Soft Fork
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Introduction to Soft Forks
In the ever-evolving world of cryptocurrency, understanding the concept of a soft fork is crucial. A soft fork represents a change to the protocol of a blockchain that is backward compatible. Unlike a hard fork, it doesn't necessitate all nodes to upgrade and can coexist with older versions. This makes a soft fork a more flexible and less disruptive way to update a blockchain.
What is a Soft Fork?
A soft fork is a change to the software protocol where only previously valid blocks/transactions are made invalid. Since old nodes recognize the new blocks as valid, a soft fork is backward-compatible. This type of fork requires a majority of the miners upgrading to enforce the new rules.