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# Finalize V2 Hardfork Dates | ||
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The V2 hardfork is scheduled to modernize Sia's consensus protocol, which has been untouched since Sia's mainnet launch back in 2014, and improve accessibility of the storage network. To ensure a smooth transition from V1, it will be executed in two phases. Additional documentation on upgrading will be released in the near future. | ||
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### V2 Highlights | ||
- Drastically reduces blockchain size on disk | ||
- Improves UTXO spend policies - including HTLC support for Atomic Swaps | ||
- More efficient contract renewals - reducing lock up requirements for hosts and renters | ||
- Improved transfer speeds - enables hot storage | ||
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### Phase 1 - Allow Height | ||
- **Activation Height:** `513400` (March 10th, 2025) | ||
- **New Features:** V2 transactions, contracts, and RHP4 | ||
- **V1 Support:** Both V1 and V2 will be supported during this phase | ||
- **Purpose:** This period gives time for integrators to transition from V1 to V2 | ||
- **Requirements:** Users will need to update to support the hardfork before this block height | ||
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### Phase 2 - Require Height | ||
- **Activation Height:** `526000` (June 6th, 2025) | ||
- **New Features:** The consensus database can be trimmed to only store the Merkle proofs | ||
- **V1 Support:** V1 will be disabled, including RHP2 and RHP3. Only V2 transactions will be accepted | ||
- **Requirements:** Developers will need to update their apps to support V2 transactions and RHP4 before this block height |