In preparation for the last hard-fork back in October, we had mentioned that we anticipated one more hard-fork. This is to materialize the accounts from our recently concluded Stacks distribution campaign in partnership with blockchain.com.
This hard fork is expected to go live on or about January 17, 2020 , at Bitcoin block 613250 and will continue on for the following ~30 blocks. Approximately 300,000 new STX addresses will be materialized during this process.
As before, this hardfork should not be confused with the upgrade to Stacks V2 blockchain, which is expected later this year. Stacks 2.0 will be a significant upgrade of the Stacks blockchain featuring a ground-up clean slate implementation in Rust, major new capabilities including Clarity (our safe and decidable smart-contract language) and native Stacks mining.
We anticipate this is the last hardfork that Blockstack PBC will oversee; going forward, we expect that all protocol changes (including the V2 upgrade), will be triggered by nodes on the Blockstack network (Stacks miners).
It’s worth noting that in addition to aforementioned features, Stacks 2.0 will also support introducing network upgrades via soft-forks, allowing in-place upgrades for many new features and capabilities.
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This communication contains forward-looking statements that are based on our beliefs and assumptions and on information currently available to us. In some cases, you can identify forward-looking statements by the following words: “will,” “expect,” “would,” “intend,” “believe,” or other comparable terminology. Forward-looking statements in this document include, but are not limited to, statements about our plans for developing the platform, future hard forks, and our Clarity smart contracting language. These statements involve risks, uncertainties, assumptions and other factors that may cause actual results or performance to be materially different. More information on the factors, risks and uncertainties that could cause or contribute to such differences is included in our filings with the SEC, including in the “Risk Factors” and “Management’s Discussion & Analysis” sections of our offering statement on Form 1-A. We cannot assure you that the forward-looking statements will prove to be accurate. These forward-looking statements speak only as of the date hereof. We disclaim any obligation to update these forward-looking statements.