Pre-Notice of Finschia Mainnet 2.0 Upgrade

Finschia
Finschia
Published in
2 min readOct 18, 2023

Hello, this is the Finschia Foundation.

Followed by the successful launch of the Finschia mainnet and the introduction of the consortium system to fortify ecosystem stability, we, the Finschia Foundation, are pleased to elevate the mainnet version to 2.0. This upgrade is strategically aligned to bolster the governance framework and enhance network stability, while concurrently fostering an environment conducive to the unencumbered development and onboarding of dApps and services onto the public chain.

Upgrade details

Finschia core pillar (finschia-sdk, Ostracon) updates:

  • Cosmos-SDK upgraded to v0.45.10
  • Tendermint upgraded to v0.34.24

Governance adjustment:

  • Transfer of FoundationTax parameter management from Foundation(x/foundation) to On-chain governance(x/gov)

Enhanced functionality:

  • Replaced libsodium VRF library with curve25519-voi for improved Ostraon’s Verified Random Function (VRF)

Infrastructure upgrade:

  • Adoption of Go 1.20

Bug fixes:

  • Resolution of issues impacting the total supply of Fungible Token(FT) in x/collection

Upgrade schedule

October 31, 2023 (Tue)

  • Chain suspension and upgrade: 14:00–16:00 KST
  • The suspension and resumption of deposits and withdrawals on FINSCHIA (FNSA) exchanges varies by exchange, so please check the exchange’s announcement.

❖ End time may vary depending on progress.

❖ The upgrade schedule is subject to change based on internal testing and other development considerations. If any changes, a separate announcement will be made.

Please refer to the provided mainnet upgrade schedule to avoid any service inconvenience in advance. We trust you will continue to be a vital part of our ongoing journey as we rapidly advance towards the center of Web3 popularization, nurturing a public blockchain and ecosystem accessible to a billion users. We thank you for your unwavering support.

We are the blockchain for all.

Finschia Foundation

Disclaimer: The FNSA staking and swapping activities available on the blockchain mainnet “Finschia” are not regulated and are not provided under the Finschia Foundation license.

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