XinFin to Undergo Network Upgrade on November 13th
XinFin is preparing for an upgrade on the Apothem network, which is scheduled to take place on November 13th. The upgrade will introduce XDPoS 2.0, a next-generation engine built on the BFT consensus protocol. This new engine promises to provide high-level security and performance while being resource-efficient. It will also be fully compatible with existing APIs.
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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The upgrade is set to take place on
🔲block: 56828700
🗓️November 13, 2023.
🔗Check out the countdown here: https://apothem.xdcscan.io/blocks/countdown/56828700
🔗 What's New with XDC 2.0?
Introducing XDPoS 2.0, the future of decentralized consensus on the XDC Network! This next-gen engine, built on the cutting-edge BFT consensus protocol, promises military-grade security and blazing performance while being ultra resource-efficient. Plus, it's fully backwards-compatible with existing APIs.
📖Dive deeper into the details: https://arxiv.org/pdf/2108.01420.pdf
💸 Revolutionizing Gas Fee Management
Gas fees are a crucial element of blockchain operations, impacting transactions and network functionality. Gas fees will be adjusted with the latest Apothem upgrade of XDC 2.0. We aim to optimize fees for users and developers, taking the network's performance to new heights.
For more details: https://www.xdc.dev/xinfin_xdc_network/enhancing-gas-fee-efficiency-on-the-xdc-network-improving-gas-management-for-sustainable-operations-2gdi
⚙️ Apothem Node Owners, Take Action!
Calling all node owners running nodes on the Apothem Network - it's time to upgrade! Use the command "git pull && ./docker-up.sh" to ensure your node is aligned with the latest improvements. Your swift Action is pivotal in our journey towards a more efficient, sustainable, and user-centric network.
Have questions or feedback? Share on our developer's forum at https://www.xdc.dev .
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