Merlin Chain Mainnet Upgrade: Network Suspended for 12 Hours

Bittime - Announcement for Merlin Chain users! The Merlin Chain blockchain network will undergo a mainnet upgrade today, May 24, 2024. This was announced by the Merlin Chain through their official statement. 

Merlin Chain Mainnet Upgrade  

The Merlin Chain mainnet upgrade process is scheduled to start at 07.00 UTC or 14.00 WIB. This upgrade is expected to last for 12 hours. That way, the Merlin Chain network will also be stopped for 12 hours.

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Impact of Merlin Chain Mainnet Upgrade

During the upgrade period, some important functions in the Merlin Chain network will be temporarily suspended. Here are the impacts that users need to know.

• Block Production Stop: The process of creating new blocks on the Merlin Chain network will be temporarily stopped during the upgrade. This means that no new transactions will be recorded on the blockchain during that period.
• Cross-Chain Bridge Unavailability: Cross-chain bridges connecting Merlin Chain with other blockchains cannot be used during the upgrade. Users cannot transfer assets between Merlin Chain and other blockchains during this period.
• AA Particle Wallet Unavailability: The AA Wallet developed by Particle Network and integrated with Merlin Chain cannot be used during the upgrade. Users are advised not to engage in any activity involving AA wallets during this period.

Advice for Users

For security and a smooth upgrade process, the Merlin Chain team recommends users to disable the Merlin on-chain feature and wait for official confirmation from the Merlin Chain team.

• Disabling Merlin on-chain features: Avoid using features involving the Merlin Chain blockchain during the upgrade, such as token swaps, perpetual trading, staking, deposits, bridges, and so on.
• Waiting for official confirmation: Once the upgrade is complete, wait for official confirmation from the Merlin Chain team before returning to using the network.

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Improving Merlin Chain Network Performance

Although this upgrade causes temporary inconvenience, it is worth noting that this process is important to improve the overall performance and security of the Merlin Chain network. 

With this upgrade, it is hoped that the Merlin Chain network can operate more optimally and support the growth of the DeFi ecosystem in the future.

For further information regarding the mainnet upgrade and the latest developments on Merlin Chain, users can follow the official Merlin Chain website, social media or community forums.

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How to Buy Crypto with Bittime

You can buy and sell crypto assets in an easy and safe way via Bittime. Bittime is one of the best crypto applications in Indonesia which is officially registered with Bappebti. 

To be able to buy crypto assets on Bittime, make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application. 

Monitor price chart movements of Bitcoin (BTC) , Ethereum (ETH) , Solana (SOL) and other cryptos to find out today's crypto market trends in real-time on Bittime.

Also Read:

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Merlin Chain (MERL) Airdrop : Complete Guide and Everything You Need to Know

Merlin Chain (MERL) Price Prediction 2024-2030: What Awaits This Cryptocurrency?

DISCLAIMER: This article is informational in nature and is not an offer or invitation to sell or buy any crypto assets. Trading crypto assets is a high-risk activity. Crypto asset prices are volatile, where prices can change significantly from time to time and Bittime is not responsible for changes in fluctuations in crypto asset exchange rates.