EOS’ first hard fork successfully completed

by Osiris Team

Posted on Sept. 24, 2019, 11 a.m.
Time to read: 2 min

EOS, the seventh-largest cryptocurrency by market capitalization, performed its first hard fork on Monday.

The EOS update tracking tool maintained by the chain’s block producer, EOSNation, reports that EOS block producers (BP) signaled their intent to implement the update.

According to the website, this is the largest upgrade that the network has seen so far, and the first one that required a hard fork. EOS Nation also claims that 29 of the 30 top BPs committed to upgrading at publishing time.

As Cointelegraph noted earlier this month, two more blockchains are awaiting notable upgrades. Neo will have a major upgrade to NEO 3.0 in the second quarter of 2020. The network is expected to feature cheaper transactions and deployment of smart contracts, as well as a faster blockchain powered by a unified transaction model.

Tron is soon expected to release an update for the Sun Network that was officially launched on Aug. 11. Tron claims that the update will deliver unlimited scaling capacity.

Last week, Tron’s founder Justin Sun announced a new plan for the proof-of-stake mechanism for the network’s associated cryptocurrency, TRON (TRX). Sun said that the company will consider “a fair, decentralized distribution of staking revenues” to increase user participation.

Related links:
Like and comment it on:

More cryptocurrency news

Latest news

Coinbase Card rolls out DAI as first supported stablecoin

Coinbase Card, a crypto-powered Visa debit card from major crypto exchange Coinbase, now supports Dai, a stablecoin pegged to the United States dollar.


Dec. 6, 2019, 6:36 p.m.

Microsoft teams up with Enjin to offer crypto collectible rewards

Do good work, earn a "badger" - that's the idea behind a new incentive launched by Microsoft and blockchain gaming project Enjin.


Dec. 5, 2019, 2:36 p.m.

Cointelegraph launches Consulting division to drive enterprise blockchain adoption

Cointelegraph has announced the launch of its Cointelegraph Consulting division, which is focused on advancing enterprise blockchain adoption by helping companies understand the potential of blockchain and then matching them with enterprise vendors to implement solutions.

Adoption Development

Dec. 4, 2019, 2:20 p.m.

China’s Great Firewall has blocked access to Ethereum block explorer

China's Great Firewall, used by the government to regulate access to foreign internet sites, has blocked one of the most popular sources of Ethereum blockchain data.

Development Regulatory

Dec. 3, 2019, 5:51 p.m.

Stellar’s Foundation just destroyed half the supply of its Lumens cryptocurrency

The Stellar Development Foundation has burned 55 billion of its XLM tokens, over half the cryptocurrency’s supply, CEO Denelle Dixon announced from the stage of the Stellar Meridian conference Monday.

Alerts Development

Nov. 6, 2019, 10:09 a.m.

Follow us