A hard forkHard forks represent a permanent divergence from the previous version of a blockchain. This divergence leads to a separation of... Read More is a permanent divergence from a blockchain’s latest version, leading to a separation of the blockchainA blockchain is a distributed database that is shared among the nodes of a computer network. Read More, as some nodes no longer meet consensusConsensus is what allows a distributed system (like the blockchain) to function as a decentralized peer-to-peer system without the need... Read More, and two different versions of the network are run separately.
This essentially means that a forkWhen a blockchain’s users make changes to its rules. These changes to the protocol of a blockchain often result in two... Read More is created on the blockchainA digital currency in which transactions are verified and records maintained by a decentralized system using cryptography, rather than by... where one path keeps following its current set of rules, while the second path follows a new set of rules. A hard fork is not backward compatible, so the old version no longer sees the new one as valid.
