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I am extremely happy to welcome you all to the Trescon World Blockchain Summit on the 23rd and 24th of October at Jumeirah Emirates Towers, Dubai.  

Join DigiXHub at the expo to learn about our blockchain products, and to connect with like-minded blockchain enthusiasts and technology players. The summit will feature enterprise and government use-cases, panel discussions, inspirational keynotes, networking opportunities and more.  

With over six decades of experience in the events industry, Trescon is the world’s fastest-growing B2B Events Company that boasts over 150 media partnerships.

We welcome all individuals and corporates alike to schedule a meeting with us at the expo or during our stay in Dubai to discuss possible business opportunities.  

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The Supreme court of India refused to abolish a ban laid by the Reserve Bank Of India (RBI) on making transactions via cryptocurrencies. This would censor cryptocurrencies in the country.

India is the third largest economy in Asia.

Bitcoin cannot be treated as currency under India’s existing law, It imposes that currency used as a medium of exchange must be made either from metal or exist in a physical form and needs to be stamped by the government said the RBI during the court hearing.

The court was headed by Chief Justice Dipak Misra, who said that the ban on banks and other financial institutions providing any services related to cryptocurrencies will remain implemented, Bloomberg reported. Initially, all institutions were given three months to cease such operations, effective from April 6th.

Countries such as Korea are taking steps to guarantee more procure crypto trading, while Malta had already ingrained itself as Europe’s blockchain and cryptocurrency hub which leaves India a step behind the digital platform.

According to the Director of DigiXhub ‘Nitin Jagtiani’ , One of the leading cryptocurrency and Blockchain solutions provider based in Bangalore, believes India contributes a very significant share of volume for cryptocurrency trading and ban in cryptocurrencies will allow the government to plan and implement the required regulations and laws to have a secure environment for investors and traders. Other countries have also made such steps but later have created a regulated environment to allow cryptocurrency business to safeguard the investors and traders.
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First, let us get a brief idea about what is AI and Blockchain.
 
AI refers to Artificial Intelligence, which is also called Machine Intelligence (MI). AI is intelligence demonstrated by machine in contrast to Natural Intelligence (NI) which is seen in humans and animals.
The term artificial intelligence is applied when a machine copies “cognitive” functions that human relate with other humans mind, such as “learning” and “solving problems”.
 
From the functions of speech-pattern recognition to self-driving cars, AIs’ goal is to learn and apply knowledge that is extracted from a large amount of data to make them more intelligent.
According to Don & Alex Tapscott, authors Blockchain Revolution,“The blockchain is an incorruptible digital ledger of economic transactions that can be programmed to record not just financial transactions but virtually everything of value.”
Blockchains’ main features consist of transparency, security, and authentication. Wherein the records are transparent and visible publicly, it is secure as the data is immutable or incorruptible and authenticity refers to the verification process of the user’s identity.
 
HOW CAN AI COVER BLOCKCHAINS FLAWS?
 
The blockchain is concerned with keeping correct data, authentication, and execution. Even though Blockchain is powerful it has its own limitations. Some of which are technical and others are inherited from the old minded culture of the financial services sector. The few things in which AI can cover up blockchains flaws are:
 
1. Energy consumption
One of the terms in blockchain is mining. Mining is a tough job and consumes a huge amount of energy to complete the task. In optimizing energy consumption, AI has proven to be very efficient. If we see that efficiency, it can even help the blockchain in optimizing the energy. This would help in lower investment in mining hardware.
 
2. Security
The blockchain is next to impossible to hack, however, as we go deeper, the layers and applications are not that secure.  AI has been progressing at a good pace from last two years. AI can be of help to blockchain to guarantee a secure application deployment, mainly given the fixed structure of the system.
 
3. Efficiency
In 2016, Deloitte estimated a total cost of $600 million for validating and sharing transactions on the blockchain.  An intelligent system might be of assistance here. It can compute on the fly the likelihood for particular nodes to be the first performing a certain task and informing the other miners to shut down efforts for the certain transaction and eventually cut down on total cost.
 
