Klaytn’s Cypress Hard Fork Starts Today

Twitter icon  •  Published 3 वर्ष पहले on March 31, 2022  •  Hassan Maishera

The Klaytn team announced via Medium on Thursday that its Cypress hard fork will commence in a few hours.

Klaytn’s Cypress Hard Fork Starts Today

The Klaytn team announced via Medium on Thursday that its Cypress hard fork will commence in a few hours. The Cypress hard fork will occur at 86816005 block height (Estimated time: 13:00 ~ 14:00 UTC+9). Following the network upgrade, its Cypress gas price adjustment will come into effect at 87091200 block height (Estimated time: April 3rd 17:30 ~ 19:30 UTC+9). 

Hard forks are backward-incompatible software updates. Typically, these occur when nodes add new rules in a way that conflicts with the rules of old nodes. New nodes can only communicate with others that operate the new version. As a result, the blockchain splits, creating two separate networks: one with the old rules, and one with the new rules.

Klaytn is a public blockchain developed by Ground X, the blockchain arm of Korea’s internet giant Kakao with 50 million users worldwide. KLAY is down by less than 1% in the last 24 hours and now trades at $1.234 per token.

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Author

Hassan Maishera

Hassan is a Nigeria-based financial content creator that has invested in many different blockchain projects, including Bitcoin, Ether, Stellar Lumens, Cardano, VeChain and Solana. He currently works as a financial markets and cryptocurrency writer and has contributed to a large number of the leading FX, stock and cryptocurrency blogs in the world.