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What is Hard-Fork

Chapter 10
Recent Advances and Applications in Alternative Investments
In a hard-fork the Blockchain results to a permanent divergence from the previous version of the Blockchain, though the latter still operates along the old path. This essentially creates two Blockchain, and the nodes who endorse the disagreement can upgrade to the new version while the others can continue to follow the old one.
Published in Chapter:
Innovation Finance Beyond Bitcoin: Cryptocurrencies as Alternative Investments
Dimitrios Koutsoupakis (National and Kapodistrian University of Athens, Greece)
Copyright: © 2020 |Pages: 39
DOI: 10.4018/978-1-7998-2436-7.ch010
Abstract
Over the past two decades, the diffusion of technological innovations introduced to the finance industry has been inconceivable. Internet, at the end of the 20th century, brought e-commerce, later e-payments, and more recently, e-money. Such innovations in digital world increase the impact on the business world, and so might do cryptocurrencies, currently spreading out across the globe. To this end, this chapter builds up an across-the-board synthesis of current investment trends and analysis, aiming to lead a way forward for research on this uncharted breed of alternative finance assets looming anew.
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