HOW CAN BLOCKCHAIN COVER UP AI’s FLAWS
 
1. Can Help AI to Explain Itself
AI black-box suffers from explainability problem. it cannot explain itself. Having a clear trail will increase the trustworthiness of the data and the models. It will also help to trace the machines decision-making process. So, if you are not convinced about any decision is taken by the machine you can have a look at the process yourself and evaluate it.
 
2. Increase AI effectiveness:
AI works better when it has more data to analyze. So, a secure data sharing means more data, which means more models, more models result in better actions – better results and better new data. The network effect is all that matter at the end of the day.
 
3. Reduce catastrophic risks scenario
An AI coded in a DAO with specific smart contracts will be able to only perform those actions, and nothing more. There won’t be additional actions taken,  whatever is specified will be brought into action.
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In earlier days as people used to do transaction by cash mode only. So, it was difficult for them to adopt the new transaction method i.e. net banking. Same is the case for internet. Cryptocurrency is like internet used to be in 90's. Because of lack of awareness it is difficult to understand what actually cryptocurrency is. But one can get to know more about cryptocurrency if a person is a quick learner and willing to learn about this. https://www.digixhub.com/

According to us banks will never offer bitcoin deposits. Private key is meant to be the secret key of an individual so why would a person share his private key to the bank which is a centralized network. Banks which are meant for crypto investments are already offering bitcoin deposits but all the banking institutions will not offer this.
  
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hello,

We at Digixhub can help you to build your own blockchain based any application, with very minimal cost.
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A completely new model for building a successful and scalable application is now evolving as decentralized applications where there is no concept of centralization and as most common model to build an app is based on client and server model which obviously is centralized.

Let’s have a look at three main models and how they differ with each other and why decentralized applications are emerging –

Centralized application- This model is most commonly in action and many engineers are building it up and similarly many users are using, it means centralized applications are very much in use as compare to others and in centralized application data is controlled by a single unit (company) like Facebook, Google, Amazon on which you have to trust that it is being used correctly and in your interest.

Distributed application– In distributed applications, computation is mainly done by multiple nodes as opposed to a single one like centralized applications. With the help of distributed application, business operations can be handled from any geographical location.

Decentralized Application- Decentralized applications are also known as DApps are apps whose server-client model are not centralized and not dependent on any single unit and is run by many users on a decentralized network with trustless protocols, they are designed to keep in mind to not have a single point of failure.

Criteria to be decentralized applications:

Any application to be known as DApp, it has to be following attributes:

For any applications which have to be decentralized, it is needed to be open source that it must operate autonomously and there is no central point of controlling of its majority of tokens and any changes can only happen by consensus of its users. The application’s data and protocols have to be cryptographically stored in a decentralized blockchain. Cryptographic tokens are needed to have access to application and also used for rewarding network users. Tokens must be generated by a standard cryptographic algorithm that encourages contribution of a member of the network to the system.

Classifications of DApps–

The classification of DApp can be done on the basis of if the DApp is using its own blockchain or they use blockchain of another app so we can classify three types of DApp on this criterion-

1: Type I- Type I decentralized applications use their own blockchain, Bitcoin is the best example of this type of DApps.

2: Type II- Type II  decentralized applications use blockchain of Type I decentralized applications. Type II decentralized applications are protocols and have tokens for their functioning.  Omni protocol is an example of this kind of DApps.

3: Type III – Type III  decentralized applications use the protocol of Type II decentralized application and Type III decentralized apps are protocols and have tokens for its function.  An example is a SAFE network which uses Omni protocol.

DApp Mechanisms–

There is two common mechanism by which DApp can maintain consensus: the proof-of-work, POW mechanism and the proof-of-stake, POS mechanism.

With POW, any changes in DApp is approved on the basis of the amount of work that each stakeholder contribute to the operations of DApps.  With POS, any changes in the DApp is approved on the basis of the percentage ownership that various stakeholder have over the application.  Both mechanisms can run parallel as well.

