Soft Fork (Blockchain)
A soft fork is an update to a blockchain that changes the rules so that some transactions that were once allowed are no longer accepted. Most of the time, miners need to update their software to follow the new rules.
More terms under S
- Social EngineeringSocial engineering is when someone tricks people into sharing their private information or doing something they shouldn’t, often by pretending to be someone…
- Soft CapThe soft cap is the lowest amount of money that a cryptocurrency project aims to collect during its initial coin offering (ICO) to proceed with the project.
- Soft ForkA soft fork is a change to a blockchain that allows new rules to be added while still being compatible with the old version, so older users can still…
- Soft PegA soft peg is a way to keep a currency's value close to another currency, like a major reserve currency, by allowing it to fluctuate within a specific range…
- Software Development Kit (SDK)A Software Development Kit (SDK) is a set of tools that helps developers create applications for a specific device or operating system.
- Software LibraryA software library is a set of pre-written code that developers can use to help build their own programs, making it easier and faster to create software.
Educational definition. Protocol rules and market conventions can differ; check an asset's official documentation.