EOS Mandel 3.1 Hardfork Details and TAHello friends.
Today im going to tell you some details about EOSIO Mandel 3.1 hardfork.
without wasting time lets go...
First lets see what is EOS Network?
The EOS Network is a 3rd generation blockchain platform powered by
the EOS VM, a low-latency, highly performant, and extensible WebAssembly engine for deterministic execution of near feeless transactions;
purpose-built for enabling optimal web3 user and developer experiences.
EOS is the flagship blockchain and financial center of the EOSIO protocol, serving as the driving force behind multi-chain collaboration
and public goods funding for tools and infrastructure through the EOS Network Foundation (ENF).
On Wednesday September 21 2022 EOS block producers will begin carving a new path toward self determination
by executing a coordinated consensus upgrade to Mandel 3.1.
Anyone running a node must upgrade their nodes before September 21 to continue syncing with the network.
The coordinated consensus upgrade to the Mandel 3.1 release includes priorities guided by network consensus.
With this release a coalition of EOSIO networks officially replaces the previously inattentive EOSIO developers
with the EOS Network Foundation (ENF) core development team.
This emancipation enables cross-chain collaboration and pushes the network into the future.
The Mandel upgrade represents the network assuming ownership of its own codebase.
As guardians of the network, block producers on EOS assume responsibility for stable network upgrades.
However with consensus upgrades all nodes in the network need to be updated.
I show the new Roadmap of EOS in chart.take a look.
Technical Considerations:
After a very important support level at 1.60 breaked down the price decreaced to 0.8 level.
but now price recover its loses and com back to this important level.
i think we have 2 possible scenario:
1)If BTC and TOTAL market cap of cryptocurrencies increase in coming days , EOS price can surpass
this level and 200MA and after that running for targets at 2.40 , 3.50 , 4.80.
4.80 is a longterm target but is very important level.because this price located at 61.8% RET Fibo of past price leg
and exactly POC (point of control).
so if we rally up , this targets are possible.
2)If total marketcap fall according to increase Intrest rate by Federal Reserve of any Macro happening ,
EOS price will reaction to this level as a resistance and fall down again.
So you can wait and see what happen.
if price consolidate above this level and you see some signs of growing , you can Enter the market
But if price cant go above this level and behave as a resistance you should stay away now and in lower
levels you can enter this project for investing.
DONT forget to set a Stoploss for your Purchases.
We are in a Risky market and must be careful...
I hope all of you have Healthy and great time.
