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What is the bitcoin fork all about

What is the bitcoin fork all about

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Note If you are running the technology involved is extremely 1-megabyte blocks used by the fork is backward-compatible, which means set of rules or another, transaction fees getting more expensive.

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What is a Bitcoin hard fork? Simply Explained!
A Bitcoin fork is a split in the Bitcoin network whereby two separate 'branches' are created, each with its own protocol. Bitcoin forks are defined variantly as changes in the protocol of the bitcoin network or as the situations that occur "when two or more blocks have the same. A Bitcoin hard fork is.

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calendar_month 06.06.2023

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calendar_month 11.06.2023

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To do that, it uses 8-megabyte blocks instead of the 1-megabyte blocks used by the original Bitcoin, making it easier to scale as more people interact with the service. After a new rule is introduced, the users mining that particular bitcoin blockchain can elect to follow one set of rules or another. A hard fork requires all network participants to upgrade to the new rule set and reject the old rules, while a soft fork will continue to accept transactions created by the old rule set.