Gnosis to Undergo Hard Fork on August 1st
Gnosis has announced that all client updates for node runners are now ready. Node runners are encouraged to update their nodes as soon as possible. This is in preparation for the upcoming Shapella hard-fork, which is scheduled to take place on August 1st.
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.
@GnosisDAO
Last week Gnosis co-founder Martin Köppelmann 🦉💳 announced the launch of Gnosis Pay 🦉💳 and the release of the Gnosis Card at EthCC - Ethereum Community Conference, generating a huge buzz.
Check out Martin's talk at EthCC where he delves into the specifics of Gnosis Pay and walks through a live demo of the Gnosis Card.
🔗https://www.youtube.com/watch?v=wN9qMVkkjx4
Let's jump into this weeks governance summary!
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If you're a node runner ~ all client updates are ready. Update your nodes today! The Shapella hard-fork is fast approaching on August 1st, 2023.
https://twitter.com/gnosischain/status/1677065822324535296