A hard spoon is a protocol that operates above a blockchain.
Get to Know with Spoon (Blockchain)
A spoon is a unique type of blockchain fork where a fresh cryptocurrency inherits the account balances of an existing one. It enables a new project to incorporate its own enhancements into the previous software, all while allowing users of the existing protocol to stay engaged.
Implementation Difficulty
Spooning projects aim to entice users and developers from an established platform and are generally cooperative rather than contentious in nature. Nonetheless, they are relatively uncommon in the blockchain industry due to their somewhat difficult implementation process.
Difference from Hard Fork
Unlike the more prevalent hard fork, a spoon differs in both its essence and objective. While most hard forks are marked by disputes, spoons prioritize collaboration. Additionally, hard forks utilize the same token as the existing chain, whereas spoons merely replicate balances and introduce a different custom token for their operations.
Moreover, hard forks typically aim to take over market share and dominance from an existing platform, whereas spoons complement the technical capabilities of the projects they replicate balances from.
Conclusion
Ethereum, owing to its expansive user base and developer community, stands out as the most favored protocol for spooning. Prominent examples include Athereum and Cosmos, both of which took snapshots of the Ethereum blockchain to record and migrate account balances onto their new networks.
Notably, these networks maintain compatibility with the Ethereum mainnet in various aspects while also introducing their own enhancements and functionalities. Despite replicating balances, they operate with their own tokens distinct from ETH.
Also Read
What is a Soft Fork (Blockchain)?
DISCLAIMER: This article is informational in nature and is not an offer or invitation to sell or buy any crypto assets. Trading crypto assets is a high-risk activity. Crypto asset prices are volatile, where prices can change significantly from time to time and Bittime is not responsible for changes in fluctuations in crypto asset exchange rates.
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