THORChain to Upgrade Hard Fork on September 4, 2024THORChain to Upgrade Hard Fork on September 4, 2024
2024-08-21
Bittime - THORChain will carry out a major upgrade via hard fork on September 4 2024 at 23:00 WIB or around block high 17,561,740.
Hard Fork THORChain: Bitcoin Taproot Addresses
One of the most anticipated features of this upgrade is the addition of support for Bitcoin Taproot addresses. Taproot is a major upgrade to the Bitcoin network that allows transactions to be more efficient and secure.
With this integration, THORChain users who transact with Bitcoin will directly benefit from this latest technology.
The addition of this support is a strategic step for THORChain in ensuring its network remains relevant and aligned with the latest crypto technology developments.
Also Read: THORChain dan ShapeShift DAO Rilis Fitur rFOX
Hard Fork THORChain: Cosmos SDK Version Update
In addition to support for Taproot, this upgrade also includes a Cosmos SDK version update. Cosmos SDK is the framework used by THORChain to build and manage blockchains.
With this update, THORChain will be able to run its network more efficiently and securely. This update will also simplify node state, allow for better network management, and the removal of outdated code that is no longer needed.
THORChain Operations Temporarily Suspended
During the upgrade process, all operations such as sending and exchanging on THORChain will be temporarily stopped. This is to ensure that all changes can be implemented correctly without disrupting user transactions.
Even so, THORChain emphasized that users do not need to take any action during this upgrade. This process is designed to be smooth and automatic, so it does not require active participation from users.
Also Read: THORChain Coin Price Prediction (RUNE) 2024, 2025 & 2030
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