Hard Fork (Blockchain)
A hard fork is a major change to a blockchain's rules that makes some transactions that were once considered invalid now valid, while also making some valid transactions no longer accepted.
More terms under H
- HalvingHalving is an event that cuts the rewards for miners in half, reducing the amount of new cryptocurrency they earn for processing transactions on the network.
- Hard CapA hard cap is the highest limit on the total amount of a digital asset that can ever be created.
- Hard ForkA hard fork is when a blockchain splits into two separate chains, and the original chain does not accept the changes made in the new one.
- Hard Fork CombinatorA hard fork combinator is a tool used on the Cardano blockchain that helps merge different versions of the software after a major update, known as a hard fork.
- Hard PegA hard peg is when a currency is tied to another currency at a fixed exchange rate, meaning its value does not change compared to that other currency.
- Hardware Security ModuleA hardware security module is a special device that keeps digital keys safe and helps protect data by encrypting it.
Educational definition. Protocol rules and market conventions can differ; check an asset's official documentation.