The Merge on Ethereum Network - Pausing AIOZ Bridge
“The Merge” Upgrade on Ethereum Network
The Ethereum network is preparing to implement its most significant update in years, a transition from “Proof-of-Work” to “Proof-of-Stake” consensus mechanism that will enable the Ethereum Network to be more secure, less energy-intensive, and implement new scaling solutions.
To learn more about The Merge, check out the official announcement from the Ethereum Foundation.
Understanding “The Merge” for AIOZ Network
AIOZ Network is an EVM-compatible blockchain with AIOZ ERC-20 and AIOZ BEP-20 multichain assets. Our AIOZ Bridge serves as the official bridge for AIOZ token transfers between the Ethereum Network, Binance Smart Chain, and the AIOZ Network.
To safeguard the security of user funds throughout the upgrade process and mitigate potential technical risks, such as transaction replay assaults, we will temporarily suspend the AIOZ Bridge before The Merge, which is scheduled to take place from Sep 14th to Sep 18th. As a result, transferring assets from the AIOZ Network to other chains and vice versa will be paused throughout the upgrade.
We strongly advise that all pending transactions be finalized before pausing the bridge to prevent any funds loss.
Your assets in AIOZ on AIOZ Network, AIOZ ERC-20 on Ethereum Network, and AIOZ BEP-20 on Binance Smart Chain will be safe and secure during this period, and no action is required to upgrade on your part.
About the AIOZ Network
AIOZ Network is an Infrastructure Web3 Media Blockchain.
AIOZ Network is a Layer-1 Interoperable Blockchain compatible with Ethereum Virtual Machine Smart Contracts built on Solidity. It works with the Inter-Blockchain Communication (IBC) protocol, allowing it to connect to and exchange data with other COSMOS-based blockchains.
The AIOZ Network Blockchain enables 1-Click Porting of Interoperable dApps and provides Instant Finality with Low TX fees while leveraging a Multi-Chain Architecture with Infinite Horizontal Scalability.
As a Web3 Peer-to-Peer Nodes-Powered Distributed Decentralized Content Delivery Network (dCDN), AIOZ Network rewards Edge Nodes’ computational resources for storing, transcoding, and streaming digital media content.
For recent updates and progress about AIOZ Network, hop in on our community at:
