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.
The key description is as follows:
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.
\- 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 :))
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