KEY TAKEAWAYS
- AIOZ Network will implement Upgrade & Hardfork v1.8 on February 2, enhancing performance, security, and interoperability.
- Transfers, Staking, and Bridging on the AIOZ Web Wallet will be temporarily disabled during the upgrade.
- The upgrade includes Cosmos SDK v0.53 and IBC-go v10, improving network performance and cross-chain communication.
- Validators and operators must update their nodes to the latest version to ensure continued functionality.
AIOZ Network has announced the upcoming Upgrade & Hardfork v1.8, set to activate at Block 21,919,000 on February 2, with an estimated activation time of 05:00 UTC. This upgrade aims to enhance the network’s performance, security, and interoperability.
To ensure a smooth transition and protect user funds, AIOZ Network will temporarily disable Transfers, Staking, and Bridging on the AIOZ Web Wallet starting February 2 at 04:00 UTC. These services will resume once the upgrade is successfully completed.
Key Features of v1.8 Upgrade
The v1.8 upgrade introduces several system and module enhancements. The Cosmos SDK v0.53 upgrade will improve overall network performance and ensure compatibility with the latest Cosmos ecosystem standards. Additionally, the IBC-go v10 upgrade will enhance cross-chain communication reliability and efficiency.
A new 08-wasm module is being introduced to support Wasm-based light client connections, offering more flexible interchain connectivity. The Bonus Module Enhancement now supports multiple bonus tokens, allowing for more versatile incentive structures.
The IBC Module Enhancement will lay the groundwork for IBC v2 (IBC Eureka) and Wasm light client support, boosting interoperability and scalability. Improvements in the Bank Module will enhance address handling for more consistent transaction processing, while client-side improvements will ensure smoother wallet and application interactions.
Preparation for Validators and Operators
All validators, operators, and users are encouraged to prepare for the upgrade. To manually upgrade blockchain nodes, users should download the latest node version for their respective operating systems. After Block 21,919,000, older versions will cease to function automatically. Users must update by replacing their existing binary with the latest version and restart their blockchain node to resume normal operations.
For those seeking an automated upgrade process, Cosmovisor can be utilized. Guidance on installing and using Cosmovisor is available in the official tutorial. The community is encouraged to reach out through official channels for any questions or issues during the upgrade process.
For more detailed information, visit the official announcement here.
Why This Matters: Impact, Industry Trends & Expert Insights
AIOZ Network’s Upgrade & Hardfork v1.8, scheduled for February 2, aims to enhance performance, security, and interoperability by introducing several system and module enhancements.
Recent industry reports indicate that blockchain interoperability upgrades have significantly boosted seamless asset transfers and multi-chain operations. This aligns with AIOZ Network’s efforts to enhance cross-chain communication and interoperability through its v1.8 upgrade.
A Scalable Solutions report highlights that such upgrades drive institutional adoption and scalability by addressing historical barriers like security and compliance. This supports the significance of AIOZ Network’s upgrade in improving network performance and reliability.
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