- A HF is a previously invalid block valid and a SF make a previously valid block invalid.
- No confusion and clear update.
- Split blockchain, less hash power, and split community.
What is the difference between a softfork and a hardfork?
A hard fork makes invalid blocks valid, and a soft fork makes previously valid blocks invalid and
What are some of the reasons why you would do a hardfork?
Consensus rules change/update
What are some of the risks with performing a hardfork?
Splitting the hash power which decreases security of each network
What is the difference between a softfork and a hardfork?
A softfork makes previously valid blocks invalid (contracts), a hardfork makes previously invalid blocks valid (expands)
What are some of the reasons why you would do a hardfork?
You want a new currency, clear and democratic update, can choose to stay on old block
What are some of the risks with performing a hardfork?
Split the chain, split the community, split the hash power, potential security risk
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- A hard fork update is an expansion of rule set which make previously invalid blocks valid. A soft fork update is a contraction of rule set which make previously valid blocks invalid.
- Some groups may want to maintain a hard fork if they really want some set of new rule. A hard fork allow them to create a new cryptocurrency.
- Split network into two smaller networks, each has less hash power than before when there was only one network. Less hash power lead to less security.
- What is the difference between a softfork and a hardfork?
- A softfork contracts (tightens) block consensus rules. A hardfork expands (eases) the rules.
- What are some of the reasons why you would do a hardfork?
- The update is voluntary, as you would now have a choice between two chains.
- If there are different needs which would be solved by different currencies, the community splits and each part develop their own currency.
- Each of the communities might now grow faster, as there are two different solutions for possible needs and for these needs they might be better than the old one.
- What are some of the risks with performing a hardfork?
- Split community - less developers, less nodes (at the beginning, at least).
- Split hashpower - less miners (at the beginning, at least).
- Both of these lead to reduced stability and integrity.
What is the difference between a softfork and a hardfork?
A soft fork is where the rules are tightened, meaning that some new blocks that would have been accepted before are now put on a separate chain temporarily.
A hard fork is where the rules are expanded, meaning that two forks are created, one following the new rules the other following the old.
What are some of the reasons why you would do a hardfork?
To create a new currency, ETH 2.0?
To increase the block size.
To change the consensus algorithm.
What are some of the risks with performing a hardfork?
The number of minors will be split, so each fork is less well validated than the original one.
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A hard fork is an expansion of the consensus rule set and a soft fork is a contraction of the rule set. This can also be described as a hard fork making previously invalid blocks valid and a soft fork making previously valid blocks invalid.
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You would do a hard fork if you wanted to increase the block size limit, say from 1mB to 2mB. This is an example of a change that add new functionality to the network rather than removing functionality.
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A hard fork splits the hash power of the network because you create a new currency (e.g. Bitcoin Cash) and so some miners will go to the new currency and some will stay on the current one, this reduces the security of the network.
- Hard Fork makes previously invalid blocks valid, expanding the previous rules. Soft Fork makes previously valid blocks invalid, contracting the rules.
- Change in consensus rules
- Could result in splitting the chain, community, and the hash power.
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A soft work is an update that makes a previously valid block invalid (contraction of the rule set). A hard fork is an update that makes a previously invalid block valid (expansion of the rules set).
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You would do a hard fork if your goal is to split the chain, for example when you want to create a new currency or when part of the community decides that they want to form a new community.
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Performing a hard fork splits the community and the hash power, which reduces the security.
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What is the difference between a softfork and a hardfork?
A Softfork makes previously valid blocks invalid and a hardfork makes invalid blocks valid. -
What are some of the reasons why you would do a hardfork?
A change in concensus. -
What are some of the risks with performing a hardfork?
The hash power splits into two chains, lowering security.
- Soft forks is an update that makes previously valid blocks invalid. Hard forks is an update that makes previously invalid blocks valid.
2 Clear update, democratic tipe update.
- Split the chain, split the community, hash power split.
- a soft for is an update that is excepted into the main blockchain with a majority vote
- to make a change that not every node has to accept
- it could potentially weaken the strength of the network
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A soft fork is when previous valid blocks become invalid. A hard fork is when previous invalid blocks become valid and subsequent blocks cannot be used in both protocols.
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Some reasons to establish a hardfork are to make a new currency, set up a democratically stronger chain, and a new ruleset with be implemented.
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The chain becomes split and there are now two currencies that are not compatible with each other because of their different ruleset. This leads to less hashpower being required for mining and creating some type of security risk.
Hard fork updates make previously invalid blocks valid. Soft fork update makes previous valid blocks invalid.
To do a fork / split for example new currency and expand.
Splitting the community and hash power reduces the security.
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- Hardforks make previously invalid blocks valid. Softforks make previously valid blocks invalid.
- To upgrade functionality, scalability, split (fork) the chain, implement rules that no miner agreement was found for.
- Community can be split, hashpower could increase by separating miners from the mainchain and thereby also reducing safety.
1 a soft fork is backwards compatible with earlier version while a hard fork is not making all transactions follow new rules a in order to be considered valid.
2.some reasons for creating a hard fork include security risks Or to create a fundamentally completely different currency.
3. double spending risks with hard fork and adoption challenges
- What is the difference between a softfork and a hardfork?
- What are some of the reasons why you would do a hardfork?
- What are some of the risks with performing a hardfork?
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A soft fork is a contraction of the rule set which is caused by an update that makes previously valid blocks invalid and a hard fork is an expansion of the rule set which is caused by an update that makes previously invalid blocks valid.
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A hard fork might be initiated for scalability reasons, such as if you wanted to make the block size bigger to allow more transactions per block, or if you wanted to increase the block reward for mining which would cause greater inflation and therefore greater currency supply.
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Some risks are that a hard fork will split the community and reduce the hashing power and therefore security of the network. Hard forking will potentially cause more doubt in the system by outsiders and therefore widespread adoption will take longer.
*** What is the difference between a softfork and a hardfork?**
A hard fork is a a change to the Bitcoin protocal that makes previously invalid transaction valid and can only be successful when 100% of the nodes on the network are running the new update. The end result is a new currency.
A soft fork is a change to the Bitcoin protocal that makes previously valid transactions invalid. It can be successfully implemented with >50% of nodes running the new update. This does not create a new currency as the change is backwards compatible.
*** What are some of the reasons why you would do a hardfork?**
A hard fork is used for big adjustments to the base protocal. The change is more defined and has a bigger impact on what the cyrpto currency is and what is does. And so require 100% concensus to agree as you are voting on major fundementals. All those who agree accept the change and those you disgaree do not accept the change. The longest chain wins, both chain split, and one new currency so born.
*** What are some of the risks with performing a hardfork?**
You risk dividing the community.
You will need 100% of nodes on the network to agree with the proposed changes. If you do not have 100% you could end up with a new curency that has very little hashing power. Miners are incentivised to work on mining the longest chain so they will not continue working on your currency if you do not have a majority.
- What is the difference between a softfork and a hardfork?
Hardfork is that previous non valid blocks become valid. Softfork is the opposite. - What are some of the reasons why you would do a hardfork?
Update on consensus. - What are some of the risks with performing a hardfork?
you split hash-owner in the network what makes it less secure.
- soft forks make previously invalid blocks valid while hard forks make previously valid blocks invalid.
- to change the consensus.
- The network may not agree with the changes