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Features
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New to Crypto?
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Hard Fork
A Hard Fork is the permanent separation of a blockchain into two separate networks that do not affect each other. A Hard Fork is performed when there is a significant update to the blockchain code. Some of the projects born from Hard Fork are Ethereum Classic (ETC), Litecoin, and Bitcoin Satoshi Vision (BSV).
Hard Forks can happen for a variety of reasons, including:
- To fix security issues.
- The occurrence of irreconcilable disputes within the development community.
- Restore transactions involved in hacking.
- Adding new features.
- Changing the fee structure or rewards for miners.
One of the most recent examples of a hard fork is the Shanghai upgrade, an Ethereum update that enables a withdrawal feature on Ethereum staking (EIP-4895). This system upgrade is a hard fork with EIP-4895 as its main proposal.
