What do you know about hard-fork?

[HelperAdvisorsLLP]

Just read some articles about ICO instead hard-fork. But its not enough info

[Jamie Oliver]

Hard Fork Answer is understood that a virtual currency into two virtual currency, a virtual currency with the previous blockchain, the new blockchain with a new.

[Poink]

Just read some articles about ICO instead hard-fork. But its not enough info

The way I understood it (and I may be mistaken)

When a change to the block chain is needed/wanted, developers do a hardfork. 

Why?  Because the chain resides in many places and cannot be changed simultaneously and instantly.
How?  By making a full copy of the original, then applying the change(s) to the new one.

There are times when the whole community is in agreement (ideal situation) and the fork will just abandon the old and continue with the new/updated version.

IF there is division and both have enough support then both coins from the fork will continue. Usually, owners of the original coin will also receive a 1:1 qty of the new coin.

Hope this helps a bit.

[munareal]

Hardfork is when a single currency splits into two resulting into an old coin and a new coin.Technically hardfork is a  change to the protocol in a block chain technology like an upgrade to the latest version of a software which is a permanent diversion .Nodes running through the previous versions are not accepted by the new version. A new path from the previous version creates the fork which is a path following the nodes of the upgraded new version.

[PrintMule]

I will not lie and I will write very sincerely in this matter. I have certainly done a lot of research on the first fork and I have worked and studied very much to find out what happened.I did not research absolutely in the next fork events. because I think fork events are certainly not a benefit of BitCoin, but rather a whole program and system that people with a lot of money have come up with in order to win more. I am really bored with this situation and now I want these fork events to come to  end as soon as possible. I hope this will happen soon.

[HelperAdvisorsLLP]

Thank you for info. May be you have some good articles of this?

[Cnut237]

The most common misunderstanding of a hard-fork is that it always results in a new alternative version of the coin - this assumption isn't correct.

Simply a hard-fork is when the rules governing the coin change. Miners can choose to follow the new rules or stick with the old rules.

If everyone follows the new rules, then there is no new coin, the result is simply that the coin continues with the new rules.

However if some miners follow the new rules and some stick with the old rules, then both chains progress, and so a new coin is created (effectively an alternate version of the old coin). Up until this point the chain for both coins is the same, so whatever you hold in the original coin you will also now hold in the new coin. It is this chain split rather than the fork itself that causes the creation of the new coin.

[Tony116]

The hardfork is necessarily only when some founders want to change something inside the crypto. Maybe emission process or mining type and etc. In this case we will get two different blockchains - the original and the modified ones.

[Risotto]

Hard fork is often misunderstood
Hardfork is when a single currency splits into two resulting into an old coin and a new coin
An alternative version of the old coin

[gribble]

Just read some articles about ICO instead hard-fork. But its not enough info

Well if you are talking about the meaning of hard fork related with ICO ( hard fork on ICO) that is updating about the projects of ICO of bugs fixing on the ICO to be more better in the future, the other meaning of hard fork related with the blockchain of digital coins, it is upgrading the new blockchain on the digital coins, so it can makes new coins depending on the community whom support the blockchain, the most popular this hard fork of blockchain for example is ETH and ETC and the other example is BTC and BCH.

[lamadu3]

Well, hard fork in simple words is the situation when the size of the block is enlarged and transactions become faster and safer. Usually the new alt as the result appears. Later it becomes new cryptocurrency and even can be mined. maybe my oppinion is not clear to you - then read
https://www.investopedia.com/terms/h/hard-fork.asp

[cryptotitan]

Hardfork is like an update in your coin,another coin will be created by the forks and the new coin is better than the existing coin.

[gomei]

Hardfork is like an update in your coin,another coin will be created by the forks and the new coin is better than the existing coin.

I do not agree with your comments that the new coin is better than the existing coin, as you can see the many coins are forked from the btc, such bcc,btg and bcd today, I do not think they are better than btc, they just some copies of the btc.

[onrise]

Hardfork is like an update in your coin,another coin will be created by the forks and the new coin is better than the existing coin.

To give you an example the BCH and BTG coins were the new coins when the fork happened and the old coin is BTC. So today which coin has more demand and the price compared to new coins? Its always better to hold your hold coin and get new coin and sell it at higher value and make some quick profits.

[kryptqnick]

Just read some articles about ICO instead hard-fork. But its not enough info

The way I understood it (and I may be mistaken)

When a change to the block chain is needed/wanted, developers do a hardfork. 

Why?  Because the chain resides in many places and cannot be changed simultaneously and instantly.
How?  By making a full copy of the original, then applying the change(s) to the new one.

There are times when the whole community is in agreement (ideal situation) and the fork will just abandon the old and continue with the new/updated version.

IF there is division and both have enough support then both coins from the fork will continue. Usually, owners of the original coin will also receive a 1:1 qty of the new coin.

Hope this helps a bit.

I think you are mostly right. Examples of hard fork are 2 eth forks and 1 bitcoin fork (a long time ago with no split). Generally, when the chain splits in 2 it is a bad situation, because assets split as well and that results in both versions having price drops in comparison with the original version.
Thre is also a soft work way to make changes (some upgrades) on the original chain, which is less risky. Bitcoin segwit was a soft fork, I guess.

[lobo13hf]

Just read some articles about ICO instead hard-fork. But its not enough info

Hardfork just like improvement and in another side that means about to put some new code in the system. Many person against the hardfork caused by that will be against the rules. but these days the people are happy with the hardfork caused by the crypto hardfork was generating money from them all.

[maralet2020]

improvement and burning of money in other coins.