Monday, November 28, 2022
 

Binance to Support Dash And IOST Network Upgrades, Hard Forks

  • The time of the Dash and IOST network upgrades and Hardforks have been announced.
  • The trading activities on the networks would not be impacted during the network upgrades.
  • This follows Binance adding LUNC and USTC to Binance Convert.

The world’s largest cryptocurrency exchange, Binance, announced on Tuesday that the exchange is going to add support to Dash (DASH) and IOST (IOST) network upgrades & Hard Forks.

According to Binance,the Dash (DASH) network upgrade, and the hard fork will take place on September 13 at 20:00. Meanwhile, the IOST (IOST) network upgrade and the hard fork will take place on September 18 at 04:00. (UTC).

Binance assured its users that the trading activities on Dash and IOST networks would not be impacted during the network upgrades and hard forks.

The IOST blockchain ecosystem is one of the most established projects in the crypto industry, which, according to its creators, is highly scalable and uses its own consensus algorithm, called proof-of-believability.

Launched in 2014, DASH is a cryptocurrency that was developed independently of Bitcoin. Dash is a digital currency that can be used as cash, a credit card, or through PayPal, and its objective is to become a standard for daily transactions.

Notably,this announcement comes in quick succession after Binance added LUNC and USTC to Binance Convert, a tool that enables users to convert crypto. The tool instantly processes all transactions based on the provided ratio. Binance has also recently announced that tax burn would be applied to all on-chain transactions, such as deposits and withdrawals.

The announcement goes on to state that no new tokens will be created as a result of the network upgrades and hard forks, and Binance will resolve all technical requirements involved for all users.

Once the upgraded networks are deemed stable, Binance will immediately reopen deposits and withdrawals for the Dash (DASH) and IOST (IOST) networks without an additional announcement for the users.

  • The time of the Dash and IOST network upgrades and Hardforks have been announced.
  • The trading activities on the networks would not be impacted during the network upgrades.
  • This follows Binance adding LUNC and USTC to Binance Convert.

The world’s largest cryptocurrency exchange, Binance, announced on Tuesday that the exchange is going to add support to Dash (DASH) and IOST (IOST) network upgrades & Hard Forks.

According to Binance,the Dash (DASH) network upgrade, and the hard fork will take place on September 13 at 20:00. Meanwhile, the IOST (IOST) network upgrade and the hard fork will take place on September 18 at 04:00. (UTC).

Binance assured its users that the trading activities on Dash and IOST networks would not be impacted during the network upgrades and hard forks.

The IOST blockchain ecosystem is one of the most established projects in the crypto industry, which, according to its creators, is highly scalable and uses its own consensus algorithm, called proof-of-believability.

Launched in 2014, DASH is a cryptocurrency that was developed independently of Bitcoin. Dash is a digital currency that can be used as cash, a credit card, or through PayPal, and its objective is to become a standard for daily transactions.

Notably,this announcement comes in quick succession after Binance added LUNC and USTC to Binance Convert, a tool that enables users to convert crypto. The tool instantly processes all transactions based on the provided ratio. Binance has also recently announced that tax burn would be applied to all on-chain transactions, such as deposits and withdrawals.

The announcement goes on to state that no new tokens will be created as a result of the network upgrades and hard forks, and Binance will resolve all technical requirements involved for all users.

Once the upgraded networks are deemed stable, Binance will immediately reopen deposits and withdrawals for the Dash (DASH) and IOST (IOST) networks without an additional announcement for the users.

 

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