Today cryptocurrency has become a major topic of interest among people from all over the world. This rapidly growing financial digital technology is now offering opportunities for many budding crypto enthusiasts, who are keen to build their career in it. But for that, you need to brush up your crypto knowledge about all terminologies. One such is the difference between a soft fork and a hard fork. You must be familiar with Bitcoin forks, but today we are going to introduce you with some major Ethereum forks.
If you are being asked about the world’s most effective blockchain community, then it is likely possible that you will answer Bitcoin. But no, the right answer is Ethereum. The reason that makes Ethereum blockchain different to other blockchain networks, is it’s being programmable. This modified feature has been helpful for the developers in finding a solution for the problems related to privacy and digital verification for the security of data.
Whenever there is a disagreement from the blockchain community about the network changes regarding smooth functioning or at the specified time, then it becomes the need for the forks with underlying code rules to be planned by developers. Today, we are introducing you to major Ethereum forks in this blog. Have a look at them.
Ethereum Classic is known to be one of the major Ethereum forks. The base of this Ethereum hard fork was on the vexed DAO event. Ethereum Classic differs with Bitcoin in terms of functionality with the use of balances and accounts, in a way of state transitions.
Joining the list among major Ethereum forks is Ice Age. It is famously called as ‘Frontier Thawing’. Ice Age is known to be an unplanned Ethereum fork that offers speed updates and safety to the network.
Atlantis hard fork came into being in September 2019. It made software users touch up with the clients to remain connected with the present network. This included network performance, safety, and solidity for higher traffic volumes.
Homestand also ranks among the major Ethereum forks. It is popularly called as Phase 2 of the evolution of Ethereum development. It comprises 3 crucial updates including smart contracts deployment, elimination of centralization, and allowing users for ETH holding and transaction.
