What happens to your tokens when a blockchain announces it is shutting down?
đ§ In plain words
Per CryptoSlate, the Ethereum layer-2 network Abstract plans to shut down on December 15 and told users to move their assets before then. It is like a bank branch closing: your money is still yours, but you need your card, a working route out and time to complete the transfer. Some exit routes may have earlier cut-offs, and the native bridge has about a three-hour delay.
â What it means for you
âą Make sure you still control the wallet that holds assets on Abstract
âą Use only official channels to find migration routes
âą Leave time for bridge delays and any claim steps back on $ETH
Takeaway: owning an asset and being able to move it are not the same thing, so act early.
#Layer2 #Ethereum
đ§ In plain words
Per CryptoSlate, the Ethereum layer-2 network Abstract plans to shut down on December 15 and told users to move their assets before then. It is like a bank branch closing: your money is still yours, but you need your card, a working route out and time to complete the transfer. Some exit routes may have earlier cut-offs, and the native bridge has about a three-hour delay.
â What it means for you
âą Make sure you still control the wallet that holds assets on Abstract
âą Use only official channels to find migration routes
âą Leave time for bridge delays and any claim steps back on $ETH
Takeaway: owning an asset and being able to move it are not the same thing, so act early.
#Layer2 #Ethereum