Search results
Results from the WOW.Com Content Network
In this case, the fork resulted in a split creating Ethereum and Ethereum Classic chains. In 2014 the Nxt community was asked to consider a hard fork that would have led to a rollback of the blockchain records to mitigate the effects of a theft of 50 million NXT from a major cryptocurrency exchange. The hard fork proposal was rejected, and some ...
Hard forks splitting bitcoin (aka "split coins") are created via changes of the blockchain rules and sharing a transaction history with bitcoin up to a certain time and date. The first hard fork splitting bitcoin happened on 1 August 2017, resulting in the creation of Bitcoin Cash.
SegWit2x was a proposed hard fork of the cryptocurrency bitcoin. The implementation of Segregated Witness in August 2017 was only the first half of the so-called "New York Agreement" by which those who wanted to increase effective block size by SegWit compromised with those who wanted to increase block size by a hard fork to a larger block size ...
A hard fork occurs when changes to the blockchain aren’t compatible with the old system, forcing a system-wide update. ... Cryptocurrencies can also take a soft fork where blockchain changes are ...
Bitcoin (BTC) developer Pieter Wuille has unveiled two proposals on GitHub for a Taproot soft fork in a message to the bitcoin-dev mailing list on May 6. Taproot is a solution that aims to combine ...
However, the proposal has been controversial due to the limitation of project work to an invitation-only group of developers. In mid-July 2017, it became evident that miners favored implementing the Segwit part of the agreement before the 1st of August 2017 UASF, aiming to mitigate the risk of a hard fork in the bitcoin network. [15]
In November 2018, Bitcoin Cash experienced a contested hard fork where the project split into two cryptocurrencies: Bitcoin Cash and Bitcoin Satoshi Vision. [ 12 ] In November 2020, there was a second contested hard fork where the leading node implementation, BitcoinABC, created BCHA (now dubbed "eCash" or "XEC").
In 2014 the Nxt community was asked to consider a hard fork that would have led to a rollback of the blockchain records to mitigate the effects of a theft of 50 million NXT from a major cryptocurrency exchange. The hard fork proposal was rejected, and some of the funds were recovered after negotiations and ransom payment.