Injective Network Upgrade: Upbit’s Crucial Suspension for Enhanced Security
Main Idea
Upbit will temporarily suspend INJ token deposits and withdrawals to facilitate the Injective network upgrade, which aims to enhance performance, security, and scalability for decentralized finance applications.
Key Points
1. Upbit will suspend INJ deposits and withdrawals starting July 31 at 10:00 UTC to support the Injective network upgrade.
2. The Injective network upgrade is designed to improve network throughput, security, scalability, and introduce new features for DeFi applications.
3. The suspension is a standard practice to ensure a secure and reliable trading environment during the upgrade.
4. INJ holders on Upbit do not need to take action unless they plan to deposit or withdraw tokens before the suspension begins.
5. Services will resume once the upgrade is complete and the network is deemed stable.
Description
BitcoinWorld Injective Network Upgrade: Upbit’s Crucial Suspension for Enhanced Security In the dynamic and ever-evolving world of cryptocurrency, progress often comes in the form of significant technological advancements. South Korean crypto exchange giant, Upbit, has recently issued an important announcement that directly impacts holders of the INJ token. Starting July 31, at 10:00 UTC, Upbit will temporarily suspend deposits and withdrawals of INJ to facilitate a crucial Injective network upg...
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