Hey - I'm the founder of CryptCoinTrader. I live and work near London, UK as a software developer.
I'm really interested in blockchain technologies and started this forum to discuss all the new things emerging from the world of cryptocurrency.
Hope you enjoy the forum. Always love to hear posts from other people.
Posts made by joes
RE: How can we explained "hard fork" to a layman understanding?
@citycrypto My tuppence:
A soft fork is basically just like a software update. Bitcoin has already had many soft forks - but this should not affect users of the system.
A hard fork is a clean break from the original project and effectively creates a new project and new blockchain (e.g. Bitcoin Cash, Ethereum Classic, Bitcoin Gold etc). At the point of the hard fork, the code from the original project is copied intact but the new project is then free to modify the protocols and software however it likes. In doing so, the two projects are now incompatible and have to run separately as individual projects.
RE: How can we deferential between a coin and a token?
A coin is supposed to represent a unit of value of a cryptocurrency (which has its own blockchain).
A token represents a share in some kind of business or project and must be created using some kind of base crypto platform e.g. Waves, Ethereum, Neo etc.
However, you are right - these terms often get used interchangeably.
RE: Verge hacked again
More info on the attack here: https://blog.theabacus.io/the-verge-hack-explained-7942f63a3017
RE: Crypto-Potential: cryptocurrency tracking index
Looking good mate.