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What is a Hard Fork?

Jul 17, 2017 Glossary 0

Hard Fork is a mandatory software update permanently diverging within the Blockchain. Non-upgraded nodes within the Blockchain cannot validate blocks of transactions without updating their software. The hard fork would cause a split in the chain and thus creating two separate coins that are not compatible with one another – this update is irreversible.

 

 

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Jacques Y

Jacques is a founding partner and CEO of CryptoCanucks.com with a background in marketing and finance. He has a well-rounded foundation of knowledge in Investing, trading, blockchain and researching both Forex and the Cryptocurrency markets.

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