EOS to Undergo Hard Fork on September 25th
EOS is preparing for the introduction of the Savanna consensus algorithm in the Spring 1.0 upgrade. The EOS Network Foundation has updated the release timing and community testing guidance to ensure a smooth rollout and safe transition. The hard fork is planned for September 25th.
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.
