Cosmos Hub Set To Undergo v11 Upgrade On August 16

Key Points:

• Cosmos Hub announces v11 upgrade scheduled for August 16 after successful Proposition 804 passage.
• Upcoming upgrade involves core dependency updates, liquidity module removal, and temporary transaction delays.

Cosmos Hub, a prominent blockchain network, is gearing up for its upcoming v11 upgrade, scheduled to occur at block 16596000, tentatively on August 16. 

The upgrade has been set in motion following the successful passage of Proposition 804. The v11 upgrade brings a range of enhancements, including vital updates and fixes for core dependencies. 

Notably, the upgrade will involve the removal of the liquidity module. While the upgrade is anticipated to result in a brief downtime, the Cosmos Hub team assures users that efforts will be made to keep this downtime minimal.

During the upgrade process, some interruptions may occur, potentially causing temporary delays in transactions and transfers. However, the Cosmos Hub team is optimistic about maintaining the efficiency of the system, ensuring that any disruptions are managed efficiently.

The announcement of the forthcoming v11 upgrade has generated anticipation within the Cosmos community. As the blockchain ecosystem continually evolves, upgrades like v11 demonstrate a commitment to improving functionality and addressing potential vulnerabilities. 

Blockchain enthusiasts, users, and stakeholders are encouraged to stay tuned for further updates and information regarding the v11 upgrade as the Cosmos Hub community works toward enhancing the platform’s capabilities and user experience.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

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