Hedera to Upgrade Mainnet to Version 0.54 on October 23rd
2024-10-20


Hedera will be upgrading its mainnet to version 0.54 on October 23 at 17:00 UTC. The upgrade is expected to take approximately 40 minutes, during which users may experience some disruption to network services.
 Refer to the official tweet by HBAR: 
Scheduled (Oct 23, 2024, 17:00 UTC): Hedera will be upgrading Hedera mainnet to v0.54 on Wednesday, October 23 2024 at 17:00 UTC. The upgrade will take approximately 40 minutes to complete, users should expect some disruption to netwoâ€¦ https://t.co/JO4OHGOreB
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.