Hedera to Conduct Mainnet Upgrade on February 19th
2025-02-17
Category: None


Hedera will upgrade its mainnet to version 0.58 on February 19th, commencing at 18:00 UTC. The upgrade is expected to take approximately 40 minutes, during which users may experience disruptions to the network.
 Refer to the official tweet by HBAR: 
Scheduled (Feb 19, 2025, 18:00 UTC): Hedera will be upgrading Hedera mainnet to v0.58 on Wednesday, February 19 2025 at 18:00 UTC. The upgrade will take approximately 40 minutes to complete, users should expect some disruption to netwâ€¦ https://t.co/iD8M6GkpFF
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.