Yet another Bitcoin fork in December or a hoax?

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V4Vendetta

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Joined
Apr 2017
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Reports are emerging of another possible Bitcoin fork as early as December which would allegedly end up with another Bitcoin called Bitcoin Silver. The main purpose is supposedly to help to decentralize mining, adhering to Satoshi's vision of 'one CPU, one vote.' There is very little known about this project thus far and even less known about the team behind the project so time will tell if this is pure hype, a hoax, or the real deal.
 
Joined
Nov 2017
From
India
Lets understand what a fork is and why does it occur ?

Fork occurs when a blockchain diverges into two potential paths forward - either with regard to a network's transaction history or a new rule in deciding what makes a transaction valid
But forks also can be willingly introduced to the network. This occurs when developers seek to change the rules the software uses to decide whether a transaction is valid or not.

Type of Forks
Soft fork: by contrast, is any change that’s backward compatible.
Hard fork: is a software upgrade that introduces a new rule to the network that isn’t compatible with the older software
 
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