The Daily Hodl
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Ripple and XRP
    • Altcoins
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams
    • Crypto 101
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Guest Post
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • ChainWire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Binance Coin (BNB)
  • BEGINNERS
    • What Is Bitcoin?
    • What Is Blockchain?
    • What Does Hodl Mean?
    • How to Pay Your Bills with Bitcoin
    • Best Bitcoin FAQs
    • Example of Bitcoin’s Purpose
    • Cryptocurrency Has Multiple Meanings
    • Authenticator Alert – Securing Your Crypto
  • SUBMIT
    • Guest Post
    • Press Release
    • Sponsored Post
    • Advertise
  • EMAIL ALERTS
  • DAILY HODL MIX
No Result
View All Result
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Ripple and XRP
    • Altcoins
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams
    • Crypto 101
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Guest Post
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • ChainWire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Binance Coin (BNB)
  • BEGINNERS
    • What Is Bitcoin?
    • What Is Blockchain?
    • What Does Hodl Mean?
    • How to Pay Your Bills with Bitcoin
    • Best Bitcoin FAQs
    • Example of Bitcoin’s Purpose
    • Cryptocurrency Has Multiple Meanings
    • Authenticator Alert – Securing Your Crypto
  • SUBMIT
    • Guest Post
    • Press Release
    • Sponsored Post
    • Advertise
  • EMAIL ALERTS
  • DAILY HODL MIX
No Result
View All Result
The Daily Hodl
No Result
View All Result

Aurora Chain Unveils Groundbreaking New Feature: Upgradable Blockchain Network

by Press Release
July 2, 2019
in Industry Announcements

Beijing

Leading public blockchain Aurora Chain (token: AOA) has released a new upgradable block feature to bring more flexibility and utility to the public chain landscape. Developers using Aurora Chain will be able to enjoy its latest feature. The upgrade can also reduce cases of hard forking.

Hard forks have been rather abundant during the industry’s short history. Take Bitcoin as an example. It now has more than six hard forks including Bitcoin Classic and Bitcoin Cash. Furthermore, the already forked Bitcoin Cash forked again last year after supporters of two major mining pools split, creating BCHABC and BCHSV.

Hard forks can be a good way to gain attention by sparking a Twitter war, but they can also lower the utility of bitcoins and undermine its mining capability. For more up-to-date and advanced blockchains, a hard fork could be catastrophic. Hence, the Aurora tech team came up with a solution to lower this type of risk.

Basically, the solution requires mining agents or agent candidates to vote for upgrading the blockchain within a 14-day time period. When votes for an upgrade exceed the total number of voting agents and agent candidates, the upgrade passes and a block height will be chosen for implementing the new upgrade.

An upgrade should include the URL of the version released on Github, the version code, description of the update and md5 information of the new upgrade.

When the upgrading program on the network receives the upgrading request, it will automatically retrieve the new release and proceed to verify this version. Once the verification is successful, the test network will be activated.

Users can try this new version on the test. If any problems or glitches happen before the implementation of the release, the agent that requested the upgrade can halt the upgrade. Until the halt is revoked, the upgrade will not be carried out even if the network reaches the agreed block height.

The solution has two smart contracts and an upgrade control.

  • Smart contract A manages the upgrade smart contract, which is smart contract B. It can substitute the old version of the blockchain code with the new one.
  • Smart contract B regulates the process of voting and retrieving an upgrade. It supervises five major parts of the solution:
    1. Agents and agent node candidate votes
    2. Other mining agents or agent candidates participating in the voting process
    3. The upgrade is passed when “yes” votes exceed 2/3 of the total number of the mining agents and agent candidates
    4. The agent that requests the upgrade can halt the upgrading process in case of emergency
    5. The agent that requests the upgrade can resume the upgrading process

Upgrading control has three purposes.

    1. Oversee the network, supervise the initiation, processing, and pausing/abandoning the upgrade.
    2. Monitor the communication between contract A and contract B.
    3. Optimize the concurrence of the testnet and the mainnet.

The upgradable chain marks a major step for the Aurora team. It promises to be the antidote to the scalability issues that the industry is facing. The Aurora network is faster than most public chains. “Upgradable Blockchain” further boosts versatility and utility of Aurora Chain-based decentralized apps. 

