WeGro Coin is dedicated to ongoing fintech innovation and offering the greatest possible experience to our community. As part of our ongoing efforts, we implemented a soft fork on Thursday, May 11, 2023. You may be asking yourself, “What exactly is a soft fork and how does this impact me as a holder?”
In this blog post, we’ll explain why we chose to take this step, the benefits it brings to our token holders, and shed some light on what a soft fork entails.
Why a Soft Fork?
A soft fork is a method used to update a blockchain protocol without creating a permanent divergence in the network. It allows for backward compatibility, meaning that older versions of the software can still function within the updated network. This approach enables a seamless transition and ensures the participation of all members of the community.
For WeGro Coin, a soft fork presented several key advantages:
Enhanced Efficiency: Gas fees have been significantly reduced, making transactions more affordable. Lower fees encourage more frequent and cost-effective interactions within the ecosystem.
Accelerated Transactions: With transaction processing times significantly reduced, network confirmations are faster than ever.
Strengthened Security: WeGro Coin takes security seriously. Through the soft fork, we have upgraded our security protocols to the latest industry standards, ensuring robust protection against potential threats and vulnerabilities.
Automatic Circulating Supply Updates: Token burns now seamlessly update the total circulating supply on Binance Smart Chain (BSC) and CoinMarketCap. This automation streamlines the process and provides accurate and up-to-date information about the circulating supply of WeGro Coin.
Increased Exposure and Adoption: By implementing these upgrades, we position ourselves to gain more exposure on exchanges and various announcement platforms. This heightened visibility opens doors to new partnerships, wider recognition, and increased adoption of WeGro Coin, ultimately benefiting the entire ecosystem.
The Importance of Regular Upgrades: Soft forks are a testament to our commitment to continuous improvement. WeGro Coin aims to remain at the forefront of technology and security, which is why we have set a regular code upgrade schedule every 60 to 90 days.
The decision to implement a soft fork at WeGro Coin reflects our dedication to delivering a superior experience for our community. Through reduced gas fees, faster transactions, enhanced security, automatic supply updates, and increased exposure, we are setting the stage for continued growth and prosperity.
WeGro Coin remains committed to providing our community with innovative solutions and staying ahead of the curve in the ever-evolving world of cryptocurrencies. We invite you to join us on this exciting journey, as together we shape the future of decentralized finance.
If you have any questions, feel free to reach out to our team. Stay tuned to our official channels and social media platforms for the latest updates, announcements, and engaging discussions!