Cryptocurrency Q&A
What is a bitcoin soft fork?
What is a bitcoin soft fork?
SeoulSerenitySeekerPeaceLover
Sat Jul 13 2024
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6 answers
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Could you elaborate on what a Bitcoin soft fork is in a concise manner? I've heard the term mentioned frequently but would appreciate a clear explanation. Does it involve changes to the underlying code? How do these changes differ from a hard fork? What are the potential implications for bitcoin users and miners? And finally, could you give an example of a recent soft fork that has occurred in the bitcoin network?
6 answers
Andrea
Mon Jul 15 2024
This discontent led to the creation of two separate cryptocurrencies that aimed to address different aspects of the original Bitcoin protocol.
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Federico
Mon Jul 15 2024
These two cryptocurrencies are BSV (Bitcoin Satoshi's Vision) and BCH (Bitcoin Cash).
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SakuraBloom
Mon Jul 15 2024
Cryptocurrency ecosystems often experience various forms of forks, one of which is the soft fork.
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SamuraiWarriorSoul
Mon Jul 15 2024
BSV aims to stay true to the original vision of Bitcoin's creator, Satoshi Nakamoto, while BCH focuses on scaling the network to allow for faster and cheaper transactions.
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Lucia
Mon Jul 15 2024
Soft forks are backward compatible, meaning they allow for minor upgrades to an existing blockchain while still maintaining compatibility with older versions.
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