Hedera to Conduct Mainnet Upgrade on June 12th
Hedera has announced that it will be upgrading its mainnet to version 0.50. The upgrade is scheduled to take place on June 12th at 17:00 UTC. The process is expected to take approximately 60 minutes to complete.
Refer to the official tweet by HBAR:
Hedera Status@hashgraphИюн 05, 2024Scheduled (Jun 12, 2024, 17:00 UTC): Hedera will be upgrading Hedera mainnet to v0.50 on Wednesday, June 12 2024 at 17:00 UTC. The upgrade will take approximately 60 minutes to complete, users should expect some disruption to network … https://t.co/elZ2B69A2s
HBAR Info
Hedera (HBAR) is a decentralized public network that allows individuals and businesses to create powerful decentralized applications (dApps). Its native cryptocurrency is HBAR, used to power decentralized applications, build peer-to-peer payment and micropayment business models, and protect the network from malicious actors.
Hedera stands out from other blockchain technologies due to its use of hashgraph consensus, which promises the benefits of blockchain – decentralization, distribution, and security through hashing – with enhanced speed, efficiency, and scalability. This technology enables Hedera to process thousands of transactions per second in contrast to traditional blockchains, making it an appealing option for enterprise use cases.