Core Mainnet to Undergo Theseus Hardfork on June 25
Core Builders have confirmed the activation of the Theseus Hardfork on Core mainnet for June 25 at 8:00 AM UTC. The upgrade will introduce a set of protocol-level improvements and is essential for node operators, developers, and users to follow.
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.