Harmony to Undergo Hard Fork on October 31st
Harmony will undergo a scheduled hardfork on October 31 at 13:02 UTC. All backup nodes must be stopped before this time to prevent potential network outages.
Failure to comply with this schedule may lead to disruptions in network services.
Refer to the official tweet by ONE:
Harmony 💙@harmonyprotocol十月 18, 2024To avoid this, it's crucial that all backup nodes are stopped before the scheduled hardfork on October 31, 2024, at 13:02 UTC. Failure to do so may lead to
network outages.
Please reach out to @sophoah if you have any questions
ONE Info
Harmony is a cutting-edge, layer-1 blockchain that employs sharding and Effective Proof of Stake (EPOS) to enhance scalability, security, and decentralization. Initiated in 2019, it has made significant strides by introducing trustless cross-chain bridges and employing four shards that process transactions concurrently, establishing itself as a key player in the blockchain sphere.
In terms of its operational mechanism, Harmony relies heavily on EPOS and sharding. EPOS fosters decentralization among validators, thereby increasing network security. Simultaneously, sharding divides the network load among various validators, delegators, and users, which significantly bolsters transaction speed and overall network performance.
ONE, the native token of Harmony, is integral to the network’s functioning. It serves as the medium for transaction fees, facilitates governance by allowing token holders to participate in decision-making processes, and is used for staking, providing security to the network.