Due to the decentralizedDecentralization, an aspect of blockchain technology, facilitates power or authority distribution among individuals, groups, or institutions. A decentralized structure allows... Read More nature of a peer-to-peer cryptocurrency networkA cryptocurrency network is a decentralized network built on a blockchain to create units of and govern the transfer of... Read More, any updates or changes must be agreed by all participating nodes. Such code changes in the blockchainA blockchain is a distributed database that is shared among the nodes of a computer network. Read More occur via chainA chain is a linear sequence of data blocks. Each block contains a cryptographic hash of the previous block and... Read More forks, whereby when the network virtually splits in 2, each follows a different sets of rules. A soft forkA soft fork is a process of implementing new ledger rules without invalidating the old ones. A "fork" can occur... Read More event refers to when 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 occurs but old nodes can still participate in the network.
