#Binance announced that it is ready to support the upcoming network upgrade and Hard Fork of the altcoin Ronin (RON).

This important event is planned to take place at an altitude of 24,935,500 #Ronin blocks. As part of the upgrade process, token deposits and withdrawals via the Ronin network will be temporarily suspended.

Users can expect these suspensions to begin approximately 2023-06-13 07:30.

It is worth noting that the network upgrade and hard fork for Ronin (RON) will not lead to the creation of new tokens. Instead, the primary purpose of this upgrade is to improve the overall functionality, performance, and stability of the Ronin network.

During this transition period, Binance will handle all technical issues required to ensure a smooth upgrade process for its users.

“Those who hold tokens from the Ronin network in their Binance accounts can be assured that necessary precautions will be taken to ensure a smooth upgrade.”

Once the upgraded network is deemed stable by Binance, the platform will reopen token deposits and withdrawals via the Ronin network. It is important to note that Binance will not release a separate announcement to inform users of the reopening.

Therefore, users are advised to stay updated and check the platform regularly for any updates regarding the status of the Ronin network upgrade.

By supporting the Ronin (RON) network upgrade and Hard Fork, Binance demonstrates its commitment to facilitating the smooth operation and development of the blockchain ecosystem.

The upgrade aims to increase the capabilities and efficiency of the Ronin network, providing users with a better experience and strengthening the resilience of the overall ecosystem.