About Aurora

Aurora makes a breakthrough in the blockchain world. By applying DPOS+BFT consensus mechanisms, we’ve created lightning-fast contracts to link industries such as gaming, big data, artificial intelligence and IoT. Aurora offers unique intelligent application isolation, enabling multi-chain parallel expansion and an unlimited increase of TPS with guaranteed security.

This content is sponsored and should be regarded as promotional material. Opinions and statements expressed herein are those of the author and do not reflect the opinions of The Daily Hodl. The Daily Hodl is not a subsidiary of or owned by any ICOs, blockchain startups or companies that advertise on our platform. Investors should do their due diligence before making any high-risk investments in any ICOs, blockchain startups or cryptocurrencies. Please be advised that your investments are at your own risk, and any losses you may incur are your responsibility.


Follow Us on Twitter Facebook Telegram

Check out the Latest Industry Announcements
 

 
Submit a Press Release

Industry Announcements

  • Yesports Launches the Largest Esports Marketplace for Gaming Expansion Into Web3 Alongside 40+ Partners
    March 21, 2023
  • Metatime Raises $11M in Private Funding To Enhance Web 3.0 Ecosystem
    March 21, 2023
  • Coinfest Asia Is Back in 2023 Carrying the Theme of Web 2.5
    March 20, 2023
  • Poolz Security Incident Prompts Rapid Response and Platform Restructuring
    March 16, 2023
  • Sovryn Introduces Decentralized Bitcoin-Backed Sovryn Dollar To Combat Centralized Stablecoins
    March 16, 2023
  • Partnership Announcement – Oraichain x DoraHacks
    March 16, 2023
  • Wemade Announces Partnership With Space and Time To Power Blockchain and Gaming Services
    March 15, 2023
Submit a Guest Post
ADVERTISEMENT
Bitcoin
$28,274.58
$28,274.58
1.01%
Ethereum
$1,812.88
$1,812.88
3.63%
Cardano
$0.373574
$0.373574
11.24%
XRP
$0.471975
$0.471975
24.8%
Dogecoin
$0.077269
$0.077269
7.1%

Spotlight

  • Reminder: Credit Suisse Guilty of Tax Fraud and Subprime Mortgage Fraud, Accused of Aiding Clients Engaged in Torture, Drug Trafficking, and Money Laundering
    March 15, 2023
  • Four Major Crypto Exchanges Announce Support for Arbitrum (ARB) Ahead of Massive Airdrop
    March 18, 2023
  • Top Crypto Analyst Says Bitcoin Could Be Gearing Up for Parabolic Push – Here’s His Target
    March 21, 2023
  • Ethereum Creator Vitalik Buterin Sends 200 ETH to Crypto Exchange Kraken: PeckShield
    March 14, 2023
NBX Warsaw Summit Banner
DON'T MISS A BEAT
Crypto headlines delivered daily
to your inbox
BTC, ETH, XRP news alert options
By joining The Daily Hodl news list you agree to our
Terms and Conditions and Privacy Policy.
Featured Image: Shutterstock/Billion Photos

Cryptocurrency news and analysis, covering Bitcoin, Ethereum, Ripple, XRP, altcoins and blockchain technology

Categories

Bitcoin • Ethereum • Trading •
Ripple and XRP • Altcoins •
Blockchain • Regulators •
Scams • Crypto101 • HodlX •
Futuremash •
Industry Announcements

ABOUT US | EDITORIAL POLICY | PRIVACY POLICY
TERMS AND CONDITIONS | CONTACT | ADVERTISE

JOIN US ON TELEGRAM

JOIN US ON TWITTER

JOIN US ON FACEBOOK

COPYRIGHT © 2017-2023 THE DAILY HODL

No Result
View All Result
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Ripple and XRP
    • Altcoins
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams
    • Crypto 101
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Guest Post
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • ChainWire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Binance Coin (BNB)
  • BEGINNERS
    • What Is Bitcoin?
    • What Is Blockchain?
    • What Does Hodl Mean?
    • How to Pay Your Bills with Bitcoin
    • Best Bitcoin FAQs
    • Example of Bitcoin’s Purpose
    • Cryptocurrency Has Multiple Meanings
    • Authenticator Alert – Securing Your Crypto
  • SUBMIT
    • Guest Post
    • Press Release
    • Sponsored Post
    • Advertise
  • EMAIL ALERTS
  • DAILY HODL MIX

© 2023 The Daily Hodl