It appears that we a new hot term in crypto world – hard spoon.
It operates in a very different manner than a hard fork. It is a concept that may become more common with time, even though it remains to be seen how much value this approach brings to the crypto community and innovation.
It is important to understand what this concept is, in order to acknowledge what is really going to happen.
Hard spoon was a term Jae Kwon, Founder and CEO of Tendermint, invented. From his words this is what it means:
What is a Hard Spoon
“Hard spoon: a new chain that takes into account state from an existing chain; not to compete, but to provide broad access.” — Jae Kwon
A hard spoon occurs when a new cryptocurrency is minted by replicating the account balances of an existing cryptocurrency. In the recent case of Cosmo and OMG, they are hard spooning Ethereum by taking the account balances of existing Ethereum holders, replicating those values, and pegging them within our Ethermint VM zone. This means that ETH holders will have their coins replicated in this EVM zone and will be redeemable as fee tokens within Ethermint. Ethermint will be our hard spoon of Ethereum.
So, a hard spoon is a new blockchain that relies on the state of an existing blockchain and takes blocks and balances into account.
Moreover, the existing balances ported over to the new VM can be used as free tokens within Ethermint itself. It is an interesting approach which may not make much sense to people not showing any interest in Ethermint, but it will still be interesting to see how this venture plays out in the long run.
According to the team, a hard spoon can best be described as a meta-protocol on top of a blockchain to create a token which inherits the blockchain’s underlying token balances. It is a concept which was first proposed by Vitalik Buterin, although most people overlooked his comment at the time, by the look of things.
“A hard spoon is a meta-protocol on top of a blockchain creating a token that inherits the blockchain’s underlying token’s balances. The idea of a soft spoon would be to create two competing *branches of a protocol* within *the same blockchain.*” — Vitalik Buterin
Critically, a hard spoon is non-contentious. New team does not want to compete with or take market share from Ethereum. However, with a hard spoon, new teams do intend to invite the Ethereum development community onto their platform, as they offer performance boosts that complement Ethereum.