Flow to Upgrade Network on November 8th
Flow is set to undergo a network upgrade on November 8th. The upgrade is expected to bring several enhancements to the network. These include the introduction of randomness on-chain, improved performance for decentralized applications (dApps), and increased network resilience and security.
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.
@flow_blockchain
This upgrade includes multiple improvements, such as:
🎲 Randomness On-Chain
⚡️ Improved performance for dApps
💪 Increased network resilience & security
And more! This will happen at 8am PT, November 8th. Details in the 🧵⤵️