Ravencoin blockchain technology has just announced that it has completed one of the most significant events in the history of the blockchain network.
While describing the development as a crucial one, Ravencoin, in the statement said, it has successfully completed the upgrade.
The upgrade comes with a number of new features designed to better the services the blockchain network offers and users’ experience. Ravencoin said via the development, users would be able to create a high customizable token.
Also, users will have access to creating a number of new compliance features.
The upgrade is complete!!
This is one of the most important events in Ravencoin history.
This adds tagging & other features which will allow users to create highly customizable tokens.
This enables issuers to create compliance features that are opt in for each token.
— Project Raven 🦅/ RVN / Ravencoin (@Ravencoin) February 8, 2020
For quite some time now, Ravencoin has been talking about forking its network. A few hours back, the blockchain network warned users to be wary of not losing their coin as the upgrade is going on.
Ravencoin urged users to back up their RVN digital assets that are on exchanges due to possible errors that may result from the fork.
“Additional warning: back up your coins and seed phrases, take them off an exchange if possible. Also: the fork may not work or may cause unplanned errors may open attack vectors or create opportunities for scams and confusion,” Ravencoin stated.
HitBTC Exchange Supporting Ravencoin Phoenix Upgrade
As related in a statement by the Europe-based cryptocurrency exchange HitBTC that was established in 2013, Revencoin phoenix upgrade is now supported by the exchange.
The exchange furthered that via the support, it no allows direct trade between RVN token and BTC.
— HitBTC (@hitbtc) February 7, 2020