Hard Fork definition
Hard Fork means a permanent divergence in the blockchain (e.g., when non-upgraded nodes cannot validate blocks created by upgraded nodes that follow newer consensus rules, or an airdrop or any other event which results in the creation of a new token).
Hard Fork means a software update implemented to a blockchain protocol that is incompatible with the existing blockchain protocol, causing a permanent split into two separate blockchain protocols that run in parallel.
Hard Fork means a blockchain software upgrade that is not compatible with
Examples of Hard Fork in a sentence
If Borrower fails to transfer the New Tokens as and to the extent directed by L▇▇▇▇▇ within 30 days following the applicable Hard Fork or Applicable Airdrop, such failure will be considered an Event of Default hereunder.
If Lender elects to receive such New Tokens, Borrower shall promptly, and in any event within five days following the applicable Hard Fork or Applicable Airdrop, transfer such New Tokens to a Digital Currency Address designated by Lender or as otherwise directed in writing by Lender.
In the event of a Hard Fork or an Airdrop in the blockchain for any Loaned Currency or Collateral, any affected outstanding Loans will not be automatically terminated.
More Definitions of Hard Fork
Hard Fork means a material divergence in the relevant Digital Asset’s Digital Asset Transaction Ledger that occurs when nodes which have not been upgraded to a revised validation protocol, as determined in Lending Service Provider’s reasonable discretion.
Hard Fork means a substantial software modification to the public transaction ledger of the peer-to-peer Bitcoin computer network (or other similar computer network for other Digital Assets, the “Blockchain”) which results in two or more competing Blockchain implementations, one running the pre-modification software program and the other running the modified version (i.e., a second Bitcoin network (or other similar computer network for other Digital Assets) or other event that results in the creation of a new coin of digital currency).
Hard Fork means a blockchain software upgrade that is not compatible with previous versions of the blockchain software and requires all users to upgrade to the latest version of the blockchain software.
Hard Fork means a disagreement among participants of the distributed ledger resulting in a split into two or more incompatible versions of such distributed ledger, and which results in the tokens recorded in the distributed ledger being duplicated (one version of the tokens remaining on each version of the distributed ledger).
Hard Fork means a substantial software modification to the public transaction ledger of the peer-to-peer Bitcoin computer network (the “Blockchain”) which results in two or more competing Blockchain implementations, one running the pre-modification software program and the other running the modified version (i.e., a second Bitcoin network or other event that results in the creation of a new coin of digital currency).
Hard Fork means, with respect to a Crypto Asset, the splitting of the protocol applicable to that Crypto Asset, which results in (i) two or more Blockchains which are technologically incompatible with each other and (ii) two or more Crypto Assets being available for trading simultaneously, one being native to the original Blockchain that existed immediately prior to the aforementioned protocol split (the “Original Crypto Assets”), and one or more relating to the new Blockchain(s) resulting from such protocol split (“New Crypto Assets”).
Hard Fork means a substantial software modification to the Blockchain which results in two or more competing and incompatible Blockchain implementations, one running the pre-modification software program and the other running the modified version (i.e., a second “Bitcoin network”).