Tag: hard

What is Soft Money? Definition, Comparison to Hard Money

coiner

Soft money is considered through two different concepts. Firstly and generally speaking, it’s a type of money, like paper currency or fiat money, that stands in contrast with hard money. Hard money has physicality, like gold, silver or any other metal-coined money, or it is hard coded to be scarce, like bitcoin. Soft currency is often used instead of soft money, they are interchangeable in the economic sense as they both refer to a currency that is not backed by a tangible commodity and whose value is based on government…

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BNB Chain hard fork to improve security and compatibility with EVM chains

coiner

Binance’s BNB Chain is set to undergo two hard forks in August 2023 to reduce the possibility of a malicious blockchain reorganization and increase compatibility with other Ethereum Virtual Machine (EVM) blockchain networks. The Plato and Hertz upgrades are scheduled for Aug. 10 and Aug. 30, respectively, following extensive testing. The Plato upgrade, which has already taken place, introduces BEP-126. The latest evolution proposal implements a fast finality mechanism that is expected to rule out the ability for blocks to be reverted. The Plato upgrade was carried out on Aug. 10 at…

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