Decentralized Social to Undergo Hard Fork on July 3rd
Decentralized Social is set to undergo the largest upgrade in its history, named Revolution Proof of Stake. This significant update to the DeSo Blockchain is expected to be initiated on July 3rd. The upgrade will enable validator registration, staking, and the introduction of new transaction types.
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.
@desoprotocol
The largest upgrade EVER made to the DeSo Blockchain is coming, and its called Revolution Proof of Stake.
The first fork height is expected on july 3rd and will allow validator registration, staking and support for new transaction types.