Verge XVG: Hard Fork
This release will break all connections from and to V5/4/3 nodes. This implicates that new V6 will produce their own chain and require your attention. Thus make sure to backup everything in case something goes wrong.
The new hardfork will add 7 new halvings to Verge of which one will take place in mid of December. (block 3,700,000) See README.md for further halvings.
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.