Bybit
Mining glossary
- AML (Anti-Money Laundering)
- ASIC
- Atomic swap
- Austrian School of Economics
- Batching
- Bitcoin Address
- Bitcoin Client
- Bitcoin Core
- Bitcoin Improvement Proposal (BIP)
- Bitcoin Network
- Block
- Block Header
- Block Height
- Block Reward
- Blockchain
- BTC
- Bubble
- Chain Reorganization
- Coinbase Transactions
- CoinJoin
- Confirmation
- Cryptocurrency Mixer
- Cryptography
- DAO (Decentralized Autonomous Organization)
- DCA (Dollar-Cost Averaging)
- DEX (Decentralized Exchange)
- Difficulty of Bitcoin
- Digital Signature
- Distributed Ledger
- Don’t Trust, Verify
- Double Spend
- Dust
- DYOR (Do Your Own Research)
- Encryption Algorithm
- Exchange
- Exchange Volume
- Extended Public Key (xPub)
- Fear of Missing Out (FOMO)
- Fiat
- Flippening
- FORK
- FUD
- Genesis Block
- Graphics Processing Unit (GPU)
- Halving
- Hard Fork
- Hash
- Hash Rate
- Hashing
- HODL
- Hyperbitcoinization
- Inflation
- Initial Block Download (IBD)
- Intrinsic Value
- Know your customer (KYC)
- Layer 2
- Light Client
- Lightning Network
- Margin Trading
- Market Depth
- Mempool
- Miner
- Mining
- Mining Pool
- Mt. Gox
- Multisignature
- NFT (Non-Fungible Token)
- Nocoiner
- Node
- Nonce
- Not Your Keys, Not Your Coins
- Off Chain
- On Chain
- Operations Security (OPSEC)
- Orphaned Block
- Payment Channel
- Peer-To-Peer (P2P)
- Precoiner
- Private Key
- Proof of Keys
- Proof of Work (PoW)
- Protocol
- Public Key
- Public Key Cryptography
- QR Code
- Recovery Seed Phrase
- Rekt
- Sat
- Satoshi Nakamoto
- Schnorr Signature
- Segregated Witness (SegWit)
- SHA-256
- Shitcoin
- Sidechain
- Signature
- Smart Contracts
- Soft Fork
- Testnet
- To The Moon
- Transaction
- Transaction Fee
- Unconfirmed Transaction
- Unspent Transaction Output (UTXO)
- UTXO Set
- Virgin Bitcoin
- Wallet
- XBT
- Zero Confirmation Transaction
- Zero-Knowledge Succinct Non-Interactive Argument of Knowledge (zk-SNARK)
Soft Fork - what is it?
A soft fork is one of the options for updating a cryptocurrency network, in which certain changes are made to the source code. Simply put, a soft fork changes the data encryption protocol, causing some previously valid blocks to be no longer valid. Unlike a more stringent mode (hard fork), a soft fork requires confirmation from several or most nodes to update and agree on a new version of the network. With a soft fork, there is no chaotic effect. Once the changes are implemented, new and old nodes recognize the new blocks, ensuring agreement and consensus across the entire blockchain.