Qtum to Undergo Hard Fork on January 12
Qtum has issued a reminder that its next hard fork is expected to take place around January 1. The upgrade will align Qtum with the latest Bitcoin 29.1 release and introduce compatibility with the Ethereum Pectra update. This synchronization brings improved technical parity with both major ecosystems and prepares Qtum for future network developments.
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.
