Hedera to Upgrade Mainnet to Version 0.54 on October 23rd

Name: Mainnet Upgrade 0.54
Start: 2024-10-23T17:00:00Z
End: 2024-10-24T17:00:00Z

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Hedera will be upgrading its mainnet to version 0.54 on October 23 at 17:00 UTC. The upgrade is expected to take approximately 40 minutes, during which users may experience some disruption to network services.

Event date: October 23, 2024 17:00 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.

Hedera Status
@hashgraph

Scheduled (oct 23, 2024, 17:00 UTC): Hedera will be upgrading Hedera mainnet to v0.54 on Wednesday, October 23 2024 at 17:00 UTC. The upgrade will take approximately 40 minutes to complete, users should expect some disruption to netwo… https://status.hedera.com/incidents/l4pzp4k6dn8z?u=6zsk9r6sg4c8

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