dYdX to Release dYdX v.4.0 Upgrade on April 8th
dYdX has initiated an on-chain vote for its community. The vote is regarding the potential upgrade of the dYdX Chain protocol software to version 4.0. The voting process will conclude on April 5th at 16:05 UTC. If the proposal passes, the software upgrade will execute at block 12,791,712. This block is estimated to be created on April 8 at 5:54 UTC (based on 1.039s block time).
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.
@dydxfoundation
🗳️ #46 Should the dYdX Community upgrade the dYdX Chain Protocol Software to v4.0?
Vote ends april 5, 2024, 16:05 UTC
https://www.mintscan.io/dydx/proposals/46
Proposal summary🧵👇