Story IP is preparing for a significant network upgrade and hard fork scheduled for January 14. According to the official information, this initiative is designed to enhance scalability and improve the efficiency of validators within the network.
Validator Software Update Required
As part of the upgrade process, all validators are required to update their software to ensure compatibility with the new system. Major exchanges, including OKX, have announced that they will temporarily suspend deposits and withdrawals during the transition period to maintain network integrity.
Potential Short-Term Volatility
While the upgrade is anticipated to yield long-term advantages for the Story IP ecosystem, experts warn that it could trigger short-term volatility in trading activities. Investors and traders are advised to stay informed and exercise caution as the date approaches.
Recently, the Starknet team addressed a mainnet downtime incident that raised concerns about network reliability. As Story IP prepares for its upcoming upgrade, the lessons learned from this event are crucial for ensuring a smooth transition. For more details, see further information.
