Leviar XLC: Hard Fork V8/V9
November 5th, 2018 — Fork:
- Max transaction size at half the penalty free block size
- Bulletproofs enabled.
- Algorithm will be changed into Cryptonight Variant 2.
November 6th, 2018 — Fork:
- Bulletproofs required
- Min ring-size 1 (active until next fork), default ring-size 11
Why two forks?
Since the November 6th fork will require bulletproof for transactions, this delay will give time to non-bulletproof TXs to be confirmed.
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.