Vite: Hard Fork
In September 2020, the Vite chain will undergo a fifth hard fork, with the code name “Jupiter.” After this hard fork, ViteX will support “friction-less stablecoin conversion.” As such, users will be able to convert between stablecoins with zero transaction fees.
- Block height: 39694000
- Estimated fork time: Sep 1, 2020 13:00 UTC+8
- go-vite version: V2.10.0
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.
