- Hedera will upgrade its mainnet to version 0.63 on July 23, causing about 40 minutes of possible network disruption.
- update aims to enhance the network’s speed, efficiency, and scalability using its unique hashgraph technology.
On July 23rd at 17:00 UTC, Hedera will roll out an important mainnet upgrade to version 0.63. This update, expected to last about 40 minutes, may cause brief network interruptions as the system transitions. Users and developers are advised to plan accordingly to minimize any impact on their operations.
What is Hedera and HBAR?
Hedera is a decentralized public network designed to support a new generation of decentralized applications (dApps). Its native cryptocurrency, HBAR, serves multiple functions within the ecosystem — powering dApps, enabling peer-to-peer and micropayment transactions, and safeguarding the network against malicious activities.
The Power of Hashgraph Technology
Unlike traditional blockchain platforms, Hedera utilizes a unique consensus algorithm called hashgraph. This innovation combines the core strengths of blockchain — decentralization, security, and distributed ledger technology — with improvements in speed and scalability. As a result, Hedera can process thousands of transactions per second, a volume far exceeding many conventional blockchain networks.
This efficiency makes Hedera especially attractive to enterprises and developers who require fast, secure, and scalable solutions for their decentralized projects.
What the Upgrade Means for Users
The upcoming mainnet upgrade is part of Hedera’s ongoing commitment to enhancing network performance and reliability. Though the temporary downtime may cause minor disruptions, the update will help maintain Hedera’s competitive edge by ensuring its infrastructure remains robust and capable of supporting growing demand.
With this upgrade, Hedera continues to reinforce its position as a leading platform for building scalable decentralized applications that can meet real-world enterprise needs.
The July 23rd upgrade reflects Hedera’s focus on innovation and user experience, promising a stronger, faster network for all participants. Keep an eye on official Hedera channels for post-upgrade updates and detailed release notes.
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