What is forking? What is a hardfork? How does forking affect crypto?

We invite you to discuss forking in this video. We'll explain what forking is and how it affects cryptocurrencies. We will define blockchain, soft forking, and hard forking.

A month ago, the cryptocurrency community watched the transition of Ethereum to the Proof-of-Stake consensus algorithm. The next expected event for the second most capitalized cryptocurrency will be the Shanghai hard forward, which is planned for the future.

Let's look at Bitcoin as an example of forking, which took place in 2017. We will also use examples to explain the difference between soft and hard forking.

At the end of the video, find out what smart contracts have to do with Ethereum forks. We hope that our new episode on cryptocurrency forking will broaden your knowledge of blockchain technology and the crypto market in general.

00:00 - Introduction
01:17 - What is forking?
04:12 - Hard Forking
Soft Forking
07:28 - How does forking change cryptocurrency?
08:54 - Conclusion



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