Horizen to Undergo Hard Fork on June 10th
Horizen is set to undergo the EON 1.4 Gobi testnet hardfork on June 10th at epoch 2274, which is 9:21 am UTC. This upgrade introduces several new features. One of the key updates includes a new stake management system that supports the distribution of rewards to delegators via a smart contract.
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.
@horizenglobal
There is a lot to unpack with this upgrade, so we wanted to highlight a few new items:
- New stake management with support of rewards distribution to delegators via smart contract.…