follow us on twitter . like us on facebook . follow us on instagram . subscribe to our youtube channel . announcements on telegram channel . ask urgent question ONLY . Subscribe to our reddit . Altcoins Talks Shop Shop


This is an Ad. Advertised sites are not endorsement by our Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise Here

Author Topic: What is a hard fork?  (Read 2942 times)

Offline Bobcrypto

  • Legendary
  • *
  • Activity: 3602
  • points:
    69697
  • Karma: 95
  • Trade Count: (0)
  • Referrals: 5
  • Last Active: February 23, 2024, 08:37:19 PM
    • View Profile

  • Total Badges: 21
    Badges: (View All)
    Fifth year Anniversary Fourth year Anniversary 10 Posts
What is a hard fork?
« on: June 09, 2018, 06:55:09 PM »
I have been wondering how to explain the word "hard fork" to a friend who is new in cryptos on a layman understanding. What is your ideas.
« Last Edit: June 09, 2018, 11:12:35 PM by Bobcrypto »

.FX..BOX.
 
▄████████████████████████████████████████▄
███                                    ███
███                          ▄██▄      ███
███                         ▄█████▄    ███
███   ▄▄                   ▄████████▄  ███
███  ▄███▄                █████▀██████▄███
███ ███████▄             █████▀  ▀████████
█████████████▄         ▄█████      ▀██████
███████▀▀██████▄      ▄█████         ▀████
██████    ▀██████▄   ██████            ▀██
█████       ▀██████▄██████             ▄
███▀          ▀██████████              ██▄
██▀             ▀▀█████▀               ███
█▀                 ▀██▀                ███
▀ ▄                  ▀                 ███
▄██                                    ███
▀████████████████████████████████████████▀
 
INVESTING, TRADING,
LOTTERY, MARKET
PREDICTIONS.
 
              ▄▄███
        ▄▄▄██▀████
  ▄▄▄█████▀ ▄█████
▀█████▀▀ ▄███████
       ▄█████████
       ██▀██████
       ▀    ▀▀█▀


██▀▀█▄       ▄█▀
 ▀█▄ ▀█▄   ▄█▀
   ▀█▄ ▀█▄█▀
     ▀█  █▄
    ▄█▀█▄ ▀█▄
  ▄█▀   ▀█▄ ▀█▄
▄█▀       ▀█▄▄██
 
GAMEFI  ◼  NFT  ◼  DEFI  ◼  CURRENCY TRADING
CURRENCY TRADING  ◼  DEFI  ◼  NFT  ◼  GAMEFI
               │
     │      ███
     │      ███
    │     ███
███  │     ███
███ ███ ███ ███
███ ███ ███ ███
███ ███ ███ ███
███ ███ ███ ███
███ ███     │
███ ███     │
    │
 
 
.FOREX..TRADING FROM $1.
 
.READ MORE.


Senior Member
Code: [Select]

FXBOX
█████████████████████
  
▄████████████████████████████████████████▄
███                                    ███
███                          ▄██▄      ███
███                         ▄█████▄    ███
███   ▄▄                   ▄████████▄  ███
███  ▄███▄                █████▀██████▄███
███ ███████▄             █████▀  ▀████████
█████████████▄         ▄█████      ▀██████
███████▀▀██████▄      ▄█████         ▀████
██████    ▀██████▄   ██████            ▀██
█████       ▀██████▄██████             ▄
███▀          ▀██████████              ██▄
██▀             ▀▀█████▀               ███
█▀                 ▀██▀                ███
▀ ▄                  ▀                 ███
▄██                                    ███
▀████████████████████████████████████████▀
  
INVESTING, TRADING,
LOTTERY, MARKET
PREDICTIONS.
  
              ▄▄███
        ▄▄▄██▀████
  ▄▄▄█████▀ ▄█████
▀█████▀▀ ▄███████
       ▄█████████
       ██▀██████
       ▀    ▀▀█▀


██▀▀█▄       ▄█▀
 ▀█▄ ▀█▄   ▄█▀
   ▀█▄ ▀█▄█▀
     ▀█  █▄
    ▄█▀█▄ ▀█▄
  ▄█▀   ▀█▄ ▀█▄
▄█▀       ▀█▄▄██
  
GAMEFI  ◼  NFT  ◼  DEFI  ◼  CURRENCY TRADING
CURRENCY TRADING  ◼  DEFI  ◼  NFT  ◼  GAMEFI
                │
     │      ███
     │      ███
    │     ███
███  │     ███
███ ███ ███ ███
███ ███ ███ ███
███ ███ ███ ███
███ ███ ███ ███
███ ███     │
███ ███     │
    │
 
 
FOREXTRADING FROM $1
████████████████████████████████████████
 
███




███

██████████████████████████████

READ MORE

██████████████████████████████

███
  █
  █
  █
  █
███

Altcoins Talks - Cryptocurrency Forum

What is a hard fork?
« on: June 09, 2018, 06:55:09 PM »

For Monthly biddings Check Here


Offline owmivmen

  • Legendary
  • *
  • *
  • *
  • Activity: 2173
  • points:
    23092
  • Karma: 130
  • Altcoinstalks Supporter
  • Trade Count: (0)
  • Referrals: 12
  • Last Active: March 01, 2024, 02:03:26 PM
    • View Profile

  • Total Badges: 23
    Badges: (View All)
    Fifth year Anniversary Fourth year Anniversary 10 Posts
Re: What is a hard fork?
« Reply #1 on: June 10, 2018, 05:40:24 AM »
The conditions under which a developer of a cryptocurrency agrees to develop or add features to the proram of an existing coin. eg btc coins make harforks or branches like bch, btg, bcd now in the harfork will produce new coins and new technology.
NO JOB NO PARTY
Follow me on X!

Offline trons

  • Sr. Member
  • *
  • Activity: 365
  • points:
    918
  • Karma: 9
  • Trade Count: (0)
  • Referrals: 0
  • Last Active: February 22, 2019, 11:37:38 AM
    • View Profile

  • Total Badges: 15
    Badges: (View All)
    10 Posts First Post Fifth year Anniversary
Re: What is a hard fork?
« Reply #2 on: June 13, 2018, 09:52:43 AM »
Hardfork, as opposed to softfork, is a "hard" change in the code, after which backward compatibility with old software is lost. In fact, in the course of the hardfork, a new cryptocurrency is created, different from the previous one, functioning according to a fundamentally new principle. If the softforks of the network with the updated software keep the ability to interact with nodes that have not been updated when hardforking, the new network is completely isolated from the old network under the harsh conditions.

Offline ambar33n

  • Full Member
  • *
  • Activity: 278
  • points:
    1502
  • Karma: 3
  • Trade Count: (0)
  • Referrals: 0
  • Last Active: July 15, 2018, 08:10:36 PM
    • View Profile

  • Total Badges: 11
    Badges: (View All)
    Topic Starter 100 Posts 50 Posts
Re: What is a hard fork?
« Reply #3 on: June 23, 2018, 01:40:12 PM »
Being an accountant student I can explain it in my language that it is a digital ledger in which transactions made in bitcoin or another cryptocurrency are recorded chronologically and publicly. A hard fork involves splitting the path of a blockchain by invalidating transactions confirmed by nodes that have not been upgraded to the new version of the protocol software. 
I hope this was helpful, tell me if i made a mistake. :)

Offline sharecel

  • Jr. Member
  • *
  • Activity: 78
  • points:
    442
  • Karma: 1
  • Trade Count: (0)
  • Referrals: 0
  • Last Active: July 14, 2019, 03:35:10 AM
    • View Profile

  • Total Badges: 12
    Badges: (View All)
    Topic Starter 50 Posts 10 Posts
Re: What is a hard fork?
« Reply #4 on: June 28, 2018, 12:37:26 PM »
The conditions under which a developer of a cryptocurrency agrees to develop or add features to the proram of an existing coin. eg btc coins make harforks or branches like bch, btg, bcd now in the harfork will produce new coins and new technology.

Offline altcoingamer

  • Hero Member
  • *
  • Activity: 1117
  • points:
    242
  • Karma: 24
  • Trade Count: (0)
  • Referrals: 11
  • Last Active: September 01, 2020, 06:02:18 AM
    • View Profile

  • Total Badges: 18
    Badges: (View All)
    10 Posts First Post Fifth year Anniversary
Re: What is a hard fork?
« Reply #5 on: July 03, 2018, 07:32:03 AM »
The conditions under which a developer of a cryptocurrency agrees to develop or add features to the proram of an existing coin. eg btc coins make harforks or branches like bch, btg, bcd now in the harfork will produce new coins and new technology.

