Blockchain technology is backbone for decentralized application. Its application are increasing day by day due to its transparency, security and the most feature that is Decentralization. Here you have explained about the hard fork and soft fork.

There is Disadvantage of hard fork is that hacker gets more chance of fraud after the weakness of the blockchain when hard fork occurs. While soft fork convince the blockchain to accept the alter rules. In the last section you explain about the hard fork of hive and Steemit. Thanks for your great explanation. I have also posted an article, I hope you will visit my article.

Thank you for sharing with us and wishing you a very good luck for the contest.