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| Name | What is Forking? | 1 Minute Crypto | Blockchain Forks Explained | Hard Fork vs Soft Fork |
| Video Uploader | Video From mymoneykarma |
| Upload Date | This Video Uploaded At 25-12-2021 03:00:21 |
| Video Discription | We’re surrounded by information, content and news. Everywhere, all the time. The human mind can only meaningfully absorb a handful of new facts about the world. mymoneykarma filters out the signal from the noise, and helps you understand concepts from the world of crypto within 1 minute. What is mymoneykarma? This channel is dedicated to simplifying the concepts and best practices of Personal Finance through explainers, FAQs, tips, and educational material. We empower viewers to each become a paragon of Intelligent Finance. Founded by a group of Stanford alumni with a strong background in banking and technology, MyMoneyKarma has been revolutionizing the Indian Fintech sector and ushering in the future of personal finance. Committed to a social mission of creating a measurable impact on people’s lives, MyMoneyKarma has empowered millions of people to reclaim control over their finances by addressing the 3 biggest issues and barriers in the sector: Low financial literacy means most people applying for loans, mortgages or credit cards have never checked, nor heard of, their credit scores. By this time, the damage has often been done Low information transparency means it can be difficult to know the best interest rates for each customer’s unique profile, the financial providers that offer the best terms, and how to maximize one’s chances of being approved (where a rejection further worsens the credit score) High effort and hassle means one is too hard-pressed to shop around, try multiple options and find the best fit, instead ending up with sub-optimal decisions and a whole lot of wasted time and sweat MyMoneyKarma’s fully online loan optimization technology helps customers with an extensive range of financial products, delivering the lowest interest rates and comprehensive service at the touch of a button. Apply for a Home Loan @ https://www.mymoneykarma.com/home-loan.html Apply for a Personal Loan @ https://www.mymoneykarma.com/personal-loan.html Get your Credit Score worth Rs. 4300 for Free @ https://www.mymoneykarma.com/credit-score/credit-score.html ______________________________________________________ Get to know and Follow us: https://www.facebook.com/mymoneykarma/ https://www.linkedin.com/organization-guest/company/mymoneykarma https://www.instagram.com/mymoneykarma/ https://twitter.com/mymoneykarma Transcript: Blockchain forks are essentially a split in the blockchain network. The network is an open source software, and the code is freely available. This means that anyone can propose improvements and change the code. The option to experiment like this is a fundamental part of cryptocurrency growth, and also facilitates software updates to the blockchain. Forks are of two kinds - Hard and soft. With a soft fork, only one blockchain will remain valid as users adopt the update. Whereas with a hard fork, both the old and new blockchains exist side by side, which means that the software must be updated to work by the new rules. Both forks create a split, but a hard fork creates two blockchains and a soft fork is meant to result in one. There are a number of reasons why developers may implement a hard fork, such as correcting important security risks found in older versions of the software, to add new functionality, or to reverse transactions, as with the DAO hack on ethereum. There can be periods of increased price volatility around such events. |
| Category | Education |
| Tags | Education Download MP4 | Education Download MP3 | Education Download MP4 360p | Education Download MP4 480p | Education Download MP4 720p | Education Download MP4 1080p |
