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.
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
2021-06-26T13:47:00+01:00
9981
News
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
2021-06-12T13:51:50+01:00
25781
News
The largest Bitcoin mining pools are signaling for Taproot, but the activation may not reach the 90% critical consensus mark during this current difficulty epoc...
Almost all major Bitcoin mining pools now signaling for Taproot activation
Osato Avan-Nomayo
2021-05-17T11:05:27+01:00
41379
News
Major Bitcoin miners have begun signaling for Taproot activation that will improve scalability and privacy for the largest cryptocurrency by market capitalizati...
Almost half of Bitcoin hash rate signaling for Taproot activation
Osato Avan-Nomayo
2021-05-04T14:18:55+01:00
28072
News
Developers don't want to move too fast.
Bitcoin’s Taproot is ready to go, but it's unlikely to be included in the next release
Andrey Shevchenko
2020-10-16T18:19:49+01:00
10822
News
The Taproot conversation is continuing with the Bitcoin community having to decide how to begin the months-long activation process.
Six Months Later, Bitcoin Community Finally Debates How to Activate Taproot
Andrey Shevchenko
2020-07-15T19:30:00+01:00
4307
News
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.
Steem Soft Forks to Sanction Mysterious 'Community321' Account
Samuel Haig
2020-05-22T18:47:00+01:00
3344
News
Steem has again taken aim at the blockchain's former validators, executing a soft fork to freeze 17.6 million tokens associated with its previous witnesses.
Steem Soft Forks to Freeze 17.6M Tokens Held by Former Witnesses
Samuel Haig
2020-04-06T12:22:00+01:00
3403

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