Hedera to Conduct Testnet Upgrade on October 29th
2024-10-24


Hedera has scheduled an upgrade to the Hedera testnet to version v.0.55 on October 29th at 17:00 UTC. The upgrade is expected to take approximately 40 minutes to complete, during which users may experience some network disruptions.
 Refer to the official tweet by HBAR: 
Scheduled (Oct 29, 2024, 17:00 UTC): Hedera will be upgrading the Hedera testnet to v0.55 on Tuesday, October 29 2024 at 17:00 UTC. The upgrade will take approximately 40 minutes to complete, users should expect some disruption to netâ€¦ https://t.co/0t2deMJ6HH
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.