What is Hard Fork?
Hard Fork is a term that we all contemplate on, want to learn. We have prepared this article for you with this in mind. If you wish, let’s start right away.
First of all, we would like to point out that there are two different types of fork.
It breaks past compatibility.
It is a harmonious change you made in the past.
In this article, we’ll talk about hard forks, but first we need to know what a fork is. Forking is the splitting of a blockchain into two potential chains to form two potential chains. After this single chain is split, they stop sharing the same past and acquire new rules.
As we said earlier, the rules of the blockchain change thanks to the Hard Fork. They validate previously invalid transactions or invalidate valid transactions and are permanent.
For this, users must upgrade to the most up-to-date version of their protocol software. This way, nodes in previous versions will not be accepted in the new version. So, thanks to fork, you will have created two different routes on the blockchain.
Unless upgraded to the current version, nodes cannot connect to the new chain and continue to work according to the rules of the old blockchain. In this way, even a new blockchain and cryptocurrency can emerge. For example, the Bitcoin Cash blockchain emerged as a result of disagreement between software developers or the community. As a result of this fork, a new cryptocurrency called Bitcoin Cash was produced. However, of course, there is no rule that every fork will create a new cryptocurrency.