BLOCX. to Undergo Hard Fork in January
BLOCX. is planning a complete rebranding, embodying the spirit of renewal that comes with the start of a new year. Alongside the rebranding, BLOCX. is also planning an enhanced hard fork. This significant update is scheduled to take place in January.
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.