The Alonzo hard fork is expected to happen on Sunday, September 12, at approximately 21:44 UTC. 30 minutes prior to the event, Binance will halt all deposits and withdrawals of ADA, the network’s native token; trading of the asset, however, will not be affected.
Alonzo hard fork will bring smart contract functionality to the network, meaning that developers will be able to build decentralized finance (DeFi) apps that enable the lending, borrowing, and trading of assets without resorting to centralized intermediaries such as banks.
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