Soft forks are backward compatible — users are not required to upgrade their software clients in order to stay on the network with the new rules.
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While new altcoins can also be created in this manner, there is almost always a new, initial distribution of tokens via a crowdsale, mining, or some other mechanism.
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A hard fork of Bitcoin will preserve the distribution of bitcoins from the point at which the fork takes place.
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So what is the difference between a hard fork and an altcoin.
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You can follow Kyle on Twitter, send him an email, sign up for his daily Bitcoin newsletter, or visit his personal website.Where Things Get Weird The differences between altcoins and hard forks get a bit blurry when a contentious hard fork takes place.By Kyle Torpey - February 28, 2017 6721 0 Share on Facebook Tweet on Twitter The general way in which rule changes have been made to Bitcoin so far is through the use of soft forks, specifically the process outlined in BIP 9 (at least these days).Ver Backed Qtum Founder Ran Previous ICO Scam. By. Ian Demartino-.The 2017 AFP Liquidity Survey found that organizations have no plans to put.