Hedera Hashgraph
$0.16502 -6.77%
HBAR · 3w

[HIGHLY IMPORTANT] Hedera mainnet upgrade - HIP16 - Entity Auto-Renewal

Hi my fellow HbarBarians, It seems that Hedera is going to upgrade her mainnet very soon (3-June). I'm reading the key features to be upgraded and one item that still confuses me so please give your feedback if you have the details. In particular: in the next mainnet upgrade, HIP16 Entity Auto Renewal will be implemented. The full detail of HIP16 is here. [https://github.com/hashgraph/hedera-improvement-proposal/blob/master/HIP/hip-16.md](https://github.com/hashgraph/hedera-improvement-proposal/blob/master/HIP/hip-16.md) The key description is as follows: https://preview.redd.it/8zpmtxxc2z171.png?width=1047&format=png&auto=webp&s=b391bfc470686a867d42dc29a13e21fd202a23c4 https://preview.redd.it/wvofzlcf2z171.png?width=1042&format=png&auto=webp&s=a9fecfab7f2e9d7335e830905063bcebf89321a7 My take when reading this: \- This helps eliminate the "dead" accounts in Hedera mainnet. This is great and ensure that all reported mainnet accounts are active ones. So fully align with our motto: all substance no hype. My question: \- I hold my HBARs in my Hedera mainnet account (using myhbarwallet). Do I have to take any action due to this HIP16 to ensure that my account is "alive"? That's quite a huge bag if I can say that so if it's dead I'm gonna be in tears literally :)) Thank you.
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