Great answer.. rewarded Karma for such a concise and clear answer.  Keep up the good work!

Offline Natalie777

  • Full Member
  • *
  • Activity: 230
  • points:
    9231
  • Karma: 1
  • Trade Count: (0)
  • Referrals: 0
  • Last Active: April 05, 2022, 02:44:06 PM
    • View Profile

  • Total Badges: 11
    Badges: (View All)
    Karma One year Anniversary 100 Posts
Re: What is a hard fork?
« Reply #6 on: February 12, 2022, 12:28:03 AM »
In simple words, a hard fork is when a code of one project is used for the development of the other. This is a fundamental change in the operation of algorithms and the code itself. Most often, during a hard fork, new technologies have been introduced that lead to a fork of the blockchain and the creation of a new cryptocurrency.

Altcoins Talks - Cryptocurrency Forum

Re: What is a hard fork?
« Reply #6 on: February 12, 2022, 12:28:03 AM »


Offline Tokenista - Rev. Sasha Van Kush

  • Full Member
  • *
  • Activity: 231
  • points:
    9275
  • Karma: -2
  • Trade Count: (0)
  • Referrals: 0
  • Last Active: March 16, 2024, 06:00:43 AM
    • View Profile

  • Total Badges: 14
    Badges: (View All)
    Third year Anniversary Second year Anniversary Super active 50 Posts in one day
Re: What is a hard fork?
« Reply #7 on: March 20, 2022, 03:58:56 AM »
I will get in to a bunch of different things here so people can completely understand.

From the perspective of a company wanting to invest in this Technology or a Developer,

We can look currently to Steemit and HIVE and their kind of detrimental politics leaving them very, irrelevant right now. I have described this before so I will briefly just say that Anarchocapitalists took over Steemit, e.g. Dollar Vigilante, Stephen Molyneux. They removed the Bridge Toll in a Hard Fork, meaning the Witnesses Voted, wrote what could be called an Amendment to the Constitution, and opened up the Locked Value feature. Dan and Ned then sold Steemit to Tron. It has since become more Korean, and become more Diverse in Topics, instead of just about Dan and Ned's favorite people and subjects, but there was kind of a split between Steemit and what is now Hive, toppling the Value, which has never recovered, though Steemit has gotten their SBD to $6.00 and more.

High level Steemit

Steemit's Value is driven by Holders, what we are seeing now is a regrowth. There at one point we're easy $1,000 Votes on Steemit, you had to make a good post, but so many people were kind of excited about the new Technology that everyone was on all day Voting, then good Vote Bots were made for the Curators. This has largely been replaced by XPilar Technology and is coming back, but what is needed is a Flourishing Environment of Bots that have an Algorithm that measures,

Time since Posted higher rating for newer posts x number of Votes x weight of Votes

Basically just a Bot that Spots and Boosts Trends to the different existing pages on Steemit that you yourself can cycle through, the Bot should be built into that. There then should be Bots that Vote only for Comments.

What we know about STEEM is that the Price is Driven by Holders, so if there are 2x $6,000,000+ accounts, that's great, but it should only be an example. Others should be invited to do this, and simply buying in you can see how that effects the value, but then so does the HODL and what they can do with it as SP.


High level TRX STEEM

So if we then look at STEEM and TRX so as to see them as 2 Technologies Beneficial to each other, and for Tron to be like a better Steem-Engine. Hive has Hive-Engine Built as a Side Chain, but TRX is an entire ETH Clone that rewards you on Steemit.

So what we are doing is building Bots that Reward TRC20, that Drive Steemit, BLURT, HIVE, MINDS and Facebook, etc as MetaVerse emerges. We then will build Bots like those that can be found on Hive-Engine or Tribal DEX, Tokens that are Stakable and Mimick the Steemd Block Explorer to Reward people into the TRX Wallet they attach to their Steemit account. So if they log in TronLink they can see the Tokens in their Wallet, and if they wanted they could log into Steemit through there also. Our first Bot will reward a Telegram Group to Drive all of this, starting in the US, Nigeria and Colombia, but to spread all over Africa and Central/South America after this, with HeadQuarters in Dallas. We will also begin by building a Steem-Engine and Hive-Engine Bridge Tokens, where you can send your PUTI and VKBT from STEEM and HIVE Chain to, and back, and Peggys to Bridge those from HIVE to STEEM so you can trade between HIVE, STEEM and TRX Wallets.

