ALEX Lab to Undergo Hard Fork on August 28th
ALEX Lab has announced that the final code for the Nakamoto rollout will be shipped on August 28th. This marks the opening of the activation window for operators. They will have one stacking cycle, which is 92 days, to upgrade their systems. The final hard fork block number will be selected after a successful signer handoff and once Nakamoto is live. Following this, the launch of sBTC is expected to occur approximately four weeks later.
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.
@alexlabBTC
🔸 Final code ships on aug 28, activation window opens.
🔸Operators have one stacking cycle (92) to upgrade.
🔸Final hard fork block number will be selected after a successful signer handoff and Nakamoto goes live!
🔸sBTC launch follows ~4 weeks