Contest Alert || "Forks "
Assalam O Alaikum |
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Hello dear friends! Well come to my post. How are you all? I hope you will be doing well by the grace of Almighty Allah. I'm also fine and enjoying my day. Today I'm here to participate in this amazing contest which is organized by @khursheedanwar in this Steem4bloggers community. The topic of this contest is about "Forks" So let's start without any more delay of time.
What are forks and when they occurs? |
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Friends, in the realm of digital currencies and the blockchain technology, the forks is a very important topic to discuss. This is because it has a crucial role in the development and maintenance of blockchain network. If we talk about the forks, it is basically that interval of time or events when a blockchain network splits into two different parts and each of these parts holds the specific functions of network.
There are several reasons which cause forks in a blockchain network and these reasons are the addition of new features, software updates and changes in the protocols of network. During the updates, the developers add new versions of features to improve its working but during this if some nodes don't accept that update and keep working on previous version the forks occurs.
As we know, there is a team of developers behind every network who maintain the working of blockchain network and keep on adding new features in it with the passage of time but sometimes different people of developers come with different opinions and want to operate the network according to their own desires. During this the disagree on one another's statements which results in forks.
Distinguish between fork types |
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Yes the forks can be found in different types and each of them are different from each other. So let's have a look at some of the types of forks in blockchain networks;
1. Chain Forks:
- Chain Forks is also known as temporary forks because they occurs for a shorter interval of time due to development of new blocks at the same time. So when these new blocks are added, they cause chain splits which results in temporary forks.
2. Hard Fork:
- It is another type of forks in blockchain technology which occurs when new updates are added to the network and the existing nodes don't recognize that update and keep working on previous version. In results the blockchain splits into two parts the one follow the old version and one follow the new version.
3. Soft Forks:
- In the soft forks, the nodes of blockchain which still aren't updated accept the new blocks in the network as valid. In this type, the previously existing rules are considered as valid for some of the nodes and they keep on working on them and also accept the new one's with the passage of time.
So friends, that was my entry about that topic and I hope you will enjoy reading it. Now it is a time to say goodbye to everyone and I want to invite my friends @jannat12, @chathu13 and @simonnwigwe to take a part in this amazing contest
Hello dear 🙃.I hope you are fine now.
So Your article contains a lot of information. Even for those who do not have a clear understanding of Blockchain, your post is very valuable. I also learned many things that I did not know before by reading your article. You have presented a very interesting and meaningful article. So I wish you all the best for your future and thank you very much for inviting me dear 🙃
I'm glad to hear that my article was helpful for you. Thank you so much for giving your precious time to my post. Stay blessed 💗
God bless you too dear 🙃
Thank you so much dear sir ❤️