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What is a hard and soft fork in the blockchain network?

 

What is a hard and soft fork in the blockchain network?

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Soft Fork and Hard Fork both are changes in the software protocol of blockchain technology. However, they are quite different from each other. Soft Fork can be defined as the change that is made in the software protocol, where previously valid blocks are made invalid. Hard Fork is quite similar to this, but in software, everyone does not have to agree to the new protocols and updates. Only a majority of the miners have to upgrade to the new rules. This is not the case with a hard fork. This is one of the major differences between a soft fork and a hard fork.

The thing that makes the hard fork different from the soft fork is that when you add a soft fork, then only the sender and the receiver have to agree to the new block transactions. But in the hard fork, everyone has to agree. If you want to know more about what hard and soft forks mean in the blockchain network, then visit the Cryptoknowmics website. Know the difference between the two in detail. It is a platform where you will get to know everything related to the world of cryptocurrencies and blockchain technology.