Binance has announced that it is ready to support the upcoming network upgrade and Hard Fork of altcoin Ronin (RON).
Cryptocurrency Exchange Binance Will Support Network Upgrade and Hard Fork of Altcoin RON
This important event is planned to take place at a block height of 24,935,500 Ronin. As part of the upgrade process, token deposits and withdrawals through the Ronin network will be temporarily suspended.
Users can expect these suspensions to begin approximately 2023-06-13 07:30.
It should be noted that the network upgrade and hard fork for Ronin (RON) will not lead to the creation of new tokens. Instead, the primary purpose of this upgrade is to improve the overall functionality, performance and stability of the Ronin network.
During this transition period, Binance will take care of all the technical issues necessary to ensure a smooth upgrade process for its users.
"Those who hold tokens through the Ronin network in their Binance account can be assured that the necessary measures will be taken to ensure a smooth upgrade process."
Once the upgraded network is deemed stable by Binance, the platform will reopen token deposits and withdrawals via the Ronin network. It is important to note that Binance will not post a separate announcement to notify users of the reopening.
Therefore, it is recommended that users stay up to date and regularly check the platform for any updates on the status of the Ronin network upgrade.
Binance demonstrates its commitment to facilitate the smooth functioning and development of the blockchain ecosystem by supporting Ronin (RON) network upgrade and Hard Fork.
The upgrade aims to increase the capabilities and efficiency of the Ronin network, providing users with a better experience and strengthening the resilience of the overall ecosystem.
*Not investment advice.