Soft Fork vs. Hard Fork: An In-depth Comparison

Cryptocurrencies such as Bitcoin (BTC) and Ethereum (ETH) operate on decentralized open-source software known as a blockchain. A fork represents a modification to the underlying protocol of a blockchain. This modification, whether significant or minor, can be initiated by developers or members of the community.

The process requires node operators, the machines connected to the blockchain responsible for validating transactions, to upgrade to the latest protocol version. Each node stores a copy of the blockchain and ensures the consistency of new transactions with its historical records.

Read more on our blog: Soft Fork vs. Hard Fork: An In-depth Comparison | OWNR Wallet

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