The procedure of creating of your own DApp–

You need to follow these steps to build your own DApp-

-You need to release a whitepaper which can explain all of its features, goals, and mechanism for establishing consensus and also plans for tokenizations.
-Need to take feedback from your community to make revisions
-Finalize the date for crowd sale where your community can contribute to crowd-sale.
-You need to distribute tokens, this will totally dependent on the mechanism you use. Mining will require reference software; fundraising needs a digital wallet for stakeholders and development uses a bounty system for suggestions.
-Execution of your ideas while you can still develop your plans

Conclusion- Dapps can possibly end up self-managing on the grounds that they engage their stakeholders to put resources into the improvement of the Dapp. Thus, it is possible that Dapps for payments, data storage, bandwidth, and cloud computing may one day overshadow the valuation of multinational corporations like Visa, Dropbox, and Amazon that are currently active in that space.

Bitcoin price is going to increase and reach new levels in the near times and so this seems to be the time to buy bitcoins. In the last 24 hours, the coin has started to step up in the price graphs again. So, we would suggest a long-term investment strategy as fluctuations in the value of the coin comes due to many reasons like panic, FUD, etc but in the long run, probable good payback is expected if you go by the predictions of blockchain ideologists and cryptocurrency experts.

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This year attracted a very large number of investors into the cryptocurrency market due to Bitcoin massive price swings. More number of people are coming daily into this market and as time passes, regulations of cryptocurrencies in different parts of the world has started. Acceptance of bitcoin and other cryptocurrencies is also at a good pace. Major giants have started to deal in cryptocurrencies which has boosted these digital currencies a lot so saying that 2018 is going to be mainstream for cryptocurrencies is no wrong.

Initially, blockchain technology came into the market to provide cryptocurrency safer transactions but with time, organisations around the world are discovering its vast applications in real life. This tech has got a lot of potential and few are the mentioned areas where its implementation can be done effectively:-

-It can help a lot in carrying out electronic voting and thereby making the same secure and efficient.
-Health care industry can be helped with the blockchain technology in medical records keeping.
-Digital identity maintenance becomes efficient with this tech.
-Real Estate industry is also going to be helped when storing of info is done on the blockchain network.

Added to above that there are a lot more industries which will be helped with the blockchain technology.

The term “Blockchain” has become so popular and mainstream just because of the entry of “bitcoin”. When Bitcoin came into existence, it gained popularity not immediately but gradually. People are familiar with the terms like blockchain, bitcoin, and cryptocurrency but are missing from the bigger picture that is Distributed Ledger Technology or DLT.
 
Let us see the broader picture and find out more about DLT and Blockchain.
 
What is a Distributed Ledger Technology?
 
Distributed Ledger Technology or DLT is a specific term used to describe technologies that distribute records or information which are used either publicly or privately. In technical terms, DLT is a database which spread across various nodes or computing devices. Each of the nodes or computing devices replicate and save the identical copy of the ledger. Each participant node in the node updates itself independently. The feature of DLT is that the ledger is not maintained by any type of central authority. The updates in the ledger are constructed and recorded independently by each node. The nodes then have to vote, so that the majority agrees to the conclusion reached. The voting and agreement on the copy of ledger is called consensus and is conducted automatically by a consensus algorithm. Once consensus has been reached, the distributed ledger updates itself and the latest, agreed-upon version of the ledger are saved on each node separately.
 
What is a blockchain?
 
