Klaytn to Undergo Hard Fork on March 4th
Klaytn has released version v.1.12.1, which includes important updates and bug fixes. This version also introduces a Cypress mainnet hardfork configuration which will be settled on March 4th at 1:00 UTC. The new version is aimed at improving the overall performance and stability of the Klaytn platform.
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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