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Soft Fork

By CoinGecko | Updated on Aug 12, 2021
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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Related Terms

Distributed Ledger Technology (DLT)
Describes the technology that enables distributed ledger.
Interoperability
Interoperability refers to the property of product/systems that are able to work with products/systems that are different without any restrictions.
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PFP
It means both 'profile pic' and 'picture for proof'.
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