Binance to support the upcoming upgrade of the Ronin (RON) Network

Binance, one of the largest cryptocurrency exchanges in the world, has formally announced its support for the upcoming Ronin (RON) network upgrade and hard fork. This announcement is part of Binance’s commitment to providing its users with a seamless trading experience.

The Ronin network upgrade and hard fork are scheduled to occur at the Ronin block height of 24,935,500. To facilitate a smooth transition, Binance will temporarily suspend deposits and withdrawals of tokens via the Ronin network, starting June 13, 2023, at 04:30 (UTC). This proactive measure ensures that the upgrade process can proceed without any disruptions.

This network upgrade and hard fork will not result in the creation of new tokens. The primary goal of this upgrade is to improve the functionality and efficacy of the Ronin network, thereby enhancing the trading experience for its users. Traders who rely on Binance can anticipate enhanced security and efficiency.

After determining that the upgraded network is functional, Binance will reopen deposits and withdrawals of tokens via the Ronin network. Notably, Binance will not notify users separately when these services are restored. Users are encouraged to follow the official Binance channels, including the comprehensive Binance review, for any pertinent information.

Binance is committed to providing its customers with up-to-date and accurate information about the upcoming Ronin network hard fork and upgrade. To avoid any confusion, Binance stresses that the English version of the notification takes precedence over any translated version. This dedication to clarity and transparency demonstrates Binance’s commitment to its users’ contentment.

Binance has demonstrated its dedication to the advancement of blockchain technology by openly backing this network upgrade and hard fork. Binance seeks to provide a secure and user-friendly trading platform for a variety of cryptocurrencies, including RON, the native token of the Ronin network.

As the cryptocurrency industry evolves, network upgrades and hard forks play a crucial role in enhancing blockchain networks’ overall efficacy and functionality. Binance’s support for the Ronin network upgrade demonstrates its dedication to embracing and adapting to technological advancements in the cryptocurrency sector. As a consequence of this upgrade and hard fork, traders can expect enhanced features and capabilities.

Binance is committed to keeping its users informed throughout the transition and ensuring a smooth transition. Their support for the Ronin (RON) network upgrade and hard fork demonstrates their commitment to innovation within the cryptocurrency ecosystem. By temporarily suspending deposits and withdrawals, Binance hopes to facilitate a seamless user transition while prioritizing the network’s stability and security. This commitment strengthens Binance’s position as the premier cryptocurrency exchange that prioritizes its users’ requirements.

David Cox

David is a finance graduate and crypto enthusiast. He projects his expertise in subjects like crypto and Blockchain while writing for CryptoNewsZ. Being from Finance background, he efficiently writes Price Analysis. Apart from writing, he actively nurtures hobbies like sports and movies.

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