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Home»Altcoins»Cronos Embraces for the Latest Mainnet v1.3 Upgrade Scheduled on 18th July
Altcoins

Cronos Embraces for the Latest Mainnet v1.3 Upgrade Scheduled on 18th July

NBTCBy NBTC04/08/2024No Comments3 Mins Read
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Cronos, a well-known Ethereum Virtual Machine compatible chain operating under Cosmos, has recently announced a new development. As per the platform, it will release its impending Cronos Mainnet v1.3 Upgrade on the 18th of July to offer improvements for RPC and backward compatibility. The platform disclosed this endeavor on its official social media account on X.

🛠️ Upgrade incoming: #Cronos v1.3 upgrade is set for 18 July 2024 at 7AM UTC.

Learn more #CROFam:
👉 https://t.co/xNwgKrKybT

— Cronos (@cronos_chain) July 17, 2024

Cronos to Launch the Miannet v1.3 Upgrade on July 18

After the 1st proposal concerning the Cronos Mainnet v1.3 upgrade, the launch plays a significant role. According to the firm, 14,920,000 is the block height of the respective upgrade, based on the block production’s progress. In addition to this, the development will result in an expected network downtime of up to 60 minutes. This will depend on the progress related to the validator’s upgrade.

The company added that the services including Cronos bridge, Explorer, public RPCs, and mainnet network will see a slight pause. Nonetheless, they will reportedly resume following the completion of the upgrade. As a part of this upgrade, the chain will witness an update on a particular block height at 14,920,000. The company asserted that the node operators require upgrading the node binary thereof to the exclusive upgrade.

This will permit them to maintain synchronization with the chain. However, if they do not follow the instructions, there are chances for considerable functionality issues. The platform will reportedly conduct the new upgrade in a very coordinated manner. With this, it will guarantee the least disruption. Apart from that, it also exclusively addressed the node operators.

Despite a Brief Network Downtime, the Users Will Enjoy Smooth Operations with Least Disruption

In this respect, Cronos forbade them from upgrading to the new binary v1.3 ahead of the objective upgrade block. It claimed that would experience incompatibility. Hence, it advised them to upgrade to the unique binary v1.3.0 upgrade. Moreover, Cronos also discussed the potential concerns and questions of the consumers. In this respect, the firm guided the consumers to reach out to its team.

Generally, the Cronos Mainnet v1.3 upgrade focuses on improving the capabilities of the network. Additionally, it also makes it compulsory for the node operators to take precise steps to guarantee a smooth transition. Although a network downtime will take place, the entirety of the data will persist and the operations will resume after it.

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NBTC is the editorial account for NBTC News, covering Bitcoin, Ethereum, DeFi, blockchain infrastructure, exchanges, mining, regulation and digital asset markets. The editorial team focuses on clear sourcing, timely updates and practical context for crypto readers.

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