Forks represent changes to the rules of a blockchain protocol and can be either minor (soft forks) or significant (hard forks), affecting continuity or creating branches in the blockchain.

Discussing the evolution of Bitcoin over its more than ten-year existence requires acknowledging both the network’s soft forks and the hard forks that have spawned competing coins from its code.

Thus, understanding soft forks and hard forks is crucial not only for grasping how digital currencies function but also for comprehending Bitcoin’s history and the impact these mechanisms can have on both the network and your Bitcoin holdings.

In this article, we will explain what soft forks and hard forks are, how they work, and what are their differences.

Excited? Let’s dive in!

Table of Contents

• What are forks?
• What is and how does a soft fork work?
• What is Hard Fork and how does it work?
• What is and how does a hard fork work?

...read more at areabitcoin.co