BEAM: PoW Algorithm Change

Name: PoW Algorithm Change
Start: 2019-12-01T00:00:00Z
End: 2020-01-01T00:00:00Z

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Event date: December 2019 UTC

What is a hardfork?

The cryptocurrency mainnet operates according to certain rules. To improve network performance or correct errors, changes are periodically introduced into it. A hard fork represents changes that are not compatible with previous versions of software supporting the cryptocurrency network. In order to continue to mine the cryptocurrency, miners need to update the software.

In some cases, as a result of a hard fork, a completely new cryptocurrency may appear, as happened with Bitcoin Cash and EthereumPoW.

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