Binance Announces It Will Support This Ethereum Rival Altcoin!

The biggest altcoin Ethereum (ETH) one of its biggest competitors Polygon (MATIC) Its developers announced that a new hardfork update is needed to prevent the increase in gas fees and make the blockchain network more secure.

The Polygon team also said in a statement. “The proposed hardfork for the Polygon PoS chain will introduce significant upgrades to the network on Jan. 17.” said.

The expected day has come and as the countdown begins for the hardfork, the world’s largest cryptocurrency exchange BinanceA statement about the Polygon hard fork came from .

polygon Stating that it will support network upgrade and hard fork, Binance said:

“Binance will support Polygon (MATIC) network upgrade and hard fork.

Polygon (MATIC) mesh upgrade and hard fork will take place at Polygon block height 38,189,056 i.e. at approximately 17/01/2023 09:00 CET.

MATIC deposits and withdrawals will be suspended approximately as of 20:00 on 17/01/2023.

MATIC trading will not be affected during network upgrade and hard fork.

Binance will meet all relevant technical requirements for all users holding MATIC in their Binance account.

No new tokens will be created as a result of this Polygon (MATIC) network upgrade and hard fork.

Once we determine that the upgraded network is stable, we will reopen MATIC deposits and withdrawals and will not inform users with any further announcements.”

It has increased by 18.84% in the last 7 days and 1.67% in the last 24 hours. polygon It continues to trade at $1.01 at the time of writing.

#BinancePolygon ( $MATIC) will support network upgrade and hard fork. ⬇️https://t.co/b0mQFLDUJI

— Binance Turkey (@Binance_Turkish) January 17, 2023