Bitfinex Supporting Cosmos Network Upgrade
On February 16, according to the official announcement, Bitlinex will support Cosmos (ATOM) network upgrade. ATOM charging will be suspended from about 20:00 B…
On February 16, according to the official announcement, Bitlinex will support Cosmos (ATOM) network upgrade. ATOM charging will be suspended from about 20:00 Beijing time on February 16 until the Cosmos network is stable. ATOM transactions will not be affected.
Bitlinex will support Cosmos (ATOM) network upgrade
Interpretation of the news:
Bitfinex, a cryptocurrency trading platform, has recently announced its support for the Cosmos network upgrade, which is expected to take effect on February 16. As part of the process, Bitfinex will suspend ATOM charging from approximately 20:00 Beijing time and until Cosmos network becomes stable. However, the upgrade will not affect ATOM transactions.
Cosmos, the blockchain interoperability network, has become a pioneer in the world of blockchain for its unique approach to addressing the challenges of interoperability that commonly exist in the industry. Its upgrade is of great importance and marks an important phase for the network’s growth and development.
Bitfinex’s support for the upgrade is a significant step forward for both the Cosmos network and Bitfinex as a platform. The upgrade is expected to provide the Cosmos network with new and improved features to enhance its functionality and security. The suspension of ATOM charging is necessary to allow for the successful completion of the network upgrade.
However, users do not have to worry about their ATOM transactions. They will still be able to carry out all transaction activities with ATOM without any interruption.
In conclusion, Bitfinex’s acceptance and backing of the Cosmos network upgrade is a positive sign for the industry. It shows the willingness of major players to embrace blockchain technology and support growth initiatives within the ecosystem. As the industry continues to evolve and progress, it is expected that critical updates and advancements, such as the Cosmos network upgrade, will help drive widespread adoption of cryptocurrencies and shape the future of finance.
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