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Cryptoknowmics Crypto World At Your Finger Tips
Cryptoknowmics is an innovative decentralized
platform that serves almost every aspect of the
crypto space. It aims to be the top destination
and the largest media portal in the crypto world
and the all-in-one solution for information and
services for the industry.
www.cryptoknowmics.com
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What Do You Mean By Forking In Cryptocurrency?
In the crypto world, you must have come across a
word called forking. It indicates the breaking
of the blockchain on which Bitcoin operates.
Whenever there is a split, it gives spawn to a
new version of the old cryptocurrency. One
remains the original, whereas others come up with
a different vision.
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Soft Fork
Now, what is a soft fork? Well, it is another
wing of forking other than a hard fork. Soft work
is defined as the software protocol, where old
transactions and blocks become no more valid. A
soft fork is backwards-compatible since new
blocks are considered as valid by old nodes.
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Conclusion
Hard fork and soft fork are the two main wings of
forking in cryptocurrency. Bitcoin Cash is the
example of the fork that originated from old
Bitcoin after the split in blockchain technology.
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