To all those who do not know, Blockchain is a type of Distributed ledger Technology. Wherein, the data is organized in the “chain of blocks” form. This data is distributed to everyone in the form of chained “blocks”.
Not all DLTs are blockchains but all the blockchains are DLTs. Additionally, not all the distributed ledgers use the chain of blocks to secure and valid distributed consensus. By peer-to-peer network, blockchain is distributed across and managed. As a blockchain is a distributed ledger, there is no central authority or the server managing it. The data quality can be handled by database replication or computational trust. The structure of blockchain makes it stand out from other types of distributed ledgers. The data is grouped together and then organized in the form of blocks. The blocks are later linked to each other in a secure form using “Cryptography.” The blockchain is a structure that is continuously growing in the record list. Its structure only allows the data to be added to the database. Any form of deleting or altering of data on the earlier formed blocks is impossible.
Therefore, blockchain technology is well suited for recording events, managing records, processing transactions, tracing assets, and voting.


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Investments in the crypto trading market has to be wise with necessary updates and analysis. The price of BTC is predicted to increase in the coming times so we would prefer long term investments without any panic. Holding the coin and buying at the correct dip time is a way to invest strategically.

ICOs are fundraising mechanism where in new projects sell their underlying tokens in exchange for bitcoin or ether. We all are familiar with the term Initial Public Offering (IPO), wherein companies shares are purchased by investors. And ICOs are kind off similar to IPOs. Within the [Suspicious link removed]munity  even though ICOs were a new thing, within no time it became a dominant  topic to discuss. A huge number of people look at ICOs as a project that is unregulated or not controlled which allows the founders to raise unjustified amount of capital. Others view it as an innovation in the traditional venture-funding model. Recently, the U.S. Securities and Exchange Commission (SEC) has reached a decision regarding the status of tokens issued in the infamous DAO ICO which has forced many projects and investors to re-examine the funding models of many ICOs. The passing or not passing the Howey Test by the token is the main criteria that is considered. If the token passes the test and is considered as a security then it is subjected to certain restrictions imposed by the SEC. The structuring of the ICO is an easy job as the technologies like  the ERC20 Token Standard exist.  the ERC20 Token Standard abstracts a lot of the development process necessary to create a new cryptographic asset. Mostly investors send funds in the form of bitcoin or ether to a smart contract that stores the funds and distributes an equivalent value in the new token at a later point in time, this is how ICOs usually work.
 
When a token is classified as a security there can be a few restrictions imposed. The capital raised in ICOs can be astronomical, as investors from all around the world are investing. The fact that most of the ICOs raise funds pre-product and this a fundamental issue with ICOs. This makes the investments very risky. On the contrary, this style of raising funds is useful and somewhat necessary in order to incentivize protocol development.
 
Some of the merits of ICOs are as foolows:
 
1. ICO’s (for now) have little regulatory oversight.
 
As we read before, currently ICOs are unregulated. There is no central authority controlling it. The founder can raise millions of fund without any central authority restricting them.
 
2. ICO’s are short in duration
 
ICOs are short duration as compared to IPOs, which are of much longer duration. It is comparitively better as you don’t have to wait for long period of time.
 
3. ICO’s are open to anyone.
 
Another great advantage of ICO is that they are open to anyone and everyone. As compared to IPOs which are exclusive in nature. Because ICOs are open to everyone, it helps to raise funds for a project from different parts of the world.
 
4. ICO’s promote adoption of the company and its associated services/platform.
 
Promoting the adoption of the company and the platform or services associated is done by ICOs.  Unlike IPOs that only aim to collect dividend. Promoting the company and the platform helps to gain more investors.

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Predictions by Blockchain ideologists and experts about bitcoin price have been made for its price to reach new heights which it has never seen. Added to that, governments around the world are slowly regulating cryptocurrencies transaction in their countries. Cross border payments are also being encouraged which increases its acceptance in the wider market. The chances of its massive fall is less and this is how the trading market works. Positive global news regarding crypto is always beneficial and only a few wishes to stay back when there are good speculation about BTC valuation when it comes to long-term investings.

A traditional database running on the world wide web uses client-server network architecture. The data is stored in a centralized server, wherein a user (client ) with the permission associated with their accounts can modify data whereas Blockchain consists of several decentralized nodes. In here every user or client or node participates in administration. All nodes verify new additions to the blockchain, and are capable of entering new data into the database. Each participant maintains, calculates and updates new entries into the database. All the nodes work hard to achieve a particular goal that is to arrive at the same conclusions as other nodes, providing in-built security for the network and making it difficult to tamper with.

