Hard Fork
Beginner
Glossary
Nov 14, 2023
3 min read
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Detailed Summary
Introduction
The term "hard fork" often surfaces in discussions about blockchain and cryptocurrency, but what exactly does it entail? This article will delve into the concept of a hard fork, its implications, and its role in the dynamic world of digital currencies.
What is a Hard Fork?
A hard fork is a significant change to a blockchain's protocol that makes previously invalid blocks and transactions valid, or vice-versa. This requires all nodes or users to upgrade to the latest version of the protocol software. Let's break down this concept further.