Terra Luna Classic to Undergo Terra Core Upgrade on July 18th
Terra Luna Classic announces Terra Core upgrade to version 2.4, following the approval of proposal 4737. This upgrade will cause a temporary halt in the blockchain at block height 5994365. The halt is scheduled to occur on July 18th, at approximately 13:00 UTC.
The downtime is not expected to be extensive, and updates will be provided when block production resumes. This is a routine procedure aimed at enhancing the functionality of the Terra Luna Classic blockchain.
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.
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