I tried to search for my question but found nothing.
So I have been looking for some Forks on other Blockchains, and tbh I wasn't even able to find One single article or anything for the past week.
Also please don't recommend OHM, Wonderland or Klima.
We always hear the word forks so I'm gonna try and explain it in simplest way possible. Buckle up, we're gonna learn some new things today!
First some fancy cookies analogy!
Let us say there is a big wide road and people standing in a line across.
Like this, but imagine a road..I couldn't find an image lol
They all share a big bag of cookies! Once a person find a cookie, they place it on the road and they all take a step forward.
REMEMBER: WHEN A SINGLE PERSON FINDS A COOKIE, THEY ALL MOVE FORWARD A STEP!
They all like chocolate flavour cuz chocolate's good!
Now those people start taking steps and leaving chocolate cookies behind. Everyone is happy and they're all in AGREEMENT.
Soft Forks:
Now they find out that the bag is out of pure chocolate cookies. All the cookies that are left now are chocolate CHIP cookies. Now all those people agree to eat chocolate CHIP cookies. They throw out any OLD pure chocolate cookies they find.
This is a Soft Fork because people who were used to eating pure chocolate cookies have agreed to eat chocolate CHIP cookies. But know that any pure chocolate cookies are always THROWN AWAY!
This is called a Soft Fork because it is Backwards Compatible! People used to eating pure chocolate cookies have AGREED to eat chocolate CHIP cookies.
Simply, A change in cookies doesn't break the AGREEMENT OF PEOPLE!
Hard Forks:
Now imagine people had discovered that the bag also has orange cookies!
Orange is tasty! But in cookies? Bad idea maybe?
Now that they find orange cookies, some people really want to taste that yummy orange cookies. But this is blockchain! All people need to be in AGREEMENT!
So while a group wants to eat orange cookies, another group says orange SUCKS! We still want to eat CHOCOLATE CHIP ONLY!
No group wants to back down. They are NOT in AGREEMENT. So they SPLIT! Chocolate chip group keep eating CHOCOLATE CHIP while the other group of people START EATING ORANGE COOKIES!
This is a Hard Fork! The Blockchain SPLITS! People divide onto different roads.
[The blockchain or the road splits!](https://preview.redd.it/2wrgjtrj6nt71.jpg?
... keep reading on reddit ➡So I just watched a video explaining algorand. Apparently, the Algorand Blockchain cannot fork, why is the useful? Also how does Algorand update itself like coming out with Algorand 2.0 if you cannot hard fork? Finally, does Algorand have any scaling plans in the future to compete with Cardano, Polkadot etc? It seems like Algorand is limiting itself to about 1000 txs per second, but most blockchains are aiming for hundreds of thousands instead. How will Algorand compete?
Trying to get some technical information about something way above my understanding.
If someone develops their own Ethereum-fork blockchain and releases their own coin, what are some options for allowing for trading among the public?
Most major centralized exchanges either won't list a new Coin or require a lot of documentation which takes a while to gather, and they may charge significant fees or have other requirements.
Is the best first step just listing with a sketchy centralized exchange to get things rolling? Can you fork a DEX relatively easily to work for your Coin? What are the commonly employed solutions for startups?
Appreciate any insight and hope this is explained clearly as I am just learning.
The Koinos blockchain will be the benchmark for future Blockchains thanks to its revolutionary infinity potentials.
- Everything is developer and business friendly
- Write in your own script language
- Free accounts
- Multi-language Smart Contracts
- Its Fee-less
- Vertical Scalability
- Modular Upgradeability
- Microservices
- Decentralized
- No Hardfork
- No ICO
- No Pre-mine
- Testnet=Live / Q4 Mainnet
The multiverse that we live in is just one big Blockchain, each part of the Blockchain is just another variant of the universe we live in. Every time there is a nexus event it creates something we all know called a soft fork or a hard fork. We are living in the Blockchain martix
Someone's gotta start a new project and onboard all these helium hotspots out there.
I'm only half joking. Still, it's a possibility.
