Question: The difference between a hard fork and a soft fork is that A soft fork is not a fork at all. A hard fork allows

The difference between a hard fork and a soft fork is that
A soft fork is not a fork at all.
A hard fork allows integration of two cryptocurrencies into one new cryptocurrency.
A hard fork relaxes the requirements for a new block, but a soft fork makes the new block requirements more strict.
A soft fork results in a the creation of a new cryptocurrency where a hard fork does not.

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Databases Questions!

Q:

QUESTION 1 Which of the following best describes how Bitcoin can be and has been used? O The Bitcoin blockchain can only be used to track the ownership of bitcoins. The Bitcoin blockchain cannot be...

Q:

QUESTION 1 Which of the following best describes how Bitcoin can be and has been used? O The Bitcoin blockchain can only be used to track the ownership of bitcoins. O The Bitcoin blockchain cannot be...

Q:

For some years now, you've owned a small specialty bookshop in a college town. You sell some textbooks but mainly cater to a broader customer base. Your store always stocks the latest fiction,...

Q:

Bitcoins Genesis 1.What is the denition of a cryptocurrency? 2.What was the goal of the Cypherpunks? How does Bitcoin t into that goal? ((Its okay not to know).) 3.What is a double spend attack?...

Q:

List each one of these cryptocurrency transactions as either: NOT TAXABLE, TAXABLE-ORDINARY, DEDUCTION-ORDINARY, OR CAPITAL GAIN OR LOSS: Soft Fork Hard fork - no air drop Hard fork - air drop...

Q:

llllllllllilau '9 i9 .9 I6 A 19 III '9 '9 an I9 I. Q ID ID a P3. P4. P5. P6. Experiment 12: Wave Motion: Standing Waves and the Speed of Sound and Beats TUBE OPEN AT BOTH ENDS Remove the cap from the...

Q:

llllllllllilau '9 i9 .9 I6 A 19 III '9 '9 an I9 I. Q ID ID a P3. P4. P5. P6. Experiment 12: Wave Motion: Standing Waves and the Speed of Sound and Beats TUBE OPEN AT BOTH ENDS Remove the cap from the...

Q:

The objectives should answer questions about the scope of the policy in terms of _ _ _ _ _ _ _ _ _ _ _ areas of activity. a . eligibility. b . applicable. c . Both A & B . d . None of thBlockchain...

Q:

When deploying an update in the protocol of a blockchain, how can you manage the result of the update to be a soft fork or a hard fork? Do not answer what is soft fork and hard fork.

Q:

3. What is the use of Merkle Tree in blockchain? (30 pts) 4. When deploying an update in the protocol of a blockchain, how can you manage the result of the update to be a soft fork or a hard fork? Do...

Q:

What are ways in which municipalities could collect the necessary funds from their citizens? Use practical examples.

Q:

You wish to save for retirement by making semi-annual deposits (every six months) account, for a period of 35 years. The account earns monthly interest at0.5%per month. deposit$800every six months,...

Q:

How does the percentage of organizations that issue corporate sustainability reports compare to the percentage of organizations that have their corporate sustainability reports externally assured?

Q:

WWD Oil Company operates under a PSC agreement in the South China Sea. WWD has 40% of the working interest and Local Oil Company (which is owned by the Chinese government) has 60% of the working...

Q:

How was their resistance overcome?

Q:

Which members of the group or organization were most resistant to the change? What were the reasons for their resistance?

Q:

Did they force the change on others, or were others involved in the change and agreeable to it? How did others in the group or organization react to the proposed change?