Forks

Hello Everyone,

I hope you guys are doing well. My name is Zubair Ahmad and I am from Pakistan. I hope you enjoy my post and support me.

I would like to thanks to @khursheedanwar for organization this contest.

I likely to invite
@fantvwiki
@robin42
@memamun
to participate in this beautiful contest

Forks.

Source

In the blockchain system, a fork refers to a separation in the blockchain's orbit, on which resulting in two or more separate chains in the block chain. This separation occurs when a group of nodes or miners determine to create a new version of the blockchain, which is differing from the existing one, often due to this disagreements on the project direction, desire to execute a new features, or responses to security Exposure. A hard fork results in a permanent split, creating a new chain unsuited with the original, requiring all nodes and miners to upgrade to the new protocol, and often leading to the creation of a new cryptocurrency or token.

Forks occured.

In blockchain a fork occurs when a group of nodes or miners determined to create a new version of the blockchain which is different from the present one. This can happen for some reasons which are.

1. Difference on the direction of the project
2. logging to excite new features or upgrades
3. Responses to security weakness
4. Attempts to reverse transactions or change and modify the blockchain's history.

The main type of fork block chain are.

Soft fork
Hard fork

Here are the difference between soft fork and hard fork.

Soft fork.

A soft fork is a delicate upgrade which introduces new rules to the blockchain, but in this chain its still allows older versions of the software to work with the new rules. That means that the all nodes on the network can continue to function together smoothly, even if some of them have not been upgraded yet.

Hard Fork.

A hard fork is a more extreme change which creates a permanent divide in the blockchain. When a hard fork occurs, then the new rules are not reverse compatible, meaning that the older versions of the software can not work with the new rules, which requires all nodes on the network to upgrade to the new version in order to remain on the network. For the hard fork its important to upgrade the older version.

Best Regard,

@xubair