Pocket Network to Undergo Shannon Hard Fork on June 3rd
Pocket Network plans to activate the Shannon hard fork on June 3rd at 18:00 UTC, concluding an estimated two-year development period.
The upgrade will broaden the protocol’s capability to serve multiple categories of open data—spanning blockchain, artificial intelligence and banking transactions—thereby establishing a more versatile decentralised data infrastructure.
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.