The important points of difference:-

1.Transparency and Integrity

The key area of blockchain is ‘public verification’ which is enabled due to integrity and transparency function. This helps the users or clients to check all the details on the blocks. They are fully aware about what is going on in the blockchain. The traditional database on the contrary provides details to users or clients only after their credentials are authenticated. The authority provides only the required information and not everything.

2. Performance

Blockchains are considered slow databases, even though they are systems of records and are ideal as transaction platform. We know that the blockchain is improving day after day, but the nature of the technology requires sacrifice in terms of speed. Blockchain employes the distributed networks due to which they do not share compound processing power, they service the network independently, and then compare their work with other networks until the conensus says that something happened.

3. Decentralized Control

Blockchains allow different parties that do not trust each other to share information without requiring a central administrator. Transactions are processed by a network of users acting as a consensus mechanism so that everyone is creating the same shared system of record simultaneously. The value of decentralized control is that it eliminates the risks of centralized control. With a centralized database, anybody with sufficient access to that system can destroy or corrupt the data within. This makes users dependent on the administrators.

Blockchain network comes with a list of benefits over the traditional databases. Visit at https://www.digixhub.com to know about our Blockchain related solutions.

It is a software programme wherein the users store their private key and public key and interact with other blockchains to help users to send and receive cryptocurrency and displays their balance. If you wish to use any cryptocurrency like Bitcoin or Ethernet, you need to have a wallet.
 
How does a cryptocurrency wallet work?

There’s a misunderstanding about the way the crypto wallet works, even though there are millions of people using it. When we speak about wallets, the first thing that comes to our mind is the traditional wallet or pocket wallet where we store tangible currency. A crypto wallet is not a traditional wallet as it does not store tangible currency. Actually, the cryptocurrencies are not stored anywhere or exist anywhere in a physical form.  What exists are the records of the transaction on the blockchain. As we know a crypto wallet stores the public and the private keys and interacts with other blockchains helps to check on balance and helps to conduct other operations. Technically, when a user sends you any type of cryptocurrency, they are actually signing off the ownership of the coins to your wallet address. To enjoy these coins and unlock the funds, the private key stored in your crypto wallet should match public address to which the currency is allotted to.  The balance in your digital wallet will increase and decrease in the sender’s wallet, only after the private key and the public key match. There is actually no exchange of real coins. The transaction of sending and receiving the coins is monitored by a transaction record on the blockchain and a change in balance in your cryptocurrency wallet.
 
The Different Types of Cryptocurrency Wallets:-

There can be many types of cryptocurrency wallets which are used to store and access your digital currency. Wallets are broken down into three main categories namely, software, hardware, and paper. The software has more sub-categories namely, desktop, mobile and online.
 
Let us know what all these wallets mean and what characteristics they possess.

1. Desktop Wallet- These wallets are downloaded and installed on the PC or laptop. Only one computer or laptop where the wallet is downloaded and installed can access it.  Desktop wallets provide you with the best security, however, if the computer or laptop is hacked, there is a possibility of you losing your funds.

2. Online Wallet- Online wallets can be accessed from any location as they run on the cloud. These wallets are very convenient to access. To keep in mind is that, these type of wallets store your private key online and is also handles by the third party. Therefore, there are a lot of chances of these wallets being hacked and are prone to theft.

3. Mobile Wallet- Here the wallets run in the form an app on the phone. It is very helpful as you can access it from any location. They can even be used in the retail shops.  They are simpler then desktop wallets as on the phone there is restricted space available.

4. Hardware Wallet- These wallets are different than software wallets. In here you store the private key on the hardware devices like USB.  Hardware wallets are more secure as they conduct transactions online and are stored offline. They are compatible with many web interfaces and also support different cryptocurrencies. Users simply plug in their device to any internet-enabled computer or device, enter a pin, send currency and confirm. Hardware wallets make it possible to easily transact while also keeping your money offline and away from danger.

