What is a fork? What is the difference between a client fork and a network fork? How do hard forks create new coins? What are examples of consensus forks? Does Bitcoin ever go down for maintenance? How does the community come to consensus, particularly regarding soft forks?
Chapters
0:00 What is the difference between a fork of the Bitcoin Core reference client and a fork of the Bitcoin network?
2:34 Why is a new currency created when forks happen? Why can't we keep using the bitcoin currency on the new protocol, even if it's a fork?
4:08 Was Bitcoin Unlimited a separate blockchain because the nodes accepting bigger block sizes would have been banned by the nodes operating on Bitcoin Core?
5:45 Does the bitcoin network ever go down for maintenance or a system upgrade?
7:04 How does the community come to consensus about changes in the rules, particularly soft forks?
These questions are from the MOOC 9.5 session which took place on March 16th, 2018. Andreas is a teaching fellow with the University of Nicosia. The first course in their Master of Science in Digital Currency degree, DFIN-511: Introduction to Digital Currencies, is offered for free as an open enrollment MOOC course to anyone interested in learning about the fundamental principles.
If you want early-access to talks and a chance to participate in the monthly live Q&As with Andreas, become a patron:
https://www.patreon.com/aantonopRELATED:
Forkology: A Study of Forks for Newbies -
https://youtu.be/rpeceXY1QBMWhat is Consensus: Rules Without Rulers -
https://youtu.be/2tqo7PX5PycDecentralized Truth -
https://youtu.be/XCVaabu3J04The Lion and the Shark: Divergent Evolution in Cryptocurrency -
https://youtu.be/d0x6CtD8iq4What happens during a fork? -
https://youtu.be/XBk8hBJ1xVoLessons from the Ethereum hard fork -
https://youtu.be/hnAWAVNnGCwHard forks and the cultural mulligan -
https://youtu.be/KT-7APasANIThe dangers of hard forks in protocol evolution -
https://youtu.be/vxEHRvhJKvAHonest nodes and consensus -
https://youtu.be/KAhY2ymI-tgWhy running a node is important -
https://youtu.be/oX0Yrv-6jVsHow do I choose a wallet? -
https://youtu.be/tN6b62sEpsYSegWit adoption -
https://youtu.be/KCsTVTRk6I4How do I secure my bitcoin? -
https://youtu.be/vt-zXEsJ61UAirdrop coins and privacy implications -
https://youtu.be/JHRnqJJ0rhcInflation and debt systems -
https://youtu.be/6CwxHiKf27ATheDAO: Why failure is a necessity for learning -
https://youtu.be/2KZTx8IYc9sAndreas M. Antonopoulos is a technologist and serial entrepreneur who has become one of the most well-known and respected figures in bitcoin.
Follow on Twitter: @aantonop
https://twitter.com/aantonopWebsite:
https://antonopoulos.com/He is the author of two books: “Mastering Bitcoin,” published by O’Reilly Media and considered the best technical guide to bitcoin; “The Internet of Money,” a book about why bitcoin matters.
THE INTERNET OF MONEY, v1:
https://www.amazon.co.uk/Internet-Money-collection-Andreas-Antonopoulos/dp/1537000454/ref=asap_bc?ie=UTF8[NEW] THE INTERNET OF MONEY, v2:
https://www.amazon.com/Internet-Money-Andreas-M-Antonopoulos/dp/194791006X/ref=asap_bc?ie=UTF8MASTERING BITCOIN:
https://www.amazon.co.uk/Mastering-Bitcoin-Unlocking-Digital-Cryptocurrencies/dp/1449374042[NEW] MASTERING BITCOIN, 2nd Edition:
https://www.amazon.com/Mastering-Bitcoin-Programming-Open-Blockchain/dp/1491954388Subscribe to the channel to learn more about Bitcoin & open blockchains!
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