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DeFiChain’s Much Anticipated ‘Grand Central’ Hard Fork Goes Live

DeFiChain is a decentralized Proof-of-Stake blockchain created as a hard fork of the Bitcoin network to enable advanced DeFi applications. DeFiChain, the world’s leading blockchain on the Bitcoin network dedicated to bringing decentralized financial applications to everyone, has officially activated the much-anticipated Grand Central hard fork on its network at 01 AM EST on Thursday, December 8th on Block Height 2,479,000. The Grand Central hard fork is one of the biggest and most monumental updates for DeFiChain in 2022. It marks the rollout of four main features:

  • On-chain governance
  • Token consortium framework
  • Support for masternode parameter updates (owner, operator, reward address)
  • Pool commission and reward fixes

This hard fork addresses some of the long-awaited product debt and prepares the DeFiChain community for an accelerated growth in 2023.

(by Andrew MacGill)

Blockchain DeFi
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