The Bitcoin Cash community appears to be signaling support for the upcoming BCHN fork, with 82% of hash power supporting the implementation.
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.
Some new upgrades to keep in mind.7549
During yesterday’s Unitize blockchain conference, developer Bruno Škvorc illustrated how a Polkadot-based blockchain can be launched within one hour.7361
Qtum completed a testnet hard fork prior to launching its mainnet hard fork.7324
Beam updates details on its June 28 hard fork, laying out foundations for the firm’s future DeFi offering.3989
A former Steem witness received death threats from a Hive user, is DPoS to blame for the Steem/Hive drama?8166
Ethereum Classic performed its scheduled upgrade to bring Ethereum’s Istanbul features to the classic chain, making the two protocols fully compatible with each other.9844
While Binance will support the Steem hard fork to freeze $6M in user funds, CZ offered support to additional forks.7228
Steem has completed a soft fork which sanctions the account that went rogue and sent 23.6 million STEEM to Bittrex in protest of a recent hard fork.3183
Steem’s latest hard fork has been completed but almost $6 million of STEEM due for seizure was ‘rescued’ in a mysterious transaction to Bittrex exchange.5398
Steem will freeze another $5 million in funds associated with the accounts of Hive supporters.8922
Signs indicate that Venezuela’s state-backed cryptocurrency quietly underwent a hard fork earlier this month.5598
After successfully completing its first hard fork in August 2019, privacy coin Beam plans to execute its second hard fork in June 2020.8620
Gatehub and Bitstamp are facing lawsuits from a Canadian investor over $4.9 million in alleged losses resulting from misleading info.6071
With an undercurrent of crypto funding in indie film projects, is there enough potential to disrupt the entire industry?14186