- Everything is developer and business friendly
- Run Koinos under 2 minutes
- Write in your own script language
- Free accounts
- Multi-language Smart Contracts
- Its Fee-less
- Vertical Scalability
- Modular Upgradeability
- No Hardfork
- No ICO
- No Pre-mine
- Testnet=Live / Q4 Mainnet
Check Reddit page for updates
r/Koinos
https://coinmarketcap.com/nl/currencies/koinos/
Our mission is to empower people through ownership of their digital selves and blockchain is the most promising technology for accomplishing this mission. Blockchain-based applications can add value to people’s lives in an infinite variety of ways but building such applications is far too difficult, time consuming, and expensive. In order to accomplish our mission we need to dramatically expand the quantity of blockchain powered applications in existence, and the number of people capable of using those applications, which is why we are building a brand new blockchain from the ground up to make it fast, easy, and affordable to build blockchain-based applications that are capable of delighting users.
The Blockchain When it launches the Koinos mainnet will be a fast and fee-less blockchain that enables developers to create an unlimited number of free accounts for their users. Koinos won’t just lower the barriers to entry, it will obliterate them and open up blockchain applications to an order of magnitude more users. At OpenOrchard we are developer obsessed which is why Koinos will enable developers to use the programming languages they already know and love thanks to WASM integration. Koinos will start with C++ support, followed soon after by typescript, and then whatever programming languages developers want most like .net and Go. Thanks to these features, Koinos will deliver an unparalleled experience to both developers and their users, but that won’t launch for another 6 months, so what have we been doing up until now?
The Framework We have built a brand new, high performance, vertically scalable, blockchain framework which can acquire any feature through smart contract modules running in the virtual machine. Because these smart contracts can be upgraded in-band, any behavior can be added to the blockchain without requiring a hardfork. This unlocks a new capability we call “modular upgradeability” which resolves one of the biggest challenges facing existing blockchains; how difficult they are to upgrade.
Modular Upgradeability Modular upgradeability enables us to rapidly add dif
... keep reading on reddit ➡What do you guys think of it?
The Koinos blockchain will be the benchmark for future Blockchains thanks to its revolutionary infinity potentials.
- Everything is developer and business friendly
- Write in your own script language
- Free accounts
- Multi-language Smart Contracts
- Its Fee-less
- Vertical Scalability
- Modular Upgradeability
- Microservices
- Decentralized
- No Hardfork
- No ICO
- No Pre-mine
- Testnet=Live / Q4 Mainnet
Also check the reddit page for the latest developments
r/Koinos
https://coinmarketcap.com/nl/currencies/koinos/
Koinos.io
Our mission is to empower people through ownership of their digital selves and blockchain is the most promising technology for accomplishing this mission. Blockchain-based applications can add value to people’s lives in an infinite variety of ways but building such applications is far too difficult, time consuming, and expensive. In order to accomplish our mission we need to dramatically expand the quantity of blockchain powered applications in existence, and the number of people capable of using those applications, which is why we are building a brand new blockchain from the ground up to make it fast, easy, and affordable to build blockchain-based applications that are capable of delighting users.
The Blockchain When it launches the Koinos mainnet will be a fast and fee-less blockchain that enables developers to create an unlimited number of free accounts for their users. Koinos won’t just lower the barriers to entry, it will obliterate them and open up blockchain applications to an order of magnitude more users. At OpenOrchard we are developer obsessed which is why Koinos will enable developers to use the programming languages they already know and love thanks to WASM integration. Koinos will start with C++ support, followed soon after by typescript, and then whatever programming languages developers want most like .net and Go. Thanks to these features, Koinos will deliver an unparalleled experience to both developers and their users, but that won’t launch for another 6 months, so what have we been doing up until now?
The Framework We have built a brand new, high performance, vertically scalable, blockchain framework which can acquire any feature through smart contract modules running in the virtual machine. Because these smart contracts can be upgraded in-band, any behavior can be added to the blockchain without requiring a hardfork. This unlocks a new capability we call “modular upgradeability” which resolves one of the big
... keep reading on reddit ➡)
