AIOZ Network to Undergo Hard Fork on March 6th
AIOZ Network has announced that it will be undergoing an upgrade and hardfork to version 1.5.0 on March 6th, at 08:00 UTC. This upgrade is expected to introduce new features while ensuring the network’s performance remains optimal.
The new features include a cron module for on-chain task scheduling, a burn module for automated token burning, a transaction fee-burning mechanism, and enhanced system stability and security. During this process, the AIOZ Web Wallet will be temporarily paused.
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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TLDR and important info below👇🏻
The v1.5.0 Upgrade & Hardfork unlocks new features whilst maintaining optimal network performance:
✅ "Cron" module for on-chain task…