Hermes Hardfork to Elevate Beldex Network’s Privacy and Decentralization

Beldex,
a
leader
in
privacy-centric
blockchain
technology,
is
set
to
launch
the
Hermes
hardfork
around
September
5,
2024,
at
block
height 3546545.
Following
the
success
of
the
Bern
hardfork,
Hermes
represents
a
pivotal
advancement
in
Beldex’s
mission
to
enhance
network
performance,
interoperability,
security,
and
decentralization.

The
Hermes
hardfork,
named
after
Hermes,
the
god
of
speed
and
communication,
introduces
significant
updates
aimed
at
streamlining
network
interactions
and
enhancing
infrastructure.
A
key
feature
of
this
upgrade
is
the
integration
of
Ethereum
addresses
into
the
Beldex
Naming
System
(BNS).
This
enables
users
to
link
their
Ethereum
wallet
addresses
with
BNS
identities,
facilitating
seamless
cross-chain
transactions
and
promoting
interoperability
between
blockchain
ecosystems.
By
supporting
Ethereum
addresses,
Beldex
broadens
its
reach,
empowering
users
to
engage
across
various
blockchain
networks
with
ease.

Aligned
with
Beldex’s
dedication
to
decentralization,
the
Hermes
hardfork
introduces
a
limit
of
three
multi-masternode
setups
per
VPS.
This
measure
prevents
centralization,
ensuring
a
more
balanced
distribution
of
power
among
network
participants.
This
also
ensures
that
the
underlying
applications
such
as
BChat
&
BelNet
function
seamlessly.
The
Hermes
hardfork
strengthens
the
network’s
resilience
and
upholds
Beldex’s
core
principles
of
privacy,
decentralization
and
security.

The
Hermes
hardfork
also
resolves
issues
specific
to
macOS
users,
addressing
challenges
with
the
macOS
Sonoma
build.
These
updates
ensure
Beldex
remains
accessible
and
functional
across
different
operating
systems,
providing
a
consistent
and
seamless
user
experience
for
all
participants.

The
Hermes
hardfork
is
poised
to
deliver
substantial
benefits
to
the
Beldex
community,
including
improved
cross-chain
compatibility,
enhanced
network
security,
and
reinforced
decentralization.
Additionally,
the
introduction
of
multi-masternode
limits
will
necessitate
some
users
to
migrate
their
nodes
to
new
VPS
machines.
Beldex
will
provide
detailed
guidance
to
support
users
through
this
transition,
ensuring
continuous
node
activity
within
the
network.

While
the
Bern
hardfork
was
instrumental
in
establishing
the
Beldex
Naming
System
and
implementing
a
deflationary
tokenomics
model
via
the
BDX
coin-burning
mechanism,
the
Hermes
hardfork
focuses
on
advancing
the
network’s
technological
capabilities.
By
enhancing
the
usability,
security,
and
interoperability
of
BNS,
Hermes
builds
on
Bern’s
achievements
and
ensures
Beldex’s
ongoing
evolution
to
benefit
its
users.

The
Hermes
hardfork
heralds
a
new
era
of
innovation
for
the
Beldex
network,
further
solidifying
its
status
as
a
leader
in
privacy-focused
blockchain
solutions.
With
enhanced
features,
strengthened
security,
and
a
steadfast
commitment
to
decentralization
and
interoperability,
Hermes
paves
the
way
for
continued
growth
and
development
within
the
Beldex
ecosystem.
It
also
lays
the
foundation
for
Beldex’s
collaboration
with
other
blockchain
networks.
The
community
can
anticipate
even
more
groundbreaking
innovations
as
Beldex
shapes
the
future
of
decentralized
technology.

Media
Contact: Shawn
Gabriel
[email protected]
Beldex
International

For
more
information,
visit Beldex.io.
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