KEY TAKEAWAYS
- Fetch.ai is set to upgrade its mainnet on April 1st, focusing on security and operational efficiency.
- The upgrade addresses a critical vulnerability in the IBC module, enhancing cross-chain transaction security.
- Validators must follow precise instructions to ensure a smooth transition during the scheduled downtime.
- Post-upgrade, the network will resume normal operations, maintaining stability and reliability.
The Fetch.ai mainnet is set to undergo a scheduled upgrade on Tuesday, April 1st, at approximately 13:00 UTC. This upgrade is contingent upon the approval of governance proposal #35. The update focuses on enhancing security and operational efficiency, aiming to minimize disruption for network participants.
The upgrade addresses the ASA-2025-004 vulnerability in the Inter-Blockchain Communication (IBC) module, which is crucial for secure cross-chain transactions. Additionally, it introduces support for importing unarmored cryptographic keys, specifically secp256k1 and ed25519, to simplify node configuration while maintaining existing security standards.
During the upgrade, the network will automatically halt at block height 21,267,067, with an estimated downtime of one hour. Validators are required to follow the provided upgrade instructions precisely to ensure a smooth transition. The Fetch.ai team will monitor the process and provide updates through official channels once the upgrade is completed.
Governance and Voting
The governance module of the cosmos-sdk ensures that only those delegating FET on the Fetch.ai mainnet can participate in the voting process. Holders who have chosen to hold or stake their tokens on Ethereum, Binance Smart Chain (BSC), or Cardano will not be affected by this upgrade.
Existing delegators are encouraged to cast their votes using the ASI-Wallet, the Leap Wallet, or the Cosmostation wallet. Alternatively, they can connect directly with Mintscan to participate in the voting process.
Validator Participation and Network Stability
Validator participation is crucial for the success of the upgrade. Timely involvement from all validators in the active set is appreciated and will contribute to the swift resumption of services. Validators are advised to review the technical guide and prepare their systems ahead of the cutoff block.
Post-upgrade, the network will resume normal operations without any changes to APIs or chain state. This upgrade reflects Fetch.ai’s proactive approach to maintaining network reliability and stability as the ecosystem continues to evolve.
For more detailed information, the official announcement can be found here.
Why This Matters: Impact, Industry Trends & Expert Insights
The Fetch.ai mainnet is scheduled for a significant upgrade to enhance security and operational efficiency, focusing on the Inter-Blockchain Communication (IBC) module and cryptographic key management.
Recent industry reports indicate advancements in blockchain interoperability, particularly through the IBC protocol. This aligns with Fetch.ai’s upgrade efforts aimed at ensuring secure and efficient cross-chain transactions, reflecting broader trends in enhancing multichain connectivity.
Recent industry research suggests that Fetch.ai is recognized for its secure technology, utilizing a combination of blockchain and AI to protect user data. This supports the significance of the planned mainnet upgrade, emphasizing Fetch.ai’s commitment to maintaining a robust and secure network infrastructure.
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Disclaimer: The views expressed in this article are those of the authors and do not necessarily reflect the official policy of CoinsHolder. Content, including that generated with the help of AI, is for informational purposes only and is not intended as legal, financial, or professional advice. Readers should do their research before taking any actions related to the company and carry full responsibility for their decisions.
