Hard Fork
By CoinGecko | Updated on Aug 12, 2021
Forced bifurcation of a blockchain, which is usually given when a fairly significant change is implemented in the software code of a network. It results in a permanent divergence of a blockchain into two blockhains. The original blockchain does not recognize the new version.
Related Terms
Bots
Refers to software or programmes that automatically trade based on preset behaviours.
Crowdsale
This type of auction has a fixed price per token that is sold on a first-come-first-serve basis.
Cold Storage
Offline storage of cryptocurrencies which is arguably safer as they also require physical access (eg. hardware wallet, paper wallets)
Sharding
A form of database partitioning which breaks up data into smaller segments.
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