SONO: Hard Fork
What will happen to SONO 1.3.0.2?
The current version of SONO 1.3.0.2 will be replaced with a new version that will be the end of SONO 1.X.
In this new version, we will make a hardfork and reduce the PoW and PoS reward to 0.01 SONO/%. This means that it will nolonger be profitable to mine or stake your coins on the old chain.
This is done so we dont have 2 chains producing coins into our new blockchain and in that time inflate the amount of SONO in circulation.
The final version is named 1.4 and will be released friday the 15th of June.
The hardfork will be activated on wednesday the 20th of June, any wallets that have not updated will be kicked off the main net.
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.