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Hard Fork A succinct definition of Hard Fork Hard ForkLevel UpNEWIndividualsBusinessesDevelopersDiscoverCompanyGLOSSARYHARD FORKCopy linkShare on TwitterShare on FacebookShare on LinkedinHard ForkA blockchain hard fork is a significant change or upgrade to a blockchain’s protocol that is not backward-compatible with the previous version. This means that nodes (computers in the network) running the old version of the software will no longer be able to participate in the new blockchain, leading …
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What Are Blockchain Forks? This guide explains what blockchain forks are, the differences between hard and soft forks, and how they can change the functionality and price of cryptocurrencies. What Are Blockchain Forks? Level UpNEWIndividualsBusinessesDevelopersDiscoverCompanyUNIVERSITYBlockchain13 Jun 2023|INTERMEDIATE|4 MIN READWhat Are Blockchain Forks? This guide explains what blockchain forks are, the differences between hard and soft forks, and how they can change the functionality and pr…
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Soft Fork A succinct definition of Soft Fork Soft ForkLevel UpNEWIndividualsBusinessesDevelopersDiscoverCompanyGLOSSARYSOFT FORKCopy linkShare on TwitterShare on FacebookShare on LinkedinSoft ForkA soft fork is a backward-compatible upgrade to a blockchain’s protocol that is less disruptive than a hard fork since it doesn’t require a complete split of the network. It introduces new rules or conditions that are not present in the older version, but allows non-upgraded nodes (computers in the …
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What Are Blockchain Forks? This guide explains what blockchain forks are, the differences between hard and soft forks, and how they can change the functionality and price of cryptocurrencies. What Are Blockchain Forks? Level UpNEWIndividualsBusinessesDevelopersDiscoverCompanyUNIVERSITYBlockchain13 Jun 2023|INTERMEDIATE|4 MIN READWhat Are Blockchain Forks? This guide explains what blockchain forks are, the differences between hard and soft forks, and how they can change the functionality and pr…
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ERC-20 A succinct definition of ERC-20 ERC-20Level UpNEWIndividualsBusinessesDevelopersDiscoverCompanyGLOSSARYERC-20Copy linkShare on TwitterShare on FacebookShare on LinkedinERC-20The ERC-20 token standard is a set of rules and guidelines that defines how a token should function on the Ethereum blockchain. Introduced in 2015 by Fabian Vogelsteller, ERC-20 has become the most widely adopted token standard in the Ethereum ecosystem.ERC-20 tokens are fungible, meaning that each one is interchangea…
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Ethereum Virtual Machine (EVM) A succinct definition of Ethereum Virtual Machine (EVM) Ethereum Virtual Machine (EVM)Level UpNEWIndividualsBusinessesDevelopersDiscoverCompanyGLOSSARYETHEREUM VIRTUAL MACHINE (EVM)Copy linkShare on TwitterShare on FacebookShare on LinkedinEthereum Virtual Machine (EVM)Ethereum Virtual Machine (EVM) is a software programme that developers and programmers can use to create decentralised applications (dapps). This programme also acts as the bedrock for Ethereum’s e…
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Forks A succinct definition of Forks ForksLevel UpNEWIndividualsBusinessesDevelopersDiscoverCompanyGLOSSARYFORKSCopy linkShare on TwitterShare on FacebookShare on LinkedinForksForks occur when there is a split in a blockchain network, forming two different versions. This happens when blockchains wish to have new features added to their chain or to fix known issues.Since blockchain networks are open-source, they allow for anyone to contribute to the code and make changes and improvements, which c…
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ERC-223 A succinct definition of ERC-223 ERC-223Level UpNEWIndividualsBusinessesDevelopersDiscoverCompanyGLOSSARYERC-223Copy linkShare on TwitterShare on FacebookShare on LinkedinERC-223ERC, which stands for Ethereum Request for Comment, is a standard conveying the essential technical notes and requirements to a group of developers and users. Created by Reddit user and Ethereum developer ‘Dexaran’, the main goal of the ERC-223 token standard is to expand on the ERC-20 protocol and offer a so…
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BEP-20 A succinct definition of BEP-20 BEP-20Level UpNEWIndividualsBusinessesDevelopersDiscoverCompanyGLOSSARYBEP-20Copy linkShare on TwitterShare on FacebookShare on LinkedinBEP-20BEP-20 is a token standard for the BNB Smart Chain. Similar to how ERC-20 acts as a fungible token standard for Ethereum, the same applies for BEP-20 on the BNB Smart Chain.BEP-20 originally comes from the ERC-20 standard and is fully compatible with it. Using similar code functions with slight modifications across th…
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Multi-Signature Authentication A succinct definition of Multi-Signature Authentication Multi-Signature AuthenticationLevel UpNEWIndividualsBusinessesDevelopersDiscoverCompanyGLOSSARYMULTI-SIGNATURE AUTHENTICATIONCopy linkShare on TwitterShare on FacebookShare on LinkedinMulti-Signature AuthenticationMulti-signature authentication (often referred to as multisig in cryptocurrency and blockchain) is a security feature that requires multiple private keys to authorise a transaction. Instead of relyin…
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