Binance, one of the world's largest cryptocurrency exchanges, has announced support for the upcoming network upgrade and Hard Fork of the Rootstock (RIF) network.
Binance Rootstock (RIF) Announces Network Upgrade and Hard Fork Support
The upgrade aims to improve network performance and user experience, and Binance is taking steps to ensure a smooth transition for its users.
Binance will temporarily suspend token deposits and withdrawals to the Rootstock (RIF) network starting at approximately 17:00 on April 3, 2024.
This suspension is part of Binance's efforts to smoothly handle network upgrades and hard forks.
The network upgrade and hard fork is scheduled to occur at block height 6,223,700, or around 18:00 on April 3, 2024.
During this period, token trading on the Rootstock (RIF) network will not be affected, allowing users to continue trading without interruption.
Binance assures its users that all technical requirements regarding the upgrade will be met by the exchange so that its users will have a hassle-free experience.
Once the upgraded network is deemed stable, Binance will reopen deposits and withdrawals for tokens on the Rootstock (RIF) network.
It is important to note that no further announcements will be made regarding the reopening of deposits and withdrawals once the upgraded network is deemed stable.
Binance advises users to stay informed and follow the exchange's official channels for updates regarding the upgrade of the Rootstock (RIF) network.
*This is not investment advice.