Binance, one of the world's leading cryptocurrency exchanges, announced that it supports the upcoming Rootstock Infrastructure Framework (RIF) network upgrade and Hard Fork.
Cryptocurrency Exchange Binance Will Support RIF NETWORK Upgrade
The network upgrade and Hard Fork of the RIF network is scheduled to take place at the Rootstock block height of 5,468,000, which is estimated to occur around 12-07-2023 19:00.
In preparation for this event, Binance will temporarily suspend RIF deposits and withdrawals from approximately 12-07-2023 18:00.
Despite the network upgrade and hard fork, RIF trading on Binance will not be affected. Users will be able to continue trading RIF seamlessly and uninterruptedly.
It is important to note that the network upgrade and hard fork of RIF will not result in the generation of new tokens.
Binance will handle all necessary technical matters on behalf of its users holding RIF in their Binance account. Users are advised not to take any additional action or meet technical requirements regarding network upgrade and hard fork.
Binance will notify users when the upgraded network is deemed stable and deposits and withdrawals for RIF will be reopened.
However, users should regularly check the Binance platform for updates on the availability of RIF deposits and withdrawals.
The RIF network upgrade and hard fork mark important developments for the Rootstock Infrastructure Framework.
Binance's support for this upgrade demonstrates its commitment to providing its users with a safe and reliable trading experience.
Binance aims to facilitate the seamless trading of RIF and contribute to the growth and development of the RIF network by meeting technical requirements and ensuring a smooth transition.
*Not investment advice.