EOS to Undergo Hard Fork on July 31st

Name: Hard Fork
Start: 2024-07-31T00:00:00Z
End: 2024-08-01T00:00:00Z

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EOS is set to undergo a significant update with the Leap 6 hardfork taking place on July 31st. This update will introduce the Savanna consensus algorithm, a new feature that is expected to enhance the functionality of the EOS blockchain.

Event date: July 31, 2024 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.

EOS Network Foundation
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News is spreading fast about the upcoming Leap 6 Hardfork on #EOS which features the Savanna consensus algorithm 📣

Check out the coverage from CoinDesk below 📰👇

https://www.coindesk.com/tech/2024/02/17/protocol-latest-tech-news-crypto-blockchain/

EOS Price Changes After Event Publication

EOS Events on the Chart

3.76%

1 day

4.43%

2 days

17.54%

Now (Added 10 months ago)

The event is about to begin