Soft fork

De CoinGecko| Actualizat la 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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Termeni asociați

Miners
Contributors to a blockchain taking part in the process of mining.
Public Keys
The alphanumeric string which serves as a public receiving address in cryptocurrencies.
Difficulty
A relative measure on how difficult it is to correctly guess a new block
ASIC Resistant
A term used to describe cryptocurrency proof-of-work protocols that are resistant to Application-Specific Integrated Circuit (ASIC), by packing in various parameters that make it difficult for ASICs to have a competitive edge against consumer hardwares.
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