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
Gas Limit
A term refers to the maximum amount of units of gas user's willingness to spend on a transaction on Ethereum blockchain.
Mining Rig
A dedicated hardware to mine
KYC (Know Your Customer)
KYC stands for "Know Your Customer", a process for business entities are required to verify its clients and assessing them.
Scrypt
one of the hashing algoritm used in proof-of-work protocol, scrypt requires more memory in order to performing mining functions
Hungry for more knowledge?
Back to Glossary or Subscribe to our newsletter.