SSV Network to Undergo Hard Fork on November 25th
SSV Network will undergo the “Alan” upgrade on its mainnet on November 25th at 12:00:23 UTC, forking the network.
This upgrade aims to bring various performance and scalability enhancements, significantly reducing resource usage such as CPU time and bandwidth.
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.
@ssv_network
This upgrade will bring various performance and scalability upgrades, significantly reducing resource usage such as CPU time and bandwidth.