A fork means applying changes, according to which the blocks are validated, to a blockchain’s program code.
After a soft fork, the new blocks of transactions are changed without rewriting the very rules of forming the chains of blocks. The network’s nodes running on the old software will still consider new transactions valid; hence, the integrity of the chain of blocks that include transactions will not be violated.
A hard fork implies changing the very consensus algorithm by splitting the network into two incompatible parts. This happens since blocks validated in one of the parts will not be validated in the other. Thus, once a hard fork occurs, it is mandatory that all users or nodes update to the latest version of a protocol software.
The most popular cryptocurrencies that emerged from the Bitcoin network’s hard forks are Bitcoin Cash and Litecoin; as for the Ethereum network, it is Ethereum Classic.
Bitbns (think ‘BITcoin Buy N Sell’) is the fastest and easiest way to trade any digital coin in India.
Bitbns is a young company with a colossal vision of creating the best digital assets exchange. Made first appearance as a digital assets trading platform with Bitcoin flash sale on 19th December, 2017. Since then, they have launched more than 15 digital assets.
- Rs. 100 would be credited to Bitbns wallet, when the invited user does the trading of worth Rs.1500.
- The balance earned via this program can be used only against the trading fee on Bitbns transactions
- The Trading fee will be automatically deducted from the Bitbns wallet on successful transactions, from the remaining wallet balance.
- The referral program is limited to desktop and mobile browser only. i.e. if you refer a user via Mobile apps, it will not be considered as eligible referral.
Why Bitbns? Sign up Free
Safe and Secure – High grade security for all your transactions.
No Account charges – No charge for creating and holding money (or currencies) in your account.
Automated Buy and Sell – You can specify the price of Bitcoin to buy or sell. The trade happens whenever there is a seller/buyer who wants to trade at that price.
UPI for instant deposits – Deposit your money within minutes using your favourite UPI app—Tez, PhonePe, Bhim or Paytm. No more waiting for hours or days using NEFT.
Trustworthy and Verified Network – All our members go through KYC, PAN card and rigorous ID proof verification on sign up
Reliable Customer Support –If things go wrong, contact our team in any channel—from Telegram to Reddit. We’ll respond to your issues immediately.
Disclaimer: Trading in cryptocurrencies are subject to market, technical and legal risks. The prices fluctuate based on local demand and supply.