Hardfork bit BIP



Summary:

The security of low-confirmation transactions sent to Simplified Payment Verification (SPV) wallets is impacted more by soft forks than hard forks. This is contrary to the belief that normal version numbers only suggest soft forks, which are usually not a concern for SPV clients. It is argued that even though many users and businesses prioritize convenience over security, transaction validation rule changes are still a significant concern for lightweight clients.


Updated on: 2023-06-11T03:35:38.499786+00:00