web3/concepts/hard-fork.md

10 lines
1.1 KiB
Markdown
Raw Permalink Blame History

This file contains ambiguous Unicode characters

This file contains Unicode characters that might be confused with other characters. If you think that this is intentional, you can safely ignore this warning. Use the Escape button to reveal them.

# Hard Fork
An event when a [cryptoasset](cryptoasset.md) on a [blockchain](blockchain.md) has a divergence in its transaction history and is duplicated into two separate histories. Effectively results in a split of the asset into two versions of itself which are incompatible until either one fork is abandoned or becomes a separate asset all together.
Most major crypto assets including [bitcoin](bitcoin.md) and [ethereum](ethereum.md) have had hard forks.
## References
1. Schneier, Bruce. 2019. Theres No Good Reason to Trust Blockchain Technology. Wired Magazine. https://www.wired.com/story/theres-no-good-reason-to-trust-blockchain-technology/.
1. Rosenthal, David. n.d. Stanford Lecture on Cryptocurrency. Accessed 2 March 2022. https://blog.dshr.org/2022/02/ee380-talk.html.
1. Plant, Luke. 2022. The Technological Case against Bitcoin and Blockchain. Luke Plants Home Page. 5 March 2022. https://lukeplant.me.uk/blog/posts/the-technological-case-against-bitcoin-and-blockchain/.
1. Weaver, Nicholas. 2018. Blockchains and Cryptocurrencies: Burn It With Fire. Berkeley School of Information. https://www.youtube.com/watch?v=xCHab0dNnj4.