5. Paper Wallet- This type of wallets is easy to use and provide a high level of security. The term paper wallet can mean the printout or physical copy of the private and public key, it can also mean a piece of software used to generate the public and private keys which are then printed. Transferring any cryptocurrency to your paper wallet is accomplished by the transfer of funds from your software wallet to the public address shown on your paper wallet. On the other hand, if you want to withdraw or spend the coins, you have to just transfer the paper wallet to software wallet. This process is called ‘sweeping’ which can either be done manually by entering your private key or just by scanning the QR code on the paper wallet.
 
How to secure your cryptocurrency wallet?

The security of the wallet depends on what type it is. The intensity of security varies from one type of wallet to another. Mostly the online wallets are prone to be hacked or their funds being stolen just because they are connected to the web. There is very low possibility of the offline wallets being hacked or the funds being robbed as they are not connected to the web.
Some of the precautions that you can take to secure your wallet are:

A.  Backup your wallet- The first step would be to store only a limited amount of cryptos needed for the daily use online. This can be in any from any device like computer or mobile, wherein the other large amount of cryptos will be highly secure on the offline wallet. Offline storage will protect you from the failure of the computer wherein your cryptos are prone to be lost or stolen.  However, the eager hackers can’t be avoided. In online wallets, there is always a risk of being hacked and funds being stolen.

B. Update software- The second step is to keep your computer or laptop software updated. This helps you in security enhancement. You should update your wallet software and as well as your computer or laptop.

C. Add extra security layers- The third step is adding an extra security layer to your wallet. More the layers of security, better it is. Setting difficult passwords and making sure that any withdrawal of funds require a password is just the beginning. Use the wallets that have the best reputation and which provide two-factor authentication. And which require additional pin code everytime the application is opened.

Our organisation, DigiXhub, develops multiple crypto wallets which means Exchange wallets, margin trading wallets and deposit wallets along with the smart contracts, matching engine, decentralized applications, liquidity hub connect, server monitoring tools, tokens ,etc. To get your own highly secure  Blockchain network contact us at https://www.digixhub.com

Today we have a lot of cryptocurrencies in the market which has got a good potential to give equal or better payback but considering the fact that bitcoin is the first cryptocurrency and its price graphs are attracting a lot of new investors in the market, its tough to accept its disappearance. If by any means bitcoin vanishes from the market, market panic will begin for sure and the trust of the investors will be shaken which is going to affect the whole crypto market adversely. But, this trading market will gain the trust of the investors with some time and results and slowly other cryptocurrencies will come in action and trades will go on.

“Fork” is a phrase that describes any divergence in a blockchain protocol.  A simpler way to understand it would be the scenario wherein split occurs. They are very common when it comes to computing software.
Example: Most of the altcoins have started with the codebase of “Bitcoin,” they have done it “fork” into their own version.
 
Let us look deeper into cryptocurrency to have a better understanding of cryptocurrency fork. Cryptocurrencies basically work on the blockchain technology, which is a distributed ledger built of continuously expanding data blocks. The technology operates as a decentralized network, the system users have to agree to a set of rules for how transactions are verified and added to the blockchain ledger. This process is named as “consensus” and this is what forms the true record of the blockchain.
 
In simple words, “Fork” is a term used for a software or protocol update. Forks may occur due to different reasons and different scenarios. Let us look at few of the scenarios.
 
⦁ As a Solution to Technical Disagreements
 
The existence of Bitcoin Cash is as a fork of Bitcoin, which is due to the disagreement of Bitcoin’s scalability problems.  Forking another version of the protocol was done because the influential investors, miners, and developers did not agree on the “Segregated Witness” (SegWit) solution which was proposed to increase the block size of Bitcoin. Some believe that the Bitcoin Cash is the real Bitcoin, whereas others believe that it is an impostor that co-opted Bitcoin.
 
