Energy Web to Complete Zurich Hardfork
Energy Web has successfully executed the Zurich Hardfork at block 36871700. This milestone marks the beginning of the network’s upgrade rollout, transitioning Energy Web to a permissionless proof-of-stake (PoS) architecture. The upgrade will also enable multichain interoperability, ERC-20 EWT compatibility, liquid staking, and on-chain governance.
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.
