ThunderCore recognizes that a sustainable ecosystem is vital to the viability of its network. So we are taking the necessary steps to ensure the long-term success of its stakeholders. Through the upcoming hard fork, ThunderCore will improve network efficiency and implement essential changes that will benefit all stakeholders, including staking providers, developers, partners, and the entire community.
ThunderCore’s hard fork represents a significant milestone in its mission to become the most reliable, secure, and efficient blockchain infrastructure provider. We will continue to work tirelessly towards achieving its goal of providing the most innovative and sustainable solutions to our community.
*From May 2nd, 2am to 2pm (UTC), ThunderCore mainnet will perform a hard fork, during this period PoS staking “deposit & withdraw” will be suspended.
*Block height: 131247603
The main goal of our upcoming critical hard fork is to achieve following goals,
PoS upgrade
By staking their assets, node operators have a financial incentive to maintain the integrity of the network and follow the consensus rules.This helps to secure the blockchain and prevent fraudulent activity, such as double-spending.
In this upcoming hard fork, ThunderCore will transfer the remaining assets to active running nodes. This move will protect current validators from being affected by a sudden influx of assets from new validators. Additionally, we have addressed the key management issue, which will enhance the security of the node-running process for all validators.
Effect
ThunderCore PoS Staking will increase the staking ratio, which will contribute to greater decentralization.The upgrade of key management can improve the security issue which benefits exchange and staking providers.
RNG Adjustment
Effect
This move will increase the $TT total supply staking ratio and promote positive growth within the ecosystem.
To sum up, ThunderCore’s focus is on achieving sustainable growth by maintaining a balance between blockchain technology, infrastructure, developers, users, and partners. The upcoming hard fork is aimed at ensuring the longevity of the ThunderCore platform. We will keep you informed about our ongoing efforts to promote sustainability and long-term growth of the entire ThunderCore ecosystem.
About ThunderCore
ThunderCore is a powerful and ultra-fast Web3 ecosystem and layer-1 chain that delivers elite performance and cost-effective scalability for thousands of crypto projects. Its proof-of-stake (PoS) architecture and strong developer support provide a battle-tested home for the next generation of crypto builders to create in Web3, DeFi, NFTs, GameFi, and the metaverse with limitless scope.
ThunderCore’s breakthrough consensus protocol “PaLa” overcomes the scalability “trilemma,” helping the ThunderCore network generate up to 4,000 transactions per second (TPS) with sub-second confirmation times and ultra-low gas fees at a fraction of a cent.
Institutional investors in ThunderCore include MetaStable, Hashed, Electric Capital, Huobi Capital, Pantera, Zhen Fund, Kenetic Capital, Arrington XRP, Capitaland, and Draper Dragon, among others.