Binance, a prominent player in the cryptocurrency industry, has officially declared its backing for the Rootstock (RIF) network’s upcoming network upgrade and Hard Fork. This move by Binance, known for its proactive support of blockchain developments, underscores the significance of this event for the crypto community.
The primary objective of this upgrade is to enhance the overall performance and user experience of the Rootstock (RIF) network. Binance is committed to ensuring a seamless transition for its users during this crucial phase of network development.
To facilitate this process, Binance will temporarily halt token deposits and withdrawals to the Rootstock (RIF) network starting from approximately 17:00 on April 3, 2024. This proactive measure is aimed at enabling Binance to effectively manage the network upgrade and hard fork.
The scheduled time for the network upgrade and hard fork is set to occur at block height 6,223,700, around 18:00 on April 3, 2024. Despite this temporary suspension, token trading on the Rootstock (RIF) network will remain unaffected, allowing users to continue trading without any interruptions.
Binance assures its users that all technical requirements essential for the smooth transition to the upgraded network will be diligently met by the exchange. Once the network is deemed stable post-upgrade, Binance will resume token deposits and withdrawals for the Rootstock (RIF) network.
It is crucial for users to note that Binance will not issue further announcements regarding the reopening of deposits and withdrawals once the upgraded network achieves stability. Therefore, users are advised to stay informed by following Binance’s official communication channels for timely updates on the Rootstock (RIF) network upgrade.
As a reminder, the information provided here does not constitute investment advice, and individuals should always conduct their research and exercise caution when engaging in crypto-related activities.
