KEY TAKEAWAYS
- AIOZ Network is set to implement Upgrade & Hardfork v1.7.1 on July 3, 2025, enhancing security and network integrity.
- Key protocol refinements include a reinforced burn mechanism to ensure proper on-chain token handling.
- Validators must update their blockchain clients to maintain network performance, with older versions ceasing to function post-upgrade.
- Guidance for manual and automated upgrades is provided, ensuring a smooth transition for all network participants.
AIOZ Network has announced the upcoming Upgrade & Hardfork v1.7.1, which is set to activate at Block 18,793,000 on July 3, 2025. The estimated activation time is 07:00 UTC.
To ensure a smooth transition and safeguard user funds, the AIOZ Web Wallet will temporarily disable Transfer, Staking, and Bridging functions starting from July 3, 2025, at 4:00 UTC.
Security and Integrity Enhancements
The v1.7.1 release focuses on protocol refinements aimed at enhancing the security and integrity of the network. A key update involves reinforcing the burn mechanism to ensure that token handling strictly adheres to intended on-chain behavior.
This upgrade addresses a technical edge case from the previous version, thereby improving the reliability and trustworthiness of the AIOZ network’s blockchain operations.
Guidance for AIOZ Validators
The v1.7.1 upgrade is crucial for maintaining optimal network performance. AIOZ Network strongly recommends that all validators and blockchain operators update their binaries to the latest version.
Validators can manually upgrade their blockchain client by downloading the latest version for Windows, MacOS, or Linux. After Block 18,793,000, clients running older versions will automatically stop functioning. Validators should update to the latest version and restart their blockchain client.
For those seeking an automated upgrade process, the use of Cosmovisor is suggested. A tutorial for installing and using Cosmovisor is available for guidance.
Further details about the upgrade can be found here.
Why This Matters: Impact, Industry Trends & Expert Insights
The AIOZ Network’s upcoming Upgrade & Hardfork v1.7.1 is set to enhance the network’s security and integrity, focusing on protocol refinements and improvements in blockchain operations.
Recent industry reports indicate a growing trend towards enhancing blockchain systems with AI and improving interoperability. This aligns with AIOZ Network’s focus on upgrading its protocol to ensure better performance and security.
Recent industry research suggests that network hard forks can significantly enhance blockchain performance by improving transaction speeds and network throughput. This supports the anticipated impact of AIOZ Network’s upgrade in boosting its operational efficiency and user experience.
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