What is a soft fork in Bitcoin?
A soft fork in Bitcoin is a type of protocol upgrade that is backward compatible. It introduces new rules that do not conflict with old rules, allowing old nodes to continue operating even if they don't upgrade. However, old nodes may not recognize new features introduced by the soft fork.
What is a soft fork in cryptocurrency?
Could you please elaborate on the concept of a "soft fork" in the realm of cryptocurrency? I've heard it mentioned but am still unclear on its precise meaning and function. Specifically, how does a soft fork differ from a hard fork? What kind of changes does it typically introduce? And what are the implications for the cryptocurrency ecosystem and its users? Is it a common occurrence or something more exceptional? Any insights or examples you could provide would be greatly appreciated.
What is a bitcoin soft fork?
Could you elaborate on what a Bitcoin soft fork is in a concise manner? I've heard the term mentioned frequently but would appreciate a clear explanation. Does it involve changes to the underlying code? How do these changes differ from a hard fork? What are the potential implications for bitcoin users and miners? And finally, could you give an example of a recent soft fork that has occurred in the bitcoin network?