Klaytn to Undergo Hard Fork on December 19th
Klaytn has announced the release of its new version, Klaytn v.1.12.0. This update introduces two hard forks to the platform. The first is the features equivalent to Ethereum Caucun hard fork, and the second is an optional hard fork implementing the Randao on-chain randomness. Hard forks will take place at the block height 141367000 on December 19th at 1:00 UTC.
What is a hardfork?
The cryptocurrency mainnet operates according to certain rules. To improve network performance or correct errors, changes are periodically introduced into it. A hard fork represents changes that are not compatible with previous versions of software supporting the cryptocurrency network. In order to continue to mine the cryptocurrency, miners need to update the software.
In some cases, as a result of a hard fork, a completely new cryptocurrency may appear, as happened with Bitcoin Cash and EthereumPoW.
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