Coin Security to Support Injective Network Upgrades and Hard Forking

03/17/2023 13:00 • Daily Digest • 73 views

According to reports, Coin Security announced that it will support Injective (INJ) network upgrades and hard forking. INJ coin charging and withdrawal will be suspended around 22:00 Beijing time on March 17, and INJ transactions will not be affected during network upgrades and hard forks. The Injective (INJ) network upgrade and hard branching will take place in block 28864000. This upgrade and hard fork will not create new tokens, and the INJ charging service will be reopened after the upgrade is completed.

Coin security will support Injective network upgrades and hard forking, and charging and withdrawing coins will be suspended around 22:00 today

Analysis based on this information:

Coin Security, a cryptocurrency exchange, has announced that it will support the Injective (INJ) network upgrades and hard forking. The company announced that the charging and withdrawal of INJ coin will be suspended from 22:00 Beijing time on March 17, 2021. However, INJ transactions during this period will not be affected. The hard fork and network upgrades will take place in block 28864000, and it is important to note that no new tokens will be created during this process.

Hard forking is a process that involves the separation of a blockchain network into two separate and independent networks. The purpose of hard forking is to make significant changes to the blockchain network, such as improving its security or adding new features. The hard forking process can be complex and requires detailed planning to ensure that the process is carried out smoothly. Injective’s network upgrade and hard fork will take place at a specific block number to ensure that there is minimal disruption to the network.

The suspension of INJ coin charging and withdrawal during the upgrade and hard fork is a standard industry practice. This is done to ensure that the changes made during the upgrade and hard forking process are secure and do not harm the network. It is important to note that during this period, transactions of INJ coins will not be affected, and users can still trade INJ on the exchange.

Once the upgrade and hard fork are completed, the INJ charging service will be reopened. This means that users will be able to recharge and withdraw INJ coins. This process is expected to be completed within a few hours of the completion of the upgrade and hard forking process.

In conclusion, Coin Security’s support for Injective’s network upgrades and hard forking is an important step in the development of the Injective ecosystem. The announcement provides a clear plan to ensure minimal disruption to users and the network. With this announcement, the company is showing its commitment to the growth and development of the platform, and users can have confidence in the stability and security of their investments.

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