Detailed Explanation
How It Works
A soft fork is usually backward-compatible, meaning older versions can still interact with updated nodes to some extent. A hard fork creates rules that are not backward-compatible, which can split the chain if participants disagree on which version to follow.
FAQs
Do all forks create new coins?
No. Some are just upgrades to the existing chain.
Why do forks happen?
To improve the protocol, fix problems, or reflect disagreements in the community.
Should traders care about forks?
Yes, especially if the fork affects volatility, access, or token support.
