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Binance will support Kadena Network Upgrade! Also, it announced that it will also support Hard Fork. This update, planned to implement at a block height of 4,177,889, will be on October 20, 2023.
Related: What Is Kadena (KDA)?
Stuart Popejoy and Will Martino founded the project in 2016. Kadena is a public blockchain equipped with a smart contract language called Pact, intended to optimize scalability, formal verification, and scalability. It also runs network transactions in parallel and utilizes a PoW consensus mechanism, called Chainweb, composed of separately mined multiple chains.
Starting from October 18, 2023, at 02.00, the deposit and withdrawal of tokens on the Kadena network will be temporarily suspended. However, nothing cannot affect trading activities during this period.
After announcing Binance Will Support Kadena, other announcement came from Binance. It is guaranteeing that users will take all technical precautions for a smooth transition. After the network upgrade is ready, the deposit and withdrawal operations for tokens on the Kadena network will resume. The exchange also explicitly stated that it would not make another announcement regarding this process.
Investors can use Binance ‘s official communication channels and platforms for more information and updates.
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