The average block time on the Ethereum blockchain decreased by nearly 25% after mining difficulty was lowered.
Hard Fork News
The definition of a hard fork is not easy, so we’ll better start with an example from the latest hard fork news. A well-known example of a hard fork was the appearance of Bitcoin Cash as an alternative to Bitcoin Classic with improved transaction speed and smaller fees. This schism led to the presence of 2 completely different currencies. The key point of this occasion is those changes are permanent, and that is what differs hard fork from any other changes in the system.
So, a hard fork is a radical change in the Blockchain that makes all the previous blocks or transactions invalid (or vice-versa). Events like this make all users upgrade their software to the latest version, because previous versions become unusable in the newest one. This event creates a split or a fork: one path follows the new version and one path follows the old one.
- Peter Schiff Lost His Bitcoin, Claims Owning Crypto Was a ‘Bad Idea’
- ‘Weak Hands Are Out’ — Trader Who Called $20K Bitcoin Top Calls Bottom
- Crypto Fights for Freedom in India’s Supreme Court, Critics Cite Risk
- Bitcoin Price Drops Over $500 in 5 Minutes, Top Altcoins Also See Red
- Top-5 Cryptos This Week (Jan 19): BSV, DASH, ETC, MIOTA, BCH