⦁ To Reverse Transactions
 
Two years back, that is in 2016, Ethereum had famously developed a smart contract called “The DAO” which was hacked and this cost the investors millions of dollars. Ethereum hard fork was a result of the hack of The DAO. To correct this incident, the community decided to roll back history and restore all the lost money, somehow not everyone voted to do the same. Therefore, we have Ethereum Classic today, it is the group that decided to stick to the original protocol and not adopts to the hard fork.
 
⦁ To Add New Features or Functionality
 
Example of adding new features or functionality is Windows 10. It has been updated and is being improved continuously. The same applies to the blockchain software.  Anyone can develop improvise the blockchain software as it is an open source. Anyone can go to GitHub, grab the code of a coin, and then do the development work needed to update the software. If the development work is good enough and is getting the support, then the update may be added to the next version.
 
When there is an occurrence of a fork, users will then have to choose which version of software they want to go with. The fork is divided into two types which are mentioned below :
 
1. Hard Fork
 
The hard fork is a permanent split from the current version of the blockchain, with nodes of the new blockchain not interacting or acknowledging the nodes of the old version of the blockchain.  Therefore, a hard fork is non-backward compatible. The occurrence of hard fork takes place when a vast majority of miners or validators give a positive signal regarding the upgrade of the fork. This causes a split in the blockchain, wherein, one path moves in the direction of the new, upgraded version of the blockchain and other continues on the old path.
 
As seen in most of the cases, the ones using the old version will slowly come to the realization that the old version is becoming irrelevant and switch to the new one.
 
The hard fork itself is further divided into the contentious hard fork and non-contentious hard fork. The contentious hard fork is when one group wants to stick to the old version of the blockchain no matter what. For example, we have already seen Bitcoin Cash and Ethereum Classic splits. Both of these brought with them a good deal of acrimony and drama. The non-contentious hard fork is when a upgrading to the new version was always a part of the development process. In this case, the community just upgrades to the new version and the old version dies without any support. The examples of these are Ethereum Byzantium and MoneroV.
 
2. Soft Fork

In contrast to the hard fork, the soft fork is backward compatible. Soft fork involves optional upgrades. In simple words, it means that the new forked chain will follow the new rules as well as honor the old rules.
Even in soft fork there are two versions of the blockchain. The difference being users who did not upgrade will still be able to participate in validating or verifying transactions. In this way, soft forks are much less restrictive.
 
Soft forks are easier than the hard fork because only a majority of nodes are required to sign on. We can actually look at the soft fork as a gradual upgrade mechanism as opposed to the stark, immediate change of a hard fork. Unlike hard fork, soft fork changes the existing code and aims to result in only one blockchain. Example of Bitcoin soft forks includes BIP 66 and P2SH. 
 
Conclusion
 
Hard Fork and Soft Fork tend to create controversies of their own in the cryptocurrency world. This happens mainly because fork refers to change and on general basis, people do not like change as they are already comfortable with whatever is going on. A fork is an unavoidable change of the cryptocurrency at this point in time. Some of the changes are necessary and needed, whereas, others are unnecessary. The bottom line here is that they’re an integral part of a crypto community’s ability to self-audit and evolve.

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Bitcoin is undoubtedly a cryptocurrency which has seen all the market swings. Its pricing has varied a lot in the recent times and this depends upon multiple factors which decides its structure in terms of valuation. Market panic affects the price to a large extent so whenever any government in the world releases positive statements regarding crypto, it is set to boost the price and vice-versa is also true. Acceptance of Bitcoin in the wider market also helps to decide the price structures. Media's role influences the market too as they can create hype and this spreads around the world. Added to these, the demand and supply of BTC also matters a lot in valuation of the same.

So, consideration of the above factors help in the market analysis of cryptocurrencies like bitcoins and other altcoins and it can give you correct idea of investing in bitcoins. Long-term investment is always encouraged to have minimum losses and maximum gains as the fluctuation levels of Bitcoin is known to all.