The implications of the blockchain fork of March 12, 2013 of Ethereum
On March 12, 2013, a fork was presented on the Bitcoin blockchain which will be large -scale consequences for the Alials USS and Investors. As AR of this fork, the spoiled versions of the Bitcoin blockchain emerged: pour 0.7 and version 0.8. Although this change seems minor to Mume, this does not mean the implications for long -standing development and viability of Ethereum and Bitcoin.
What is a fork?
A fork occurs a software divided into a multiplied or parallel version, the Unich – they without dissidents have set out to failure and developments. In this case, the fork of March 12, 2013 was launched by contempt for the Bitcoin community concerning the way of sclabity and blockchain security.
The Fork: version 0.7 vs. version 0.8
Version 0.7 was a relatively minor download which introduced several keys, including an increase in block reward rats and improvements in clean congestion handling. The people of the people are not effective in doing bitcoin, but you cannot have an actor up to date to take the protocol.
On the hand, version 0.8 represented a meaning for the Bitcoin blockchain and will be treated in Soce. Version 0.8 has introduced a new consensual algorithm (SHA-256) in modifications, but « Pow Fork ».
What does that mean for users?
Training of which had already upgraded towards version 0.7 or
Upgrade or demotion? **: If the upgrade already towards version 0.8, 0.8 if you want to take advantage of your new chlings.
* Loss A composite : The software of any software that is based on the old versions of Bitcoin may not be compatible with them.
Howver, Mame users who had upgraded to version 0.8 of performance improvement reports and reduction of congestion problems.
Investor considerations
As for investors:
* Forsification is the key : The emergence of emerging blockchain forks can make your wallet more difficult.
The long -term survival of Bitcoin **: despite the forks, Bitcoin managed it assured in the recents, analysts attribute this to the institutional adoption institution.
Conclusion
The Ethereum Blockchain fork March 12, 2013 was a hinge adventure which will be significant implications for Ethereum and Bitcoin. Although this may seem to be an insignificant change for users who already know the forks, it is essential to understand the context and the potential consequences of this fork on the long -term development and viability of the two projects.
ASSS Investors seek to diversify their portfolio, they should keep in mind that Bitcoin and Ethereum are the blockchain platforms remotely with a differential in architecture. Although we can have survived the problems of scale, the rest an absorption in brown fashion for these decentral transactions, without authorization or at high speed.
What do you think of this fork? Do you have reflections on how it could have an impact on will? Share your opinions in the comments below!
