Tokocrypto to Support Vana Hard Fork on July 14th
Tokocrypto has announced its support for the Vechain Vana (VANA) network upgrade and hard fork. As a result, VANA token deposits and withdrawals will be temporarily suspended on July 14, at 14:00 UTC.
Operations will resume once the upgrade is successfully completed, with further notice to follow.
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.