From there we will build a Bot that Rewards a Group and another no Group, both from Voters Staking our TRC20 Token. So we will have the same kind of Rewards HIVE has, with 1 Token, and will start showing other Groups how to do this also. We will then be building a number of dApps on TRX to help Steemit users, which will expand on XPilar and NutBox type Technologies, and eventually an eBay or Etsy type shop


Low level Steemit

People should be Driving the value of TRX Tokens on Steemit to boost their earnings, if we look right now we can see that because there are so few High SP Holders, this hurts everyone. When you log in, and have to learn a bunch of stuff, and go to a specific area if you want lots of earnings, and impress someone or a group, it is just like Dan and Ned. I have seen a $30,000 Steemit post, and there is no reason that can't happen again. We should see Travel Bloggers, fueled by Steemit earnings. And people making Steemit their Job, with Business Cards, and a Facebook group, etc, etc.

So if you are a Developer, and you have no STEEM, what you are offering now is part of a new Market. People should be earning Tokens and using them to Buy STEEM, we already see Steemit users using BLURT and HIVE to earn more, sometimes to fuel a Steemit account, and there should be more ways to do this. From the Individual Token Developer perspective, if you Launch a Token, now you have a Trade Instrument to trade against not just TRX, but STEEM. So now if you create a Currency, and host it on Steemit, and it gains any useful value, you can Buy STEEM and start giving out $6.00 SBD Rewards, and STEEM, and TRX. So now when you create a Token, with the mindset of gearing it Towards Steemit, now you are creating a larger Rewards Pool, now you can add another layer to your Rewards System from an existing Platform, which can act like Medium, or your .io page, using Cryptocurrency Blogs to Host these Announcements and Updates brings the ability for everyone to communicate, advertise, grab links to share, and Buy back and forth.


Alibaba

If we look at the TRX STEEM Wallet integration, and we think of a TRC20 Token Market, we can start doing things like looking at International Vendors and inviting them to use Steemit, and make or use a Token.

Hard Fork info Continued...

I am a Statist. I believe in a State, in Particular I am a Federalist. But as I mentioned before not like a @FedSoc Federalist.

So if we look at Steemit, Dan and Ned, they first created BitShares and OpenLedger, Delegated Proof of Stake was used to keep open the trading Platform and BitShares User Issued Assets (UIAs) were actually a very early Token currency intended to be issued like Concert Tickets, or Coupons, or Collectibles. Then they Launched Steemit, and the Witnesses came from BitShares.

So then it started great, it was mainly just Crypto people teaching each other and new people, I remember when an Ad was bought with an image of a girl with glasses, in jeans, sitting cross legged on a laptop, with a Steemit Logo and that's what was bringing in new people. It was kinda becoming like a Travel Blog community, we were all much more open talking about money, people would even beg for Rent, etc. Then the Anarcho Capitalists came, Stephen Molyneux and Dollar Vigilante, etc. They bought in and that whole Parlour brand of Social Media came there, the Anarchist Blogosphere, the Anti-Statists.

They removed the Bridge Toll,
The 104 week Power down,
They made it 4 weeks and actually Left.

And all that while telling Justin he bought the Platform, those were BitShares people and Anarchocapitaltsts who made it 4 weeks, those were who was there. Justin did not come in trying to ruin lives, they were just not trying to reconcile, they wanted to show Justin that he didn't own the Platform.

Expanding DeFi is simply about this:

DeFi is about Annual Returns, Interest, and having money locked up earning while you can go use those earnings elsewhere, or locking up your Coin as collateral to take out Loans. Which is not much different than locking it up and Voting. Steemit is DeFi,
And I'm talking about using Steemit to expand DeFi, while expanding Steemit.

Like,
I don't like Mark Zuckerburg but I use Facebook, maybe you don't use Facebook but the point being you don't and shouldn't have to like the owner to use a Platform.

And if Mark Zuckerburg had been an Anarchocapitalist who made himself well seen on the Platform, like shitting on Taxes in all ways, and only voting up Dollar Vigilante, Facebook would be a small shitty place too.

