BEAM: Hard Fork
The Hardfork to enable smart contracts both in the Beam Node and in the Wallet is planned for around the end of May (+/- a week or two). Wanna guess the HF height and get rewarded by BEAMs? Tweet your guess with $BEAM #BEAMHF3 and your wallet offline address: 100 BEAM will be distributed to the closest guessers!!
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.
