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A soft fork refers to a change in the software protocol of a blockchain that’s backward compatible with older nodes, meaning that older nodes can still recognize new blocks as valid.
Soft forks can happen at any given time. Miners who don’t upgrade to the latest version of the software can still proceed with their transactions. This is because all blocks in the latest soft fork are based on old rules, thereby allowing previous clients to continue accepting them.
Some examples of soft forks include Bitcoin’s addition of the P2SH, and the adoption of SegWit.
It is possible to reverse soft forks. However, the only way to do so is to undertake a hard fork, which is a more drastic and permanent shift in a blockchain’s protocol.
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