Neutron Mercury Upgrade Scheduled for April 9
Neutron has announced Mercury Upgrade, the network’s most significant update yet. The upgrade will transition Neutron from Cosmos Hub’s Interchain Security to a fully sovereign PoS network.
Key improvements:
— 11x higher throughput
— 18x faster block times (by the end of the year)
— Supervaults – an innovative liquidity provisioning mechanism
— NTRN staking & liquid staking
— Faster user onboarding (under 30 seconds)
— 2x network TVL growth
— $10M liquidity boost
With Mercury, NTRN will become a more attractive asset by offering staking rewards, DeFi utility, and fee rebates while maintaining a fixed supply and ensuring that all network revenue flows into the NTRN DAO.
The Mercury upgrade is set for April 9.
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.
