BitShares BTS: Gate.io Supports BTS Hard Fork
According to BTS official, in order to adhere to the DPOS consensus and maintain DEFI credit, while protecting the interests of investors and avoiding impacts on the stability of the existing BTS network, BCA decided to fork BTS. The fork will be uted at 1:55 PM GMT on September 10th, 2020. The new coin symbol is "NBS" and will be named "New BitShares.
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.