This is different from Vision Up, but I think the game makers can accept the same concept in that they have to patch to solve the problem.

Hard Fork is similar to online game updates. The publisher can update and the user must update to play the game.

Forking occurs in the block chain, so the mainstream survives and the subculture is scrapped. Consensus agreements with miners are needed because the miners make blocks.

When Hard Fork is done, the network is completely new and disconnected from the existing network.

Normally, after the hard fork, the existing network will be disposed of, so coin is usually 1: 1 exchanged with the coin corresponding to the new network.

A new coin may have been born through Hard Fork.

It's Ethereum Classic, Bitcoin Cash and Bitcoin Gold.

If there are two differences, the ETC will have the name Ethereum after the Hard Fork, and if the Ethereum network that was left is Classic, the new network created by Bitcoin will become Hardfork and the existing network with Bitcoin Gold and Bitcoin Cash will remain It remained as Bitcoin.