dYdX to Undergo Hard Fork on January 29th

Name: Hard Fork
Start: 2024-01-29T18:10:00Z
End: 2024-01-30T18:10:00Z

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dYdX has announced that a software upgrade will be implemented at block 7,147,832 on January 29th at 18:10 UTC, based on a block time of 1.056 seconds.

Event date: January 29, 2024 18:10 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.

dYdX Foundation 🦔
@dydxfoundation

This version upgrade will introduce improvements such as ICA account support, enhancements in liquidations daemons, the ability to wind down markets, and the deprecation of non-linear margin requirements 🛠️

More info in the release notes👇
https://github.com/dydxprotocol/v4-chain/releases/tag/protocol%2Fv3.0.0-rc0

dYdX Foundation 🦔
@dydxfoundation

If the proposal passes, the software upgrade will execute at block 7,147,832. This block is estimated to be created on january 29 at 18:10 UTC (based on 1.056s block time).

Real-time estimate for this block creation can be viewed here 👇
https://www.mintscan.io/dydx/block/7147832

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