Hard Fork

Hard forks can be used to change the rules of consensus, but they require coordination between all participants in the system. Any nodes that do not upgrade to the new consensus rules are unable to participate in the consensus mechanism and are forced onto a separate chain at the moment of the hard fork. Thus, a change introduced by a hard fork can be thought of as not “forward compatible,” in that non-upgraded systems can’t process the new consensus rules after the hard fork event.

github.com

Unlock Alpha

Signup for free and stay ahead of the market with key insights, data, and institutional-grade research from top crypto analysts.

Password

Related research

Oct 11, 2022

Monthly Chartbook - Falling Out of the Merge

Andrew Krohn

and 6 others

Monthly Chartbook - Falling Out of the Merge

Andrew Krohn

and 6 others

•

Oct 11, 2022

This month’s Monthly Chartbook focuses on the macro outlook, market structure & on-chain observations, L1s, L2s, & DeFi analysis, and an NFTs & gaming sector breakdown.

Related research

Other Crypto Projects

Aave

THORChain

X2Y2

dYdX

Frax Finance

LooksRare