• M

    Max E.

    Binance To Support THETA Hard Fork & List KDA

    Binance to support THETA

    On March 11, Binance announced that it will be supporting the Theta Network (THETA) upgrade and hard fork starting from March 14, 2022 at 19:00 (UTC).

    THETA deposits and withdrawals will be suspended during the upgrade and hard fork, but THETA trading will not be affected.

    The exchange representatives promised to meet all technical requirements for THETA holders on Binance.

    Moreover, the exchange announced it will list the Kadena (KDA) token and open several trading pairs with KDA.

    The KDA deposits are already available to users, but the withdrawal of funds won't be possible until March 12, 2022 at 11:30 (UTC).

    Kadena is a hybrid blockchain platform with the ability for smart contracts to interact between private and public networks. Network compatibility is implemented through the engine for writing Pact smart contracts. Kadena’s private blockchain Kuro is another important element of the platform. Launched in January 2019, it is based on the Amazon Web Services infrastructure.

    According to the developers, Kadena solves some of the basic scalability problems connected with Proof-of-Work, while at the same time allowing the network to be kept in a decentralized state.

    KDA is a native token designed to pay transaction fees within the network. At the time of writing, KDA is trading at $7.50, a 21.17% increase over the past day.