Siacoin to Undergo Hard Fork on March 10th
Siacoin has announced the upcoming v.2.0 hardfork, making Sia the first UTreeXO native blockchain. The update will enable users to run fully validated nodes without storing large amounts of data on disk.
Hardfork will be implemented in two phases. The first phase is scheduled to activate on March 10th and the second phase is set to activate on June 6th.
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.
