Blockchain Forks - Hard Fork and Soft Fork

If this technology is so complex, why call it “blockchain?” At its most basic level, blockchain is just a chain of blocks, but not in the traditional sense of those words. When we say the words “block” and “chain” in this context, we are talking about digital information (the “block”) stored in a public database (the “chain”).

Based on a peer-to-peer (P2P) topology, blockchain is a distributed ledger technology (DLT) that allows data to be stored globally on thousands of servers – while letting anyone on the network see everyone else's entries in near real-time. That makes it difficult for one user to gain control of, or game, the network.

For businesses, however, blockchain holds the promise of transactional transparency– the ability to create secure, real-time communication networks with partnersaround the globe to support everything from supply chains to payment networks to real estate deals and healthcare data sharing.

Blockchain Forks - A fork is a change to the protocol or a divergence from the previous version of the blockchain. When a new, alternative, block is generated by a rogue miner, the system reaches consensus that this block is not valid, and this 'orphan block' is very soon abandoned by the other miners.

In simple words, Fork means "what happens when a blockchain diverges into two potential paths forward"

There are two types of a fork in the blockchain,

Hard Fork

A hard fork (or hard fork), as it relates to blockchain technology, is a radical change to a network's protocol that makes previously invalid blocks and transactions valid, or vice-versa. A hard fork requires all nodes or users to upgrade to the latest version of the protocol software.

Soft Fork

In terms of blockchain technology, a soft fork (or sometimes soft fork) is a change to the software protocol where only previously valid blocks/transactions are made invalid. Since old nodes will recognize the new blocks as valid, a soft fork is backward-compatible.

Some other Forks in Blockchain

Bitcoin Forks

Bitcoin, the pioneer blockchain cryptocurrency, has had several forks. Recognizing this, the original Bitcoin blockchain (developed by the probably-pseudonymous author Satoshi Nakamoto) is sometimes called Bitcoin Core. Developers can make changes to Bitcoin Core’s blockchain protocol.

Codebase Forks

Codebase fork is a software development term. When a developer works on the source code of an application (it could be blockchain-based, or another software product) to develop (or create) a distinct and separate version of the software, the new version is called a codebase fork.

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