Update Completed in Altcoin That Binance Declared Support!

Cryptocurrency Injective (INJ), which the exchange Binance announced that it will support the update in your altcoin According to the developers’ statement, the update has been completed.

Binance said in its statement that they will take care of every technical detail about the update and that users do not need to take any action.

No new tokens were created after the hard fork.

Regarding the update, the developers said:

“The latest Injective (INJ) mainnet upgrade is now live.

New updates bring enhanced smart contract features, bulk user accounts, automations and much more.

Get ready for a whole new Injective experience and stay alert for upcoming chain upgrades.”

What Are the Details of Injective (INJ) Altcoin Update?

The following statements about the details of the update are available on the Injective official website:

• One of the new features is that the default sub-account in the Exchange module can now collect funds in the Bank module when placing orders. This means users can trade more easily and quickly without having to manually transfer funds between modules. In addition, the existing balance in the default sub-account is now transferred to the Bank module, making it easier for users to manage their funds.
• Another improvement is that the fee taker field is now optional when placing orders in the Exchange module. This means that users can choose whether to include a fee acceptor when making a transaction.
• Added trading volume metadata for better tracking of trading activity on the platform. This means users and developers can now analyze trading data more easily and make more informed decisions.
• Smart contracts can now pass prices to the Oracle module via a relayer. This feature makes it easy for developers to access and use the Oracle module, which provides real-time price feeds for assets on the platform.
• The minimum deposit required for the management offer has been increased to 50 INJ. This change is intended to encourage more serious offers and deter spam or meaningless offers.
• The Peggy module now allows for random data to be included in messages to execute spot market orders. This feature enables more complex trading strategies and could potentially allow more liquidity on the platform.
• To become a new validator, a person or organization must now have a minimum commission of 2%. The purpose of this is to ensure that validators are financially motivated to operate the network reliably and securely.
• The SignedBlockWindow in the Slashing module has been updated to 100000. This change aims to increase the security and reliability of the network by increasing the number of blocks validators must sign before being hacked for abuse.

*Not investment advice.