The TUSC blockchain will be undergoing its first hard fork in September to incorporate major code changes. The fork will include bug fixes, library updates, and some super cool new features including:
• Non-fungible token (NFT) and asset creation
• Smart contracts
• Recurring & scheduled payments
Because blockchains are immutable (unchangeable), you can’t just update just the code on the fly when you want to make changes like you can with other types of software or databases. When you want to make major code changes on blockchains, you have to update the code base, then start an entirely new block chain with the new code, which is called a hard fork.
Key dates in the hard fork process:
• Snapshot — September 7, 2021 at 12:00 pm CDT
• New binaries available — September 9, 2021
• New chain goes live — September 16, 2021 at 12:00 pm CDT
Prior to the snapshot, all exchanges trading TUSC will halt deposits and withdrawals. Some or all of these exchanges may also halt trading until after the fork is complete. During the snapshot, all account balances (including vesting balances) will be recorded. Once new binaries are available, current and candidate block producers will be able to set up their servers running the new code. The new chain will then become live and TUSC transactions will resume.
Block producers should watch for announcements and instructions in the BP Discord channel. If you hold TUSC, in a TUSC account, no action is required. You can keep up to date on the hard fork process via Telegram or Discord.
Read More on the TUSC Blog.