Hard fork?

[team87]

According to your understanding, what is meant by HARD FORK? Then, is that a better goal? Please provide your explanation in detail. Thank you for your time and explanation.

[Bobcrypto]

According to your understanding, what is meant by HARD FORK? Then, is that a better goal? Please provide your explanation in detail. Thank you for your time and explanation.

Yes, a hard fork is when a single cryptocurrency splits in two. It occurs when a cryptocurrency’s existing code is changed, resulting in both an old and new version. With a hard fork, these two versions of the software are generally going to be incompatible. Meanwhile, a soft fork is essentially the same thing (a new version of the software), but the result is two compatible versions of the software and only one coin. So both fork types create two different versions of the software (and therefore the blockchain), but a hard fork creates two incompatible blockchains/coins, and a soft fork creates two compatible versions of the software and retains one coin.
For instance, Bitcoincash is a hard fork of Bitcoin. This hard fork created two different assets with value. After the fork occurred, Bitcoin Cash and Bitcoin became two totally different cryptocurrencies from the activation block forward. You can’t send Bitcoin Cash to the Bitcoin Blockchain or vice versa, the chains are not compatible. Thank you

[team87]

According to your understanding, what is meant by HARD FORK? Then, is that a better goal? Please provide your explanation in detail. Thank you for your time and explanation.

Yes, a hard fork is when a single cryptocurrency splits in two. It occurs when a cryptocurrency’s existing code is changed, resulting in both an old and new version. With a hard fork, these two versions of the software are generally going to be incompatible. Meanwhile, a soft fork is essentially the same thing (a new version of the software), but the result is two compatible versions of the software and only one coin. So both fork types create two different versions of the software (and therefore the blockchain), but a hard fork creates two incompatible blockchains/coins, and a soft fork creates two compatible versions of the software and retains one coin.
For instance, Bitcoincash is a hard fork of Bitcoin. This hard fork created two different assets with value. After the fork occurred, Bitcoin Cash and Bitcoin became two totally different cryptocurrencies from the activation block forward. You can’t send Bitcoin Cash to the Bitcoin Blockchain or vice versa, the chains are not compatible. Thank you

Thank you very much, for a very useful explanation from you. Well, thus I will understand more about differences and goals than Hard fork. We take the example with Hard fork Bitcoin. In general, of course it produces something different between Bitcoin and Bitcoin cash. Thank you, sir. Success for you always.

[Theroyals]

We can enjoy hardfork results if we have assets stored before snapshots occur. Because this is like airdrop which is obtained for free by having bitcoin or other coins that will hold a hardfork. So it is only profitable for those who hold assets at that time.

[team87]

We can enjoy hardfork results if we have assets stored before snapshots occur. Because this is like airdrop which is obtained for free by having bitcoin or other coins that will hold a hardfork. So it is only profitable for those who hold assets at that time.

I agree with you about being able to enjoy the results of hard work, if we have assets stored before snapshots occur. But I don't think this is like airdrop, which of course can be obtained free of charge through the tasks that are done. This seems different.