A soft forkDue to the decentralized nature of a peer-to-peer cryptocurrency network, any updates or changes must be agreed by all participating... Read More is a process of implementing new ledger rules without invalidating the old ones. A “fork” can occur for several reasons, including an alteration to the protocolThe set of rules that define interactions on a network, usually involving consensus, transaction validation, and network participation on a... Read More or different software implemented. 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 network, all participating nodes must agree on any changes. When a code change occurs, it results in 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 where the network splits in two. Each “fork” then follows a different set of rules. In a soft fork event, nodes that follow the old protocol continue participating in the network.
