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Learn about the next forks of blockchain projects that will take place in June this year

June 8, 2020

The month of June is still alive for the various cryptocurrency projects in the blockchain sphere Some hard forks need to be activated after Bitcoin and other altcoins activated the calendar in the past month.

According to Coindar.org data, we will have at least half a dozen hard forks this month in various low-scale projects, but not least in the blockchain scene. Let’s check what they are and what they do on each of their platforms.

1.- PeerCoin (PPC)

The development team behind the Proof of Stake (PoS) pioneering project announced via its official Twitter account that its code name Strider hard fork, the improved version V0.9 of its protocol, will take place in June 08.

Learn about the next forks of blockchain projects that will take place in June this yearLearn about the next forks of blockchain projects that will take place in June this year

According to the team’s announcement, the hard fork will run at 12:00 UTC this Monday, June 8, 2020. Technical improvements include rewards adjustment under the PoS algorithm and block spacing for the PoW. At the same time, they hope to limit the effective currency to one year, filter the transactions marked in the native wallet and deactivate the wedging. .

One of the big improvements the team hopes for after a strong consensus in their community is that lThe network will reward “active mints” more while keeping overall inflation at 1%.

Peercoin was the first project to introduce the Proof of Stake concept in 2012 through its founders Sunny King and Scott Nadal. The blockchain project is a hybrid PoS / PoW chain and with over 8 years experience in the crypto space, its home currency remains among the 400 largest coins on the market.

2.- Blocknet (BLOCK)

It self-proclaims itself ‘Internet of Blockchains’, an improvement of the protocol is also planned for this Monday, June 8, 2020, under its Comet 4.2 version, in which they will present an improvement to their wallet by updating the stakeout protocol.

This update, known as v7 of its protocol, enables a consistent network outage time, averaging 60 seconds. In addition to this important improvement, minor bugs in your XRouter, XBridge and Block DX products have been fixed.

Blocknet is a blockchain interoperability protocol that enables communication, interaction and exchange between different public and private chains as well as chain access to data, APIs and services outside the chain via oracles.

The hard fork is said to appear at 6 p.m. UTC +0 next Monday, June 8, 2020.

According to CoinMarketCap, BLOCK is in the general ranking of cryptocurrencies in field 248.

3.- Grimm platform (XGM)

This blockchain platform is said to run its hard fork at block height 444,400 according to its official publication on Twitter.

The event is expected to occur on Tuesday, June 9, 2020, in its improved PoW algorithm called GrimmPoW. His block reward for miners who support his network is currently around 100 GRIMM, and DEFIS Hard Fork is expected to reduce the reward to around 20 XGM.

The protocol focused on highly scalable decentralized finance (DEFIS), but focused on data protection and off-chain contracts and was founded in August 2019 with the developer’s own funds and without any investment.

As with the PoW forks, the chain distribution triggers two currencies: XGM and GRIMM, which can also be broken down after the event.

With its own technology developed by the Grimm technical team ‘Scriptless scripts’, they strive to allow that in this new version Smart contracts scale when executed.

The project currently has 84% ​​of the coins available for mining, out of the 262 million of the maximum bid set in its original protocol.

With the hard fork, the DEFIS project is expected to come to fruition under the protocol to solve fundamental problems in the decentralized financial sector within a new circular economy system that is fairer within the platform.

4.- Kava (KAVA)

Kava is the first cross-chain DeFi platform to offer crypto-guaranteed loans and stable currencies.

According to the official website, the main network will be improved for June 10, 2020. Currently, Kava, a product developed and covered by Cosmos, has a target inflation rate of 2/3 of the entire KAVA range.

Users can use any Cosmos-compliant asset as security in Kava to enable cross-chain interoperability for the decentralized finance or DeFi framework.

On March 25, Kava chose Chainlink as the official provider of Oracle for the stablecoin USDX and as the official standard provider for all DeFi projects created in Kava.

Kava currently occupies field 143 of the general ranking of cryptocurrencies according to CoinMarketCap.

5. Komodo (KMD)

For the upcoming June 14, 200, the Komodo platform plans to upgrade to version v.0.6.0 at block height 1,922,000. Bring notary node operators into the blockchain network mining ecosystem.

After completing the annual notary node election on May 4, 2020, the platform must carry out this Komodo daemon update for all those involved in the network who operate a full node.

The update, called “Draconian Snake”, is expected to run when the 1,922,000 block is mined on June 14, 2020 at around 3:00 p.m. UTC.

In addition to officially adding the newly chosen notary node operator to the network, the version brings A number of improvements such as the optimized Komodo blockchain synchronization enable a faster optimization process.

In addition, the technical team updated the dependencies of its consensus algorithm called Delayed Proof of Work (dPoW), checked the source code and ensured that it was free of critical errors.

Komodo is a platform created in 2014 that improves the algorithm proposed by Bitcoin and enables typical multi-chain systems to solve typical problems such as network congestion, high transaction fees and lack of scalability in PoW protocols.

According to CoinMarketCap, the KMD token is in the general ranking of cryptocurrencies in field 72.

6.- BEAM (BEAM)

The hard fork is said to run at block height 777,777 in their upgrade process called Beamhash III. as can be seen in his official Twitter account.

The planned date for the extraction of this block is June 28, 2020with which they hope that the improved algorithm from PoW BeamHash II will change and improve towards BeamHash III.

The BeamHash III update is hoped that the wider GPU memory upgrade processes will allow better use of the mining capabilities of the modified version of Equihash on which Beam created its PoW algorithm version.

In addition to the improvements for ASIC-resistant mining, the hard fork provides support for confidential assets, one-way payments and support for Lelantus Mimblewimble. Your elegant solution for building a scalable and confidential cryptocurrency with a fixed offer.

BEAM currently occupies field 138 of the general ranking of cryptocurrencies according to CoinMarketCap.