IoTeX to Undergo Hard Fork on June 19th

IoTeX has announced the v.2.2.0 upgrade for its Layer 1 blockchain, scheduled to activate at block 36,893,881—estimated to occur on June 19, at 01:28 UTC. The upgrade introduces two major improvements: block time is reduced from 5 seconds to 2.5 seconds, and System Staking v.3.0 replaces the deprecated v.2.0.All node operators must upgrade to v.2.2.0 to maintain network compatibility. No configuration changes are needed—nodes simply require a restart with the updated image. Full details are available on GitHub. Refer to the official tweet by IOTX: IoTeX L1 v2.2.0 Upgrade IncomingHardfork at block 36,893,881 (ETA: June 19, 2025 @ 01:28 UTC)⚠️ All nodes must upgrade to v2.2.0 to stay in sync with the blockchain.No config changes needed. Just restart your node with the new image.What’s new:• Block time ⏱️ halved: 5s… IOTX InfoIoTeX (IOTX) is an open-source blockchain platform specifically designed for the Internet of Things (IoT) with a strong emphasis on scalability, privacy, isolation, and the ability to develop decentralized applications and IoT ecosystems.IoTeX was created to address the technical challenges faced by existing IoT ecosystems, such as security issues, high maintenance costs, and scalability limitations. The project is developing a new blockchain architecture to support a large number of IoT devices.At the core of IoTeX is the concept of "blockchain within a blockchain." The main network, or "root blockchain," is responsible for network management and security, while internal blockchains, or "sub-blockchains," are used to manage various IoT devices and process transactions.The IoTeX network utilizes its native token, IOTX, for operations such as transaction fee payments and participation in network governance.