Contents
HARD FORK
A hard fork is a result of a diversion in a blockchain. The diversion that occurs happens when there is a proposed change in an existing blockchain and some of the participants do not agree or accept the changes. The changes that are proposed are due to some discrepancies in the existing coin. Nowadays for cryptocurrency trading, crypto trading bots are being used a lot. Therefore, you can read Zenbot reviews here. The change might or might not be accepted when the split result is a hard fork. The hard fork creation leads to two paths, the one is the newly formed blockchain and the other is the old blockchain that brought from itself the new one.
The network protocol is changed when a hard fork occurs. In a blockchain all the information related to the parties and their transactions is recorded and when a change is thought to be brought then a hard fork is made. When such change is made, the software is also updated to the new one and all the previous transactions become unauthorized and any further transactions done will also become invalid due to the change. But if in future the user wants to use the fork then he can provide upgrades to the new version with the new software. You can also take the reference from the Yuan Pay App to clarify your doubt as per your requirements.
AIRDROP
Airdrop is a way of dispersing crypto tokens to any person for free most of the time. It is a tactic of drawing the attention of the crypto users to sell the tokens for free so that due attention is fetched with a substantial number of users. This is done to gain a base that is large and more coins are distributed in the market. In an airdrop, the new currency that has been formed is without any third party submitted into the investor’s wallet. If there is a fork then an airdrop is used as a medium to send the currency directly to the wallet of the user.
- Airdrop deals with “delivery of a cryptocurrency” to a specified bunch of people investing in cryptocurrency while in hard fork there is an altogether new formation of a cryptocurrency when a change in the protocol of a network is not accepted by a group of people and the blockchain splits.
- Secondly, an airdrop gives a back or recognition of the currency or token that has been newly formed. While in the other case a new currency is formed due to the unagreed split.
- In an airdrop currency formation, the currency or token that comes into life has a different base and is not related or matched with any cryptocurrency while in a hard for the new token emerges out of the same base due to some proposed changes.
- When there is a fork, all old transactions become invalid as a result of the change in the blockchain while in airdrop the coin is distributed to users for free.
- The airdrop method is a way of gaining the attention of the people so that they invest in it for free while a fork is a change in a currency that might need an upgrade to the network.
CONCLUSION
Hence, the topic has been granted a brief and easy article that pertains to the difference between an airdrop and a hard fork. Both the mechanisms are used in cryptocurrency and work on their terms. I hope the articles have provided all the necessary information relating to both these terms and their differences. Hope it gave a wider perspective concerning both the terms and how they both are different from each other.
