Soft fork

Von CoinGecko | Aktualisiert am Mar 03, 2020
Due to the decentralized nature of peer-to-peer cryptocurrency netowork, any updates or changes must be agreed by all participating nodes. Such code changes in the blockchain occur via chain forks, whereby when the network virtually splits in 2, each following different sets of rules. A soft fork event refers to when a fork occurred but old nodes can still participate in the network.

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Verwandte Begriffe

Graphical Processing Unit (GPU)
They are chips dedicated to graphics processing or floating point operations, allowing to lighten the workload of the processors during applications usage such as video games.
Genesis block
It is the first block of data that is processed and validated to form a new blockchain, typically called as 'block 0' or 'block 1'.
Watchlist
A personally defined list of values to watch over for activity or changes.
Off-chain
It refers to transactions occuring outside the blockchain and executed instantly.
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