Harmony to Undergo Hard Fork on June 20th
Harmony is set to implement a hard fork at epoch 1976, which is scheduled for June 20th, at 00:06:49 UTC. The purpose of this hard fork is to address an issue related to the maximum rate of validators. This update will introduce a uniform validator rate check, which is expected to maintain the integrity of the network and secure the funds.
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.
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