Jessie A Ellis
Aug 7, 2024 03:23
Conflux (CFX) v2.4.0 network hardfork upgrade featuring CIP-1559 activation has been successfully completed. CIP-136 will be activated until August 13th.
According to the Conflux forum, the Conflux v2.4.0 network hard fork upgrade has been successfully completed, marking a significant milestone for the blockchain platform. The upgrade includes the activation of CIP-1559, an important improvement proposal aimed at improving the efficiency and stability of the network.
Key features of the upgrade
CIP-1559 introduces an optimized fee mechanism designed to improve transaction processing and network stability. The newly activated network version, v2.4.0, is currently stable and users are expected to experience improved performance and stability.
Future improvements
In addition to CIP-1559, Conflux also announced that CIP-136 will be activated when PoS block number reaches 1684080, which is expected to happen on August 13. This proposal is expected to further enhance the network’s capabilities, providing users with more powerful features.
Additionally, additional CIPs (Conflux Improvement Proposals) will be activated once the block number reaches 247480000, which is expected to happen on August 13. All of these upgrades aim to strengthen the Conflux network, making it more resilient and efficient for users.
Broader impact
The successful implementation of these upgrades highlights Conflux’s commitment to continuous improvement and innovation within the blockchain space. By adopting these new proposals, Conflux aims to remain competitive and provide users with a more stable and efficient blockchain platform.
Conflux (CFX) has made remarkable progress in the blockchain industry, and these upgrades are expected to further strengthen its position as a leading platform. The community and stakeholders are optimistic about the positive impact these improvements will have on the ecosystem.
For more information, please visit the official Conflux forum.
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