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You're reading from  Foundations of Blockchain

Product typeBook
Published inJan 2019
PublisherPackt
ISBN-139781789139396
Edition1st Edition
Tools
Blockchain
Concepts
Blockchain
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Author (1)
Koshik Raj
Koshik Raj
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Koshik Raj

Koshik Raj is an information security enthusiast who holds a master's degree in computer science and information security. He has a background of working with RSA, a network security company. He has also worked as a senior developer in CoWrks, Bengaluru. Koshik has been studying blockchain technology since he was introduced to Bitcoin while pursuing his master's. He is currently advising an educational start-up looking to implement blockchain technology in the education space. He is also setting up a blockchain incubation center for students and researchers in Bengaluru to aid mentorship and networking, and even the launching and marketing of their ideas.
Read more about Koshik Raj

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Bitcoin hard forks and altcoins

A hard fork in Bitcoin is an update to the protocol that will not entertain the older protocol, thus requiring everyone to upgrade. Hard fork upgrades often include major changes such as changing the blockchain structure, transaction, or consensus rules. The major difference between a soft fork and hard fork is that the latter is not backward compatible, meaning that the older system will not function in the updated protocol.

There will be two different versions of blockchain after the blockchain hard fork. The multiple versions of blockchain are a result of disagreement among the blockchain nodes to follow a single protocol. Blockchain hard forks often result in protocol upgrades. Bitcoin has had several hard forks, which has resulted in the creation of Bitcoin forked cryptocurrencies. Bitcoin Cash was the first successfully hard-forked cryptocurrency...

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Foundations of Blockchain
Published in: Jan 2019Publisher: PacktISBN-13: 9781789139396
© 2019 Packt Publishing Limited All Rights Reserved

Author (1)

author image
Koshik Raj

Koshik Raj is an information security enthusiast who holds a master's degree in computer science and information security. He has a background of working with RSA, a network security company. He has also worked as a senior developer in CoWrks, Bengaluru. Koshik has been studying blockchain technology since he was introduced to Bitcoin while pursuing his master's. He is currently advising an educational start-up looking to implement blockchain technology in the education space. He is also setting up a blockchain incubation center for students and researchers in Bengaluru to aid mentorship and networking, and even the launching and marketing of their ideas.
Read more about Koshik Raj

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