The move is as follows: Hedera is going to work on its main network (the mainnet) with version 0.63 on July 23rd, at 5 PM UTC! How long will this surgery take? About 40 minutes where transaction traffic might get a little slow.
Now, the meat of the matter: What does this mean? It means that Hedera seeks to improve the performance and internal operation of its system. Think of it as a deep optimization: they are adding support for non-zero shard and realm IDs (it sounds technical, but it's to make the network more flexible), they are putting a brake on administrative changes to fees for more stability, and they are adjusting the MerkleDB to make storage more efficient. In plain English: the network will be more robust, faster, and flexible, especially for large companies. This is good for developers and those managing the nodes! 💪
But watch out, here comes the crucial part: this update does NOT change the utility of HBAR. That is, your transactions, staking, and gas for smart contracts, everything stays the same! The fees remain unchanged. What you might notice are minimal delays during those 40 minutes of maintenance, but don't worry, normalcy returns afterward.
Now, the million-dollar question: How does this affect the price of HBAR? Look, HBAR has been on fire this month, rising more than 100%, going from about $0.15 to nearly $0.29. Analysts are talking about a "golden cross" and a bullish sentiment. However, this update is more of a technical improvement, not a change that fundamentally alters the value of the coin or how it operates. It's like when your car gets tuned up to run smoother, they're not adding a new turbo. 🚗💨
So, while a successful update could reinforce investor confidence and help keep the current price stable (reducing technical risks), it is unlikely to be the push that sends HBAR to the stratosphere on its own. The price of HBAR will move more with the general market vibes and other important news from the ecosystem, rather than this technical adjustment.
In summary: It's a good sign that Hedera continues to improve and refine its platform, which is always positive in the long run. But don't expect a rocket launch solely from this. Stay tuned to the market and major news, because those are the ones that really move the needle! 📈
Do you all think that these kinds of technical improvements, even if they are not direct catalysts, build a solid foundation for the future of cryptocurrencies? Let me know!$HBAR
