Last week domination with Bytecoin was a lot of things. The first cryptocurrency was able to get a listing on Binance, the news of which caused a high volume of trade, which has allowed price increase by 160%, then there was a network failure and Bytecoin had to disable.
As a result, many investors began to fear that it was all a fraud, says Cryptodaily.
The team hastened to dispel all speculation, restoring access to all assets in the exact amount in the place – no one was deceived. But to strengthen the security and stability of the network team decided to spend hardwork, as reported in Twitter.
*Community Update* Hardfork Bytecoin Rescheduling: Reasons and Explanation (https://t.co/jmVSDd2MQi)#Bytecoin #BCN #hardfork #cryptocurrency
— Bytecoin BCN (@Bytecoin_BCN) may 16, 2018
The team commented on the need for hard forks:
“We revised the plans and made the decision to change our strategy from “optimistic” to “careful.” This is a necessary step in order to avoid all the shortcomings that may arise after the release of hard forks. The main purpose of updates is to avoid the problems the network has faced may 8-10. In the end, we want to make our software more secure and stable.”
Dates and details of the conduct and the technical details of hard forks are still unknown.
Good luck to the team Bytecoin as soon as we get more information about when will be a fork, we will definitely let you know.