CANTO to Launch Upgraded Version on September 20th
CANTO is set to undergo a significant upgrade to the v.7.0.0 binary on September 20th. This upgrade is expected to introduce the x/onboarding module, which is designed to streamline Canto bridging and automatically convert bridged assets.
Initially, the assets that will be converted include USDC, USDT, and ETH. These will be converted to the Canto EVM as part of the upgrade process. The upgrade is scheduled to take place at 3:30 pm UTC.
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.
@CantoPublic
This upgrade introduces the x/onboarding module to streamline Canto bridging & automatically convert bridged assets (initially USDC, USDT, ETH) to the Canto EVM.
https://github.com/Canto-Network/Canto/releases/tag/v7.0.0