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.
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
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
The CEO of Reserve thinks central banks will tokenize their currency, but businesses will choose other stablecoin services for their privacy.
Reserve CEO Predicts Central Banks Will Tokenize, Still Room for Stablecoins
Bitcoin developer Pieter Wuille has unveiled two proposals on GitHub for a Taproot soft fork to address privacy issues.
Bitcoin Developer Publishes Two Proposals for a Taproot Soft Fork
Charlie Lee, Litecoin’s creator, declared that “fungibility is the only property of sound money that is missing from Bitcoin & Litecoin.”
Litecoin Creator Charlie Lee to Make Coin More Fungible and Private
One of the Blockstream co-founders suggests a new Bitcoin scaling concept that allegedly does not deploy a hard fork.
Bitcoin’s Block Size Can Be Increased Without Hard Fork, Says Blockstream Co-Founder
Bitcoin price surges to new all time high just two days before the activation of Segregated Witness, markets appear highly optimistic
Bitcoin Price Breaks All Time High Less Than Two Days Before SegWit Lock-in