More info here:
https://steemit.com/hive-142140/@punicwax/steemit-under-new-management

https://steemit.com/hive-172186/@punicwax/punic-wax-introduceyourself

So, at some point in the past Steemit had an issue where most people could not earn enough to mean anything. So they created a Protocol on the Blockchain by which Smart Contracta could be made, like ERC20 Type Tokens.
https://chainbulletin.com/steemit-releases-token-launching-protocol/



These Tokens are currently one of the best options for a company with little to no resources to create their own Cryptocurrency, and growing it by building a community on Steemit. ERC20 Tokens are more complicated because they are not as liquid upon creation, require some coding knowledge, require Ethereum Wallets which themselves are a barrier to entry for the non-tech savvy, and are not connected to a Social Media Crypto earning platform.

Ethereum dApps are for Ethereum Miners to use, others coming in are extra really, there are others but they are Buying gas power and learning Ethereum. Graphene SMTs are on Steemit, a much better GUI model.

If you have skill as a Programmer and want to Upgrade BLURT, these are the Steemit git Repos for Smart Media Tokens (SMT) which are now most well known from Steem-Engine/Hive-Engine Tokens made by Aggroed, DTube and APPICS (Scot Bots). If you were to implement any of this, you could then announce it on BLURT and both earn BLURT and Trade Tokens for BLURT. You could be the BLURT Aggroed:

https://github.com/thilobillerbeck/awesome-steem

https://github.com/harpagon210/steemsmartcontracts

https://github.com/harpagon210/ssc_tokens_history

https://github.com/holgern/steem-scot

https://github.com/ledgerconnect/steemconnect

https://github.com/selmi-karim/steemitgram

https://github.com/steemit/smt-whitepaper

https://github.com/mukai154/webblen-io
« Last Edit: March 20, 2022, 04:07:28 AM by Tokenista - Rev. Sasha Van Kush »

Offline Cynthia Felix

  • Baby Steps
  • *
  • Activity: 21
  • points:
    815
  • Karma: 0
  • Trade Count: (0)
  • Referrals: 0
  • Last Active: July 21, 2022, 02:15:14 PM
    • View Profile

  • Total Badges: 6
    Badges: (View All)
    One year Anniversary Avatar Search
Re: What is a hard fork?
« Reply #8 on: May 11, 2022, 04:13:28 PM »
Hard fork actually occurs when miners compete in generating the hash for encrypting a block chain and in the process two miners get the mathematical computation right which make a new branch of the block chain.

Offline Tayyab Tahir

  • Jr. Member
  • *
  • Activity: 89
  • points:
    3505
  • Karma: -2
  • Trade Count: (0)
  • Referrals: 0
  • Last Active: July 28, 2022, 04:45:50 PM
    • View Profile

  • Total Badges: 7
    Badges: (View All)
    One year Anniversary 50 Posts 10 Posts
Re: What is a hard fork?
« Reply #9 on: May 20, 2022, 08:43:10 AM »
It is always difficult to convince a person to join crypto, because one oftenly does not understand that how this intangible market is going to help him, but my boys sky is the limit.

Offline Tokenista - Rev. Sasha Van Kush

  • Full Member
  • *
  • Activity: 231
  • points:
    9275
  • Karma: -2
  • Trade Count: (0)
  • Referrals: 0
  • Last Active: March 16, 2024, 06:00:43 AM
    • View Profile

  • Total Badges: 14
    Badges: (View All)
    Third year Anniversary Second year Anniversary Super active 50 Posts in one day
Re: What is a hard fork?
« Reply #10 on: June 06, 2022, 08:47:03 PM »
Everyone should look at BLURT.blog, it is a Steemit Fork. But through new Organization and not Consensus.

 

ETH & ERC20 Tokens Donations: 0x2143F7146F0AadC0F9d85ea98F23273Da0e002Ab
BNB & BEP20 Tokens Donations: 0xcbDAB774B5659cB905d4db5487F9e2057b96147F
BTC Donations: bc1qjf99wr3dz9jn9fr43q28x0r50zeyxewcq8swng
BTC Tips for Moderators: 1Pz1S3d4Aiq7QE4m3MmuoUPEvKaAYbZRoG
Powered by SMFPacks Social Login Mod