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dYdX to Undergo Hard Fork on July 25th
dYdX has announced that a software upgrade will be implemented at block 21,420,000 if a certain proposal is approved. This block is projected to be created on July 25th at 14:35 UTC.
Event date: July 25, 2024 14:35 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
@dydxfoundation
The upgrade will include performance optimizations, Slinky update, and vault UX improvements.
More info in the release notes👇
https://github.com/dydxprotocol/v4-chain/releases/tag/protocol%2Fv5.1.0
More info in the release notes👇
https://github.com/dydxprotocol/v4-chain/releases/tag/protocol%2Fv5.1.0
dYdX Foundation 🦔
@dydxfoundation
@dydxfoundation
If the proposal passes, the software upgrade will execute at block 21,420,000. This block is estimated to be created on jul 25th 2024, 14:35 UTC (based on 1.243s block time)
Real-time estimate for this block creation can be viewed here 👇
https://www.mintscan.io/dydx/block/21142000
Real-time estimate for this block creation can be viewed here 👇
https://www.mintscan.io/dydx/block/21142000
DYDX Price Changes After Event Publication
3.40%
1 day
4.76%
2 days
47.76%
Now (Added 6 months ago)
The event is about to begin
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Jul 20 18:08 (UTC)
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