Soft Fork News

A soft fork is some modification made in a cryptocurrency’s source code that doesn’t lead to the division of blockchain, as happens with a hard fork. After a soft fork, only the previous transactions and blocks become invalid. Nevertheless, if users don’t want they don’t need to upgrade all the system because old nodes will continue working. There are two kinds of soft forks, such as a miner-activated soft fork (MASF), which means that the new rules are accepted when the majority of miners’ upgrade, and a user-activated soft fork (UASF), when the appliance of new rules happens without the miners’ support. The recently-made protocol upgrade in Bitcoin is a great example of a soft fork. Also, one of the most popular examples is the Ethereum soft fork that was made to reset all transactions that had been made by a hacker in order to get the money back.
A Glassnode report reveals that some major cryptocurrency exchanges are still holding despite being heavy consumers of Bitcoin block space.
Bitcoin SegWit adoption lags among major exchanges: Glassnode
Joseph Hall
Market Analysis
Bitcoin’s price has hit resistance while trading 7.75% below its all-time high, but derivatives data shows pro traders are still aiming for $80,000 by January.
Bitcoin has stalled, but here’s why pro traders still expect $80K by January
Marcel Pechman
Breaking news
The Taproot soft fork introduces the concept of Merkelized Abstract Syntax Tree (MAST) to improve the scripting capabilities and privacy of the Bitcoin network.
BREAKING: The Bitcoin network welcomes Taproot soft fork upgrade
Arijit Sarkar
The Taproot upgrade was set for deployment after achieving a 90% consensus among the Bitcoin miners (mining nodes).
Bitcoin soft fork days away as Taproot upgrade closes in
Arijit Sarkar
Altcoin Watch
The bearish outlook appears also as Cardano’s daily RSI reflects overbought sentiments. However, the euphoria surrounding Cardano’s smart contracts launch and i...
Cardano chalks a bearish wedge as ADA price soars by over 100% in Q3
Yashu Gola
Altcoin Watch
The ADA/USD exchange rate has moved further into its “overbought” area, suggesting that a trend correction might follow suit.
Cardano price eyes $3, but ADA chart fractal hints at a potential 40% correction
Yashu Gola
Follow up
The Bitcoin Taproot upgrade will activate later in 2021 as developers urge to create applications that will leverage its advantages.
Bitcoin Taproot locked in to improve privacy and introduce smart contracts
Osato Avan-Nomayo
With Taproot achieving the 90% critical consensus mark among mining nodes, all is now set for Bitcoin soft fork activation later in November.
Bitcoin Taproot upgrade finally locked-in, activation set for November
Osato Avan-Nomayo

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