Ontology to Undergo Hard Fork on August 21st

Ontology will undergo the MainNet v3.1.2 upgrade and hard fork around August 21st at 00:00 UTC, at block 20,800,000.Binance will pause deposits and withdrawals on the Ontology network from August 20th at 23:00 UTC while supporting the upgrade. Trading will remain available during the network work.Refer to the official tweet by ONT:Binance will support the Ontology MainNet v3.1.2 upgrade and hard fork.Deposits and withdrawals on the Ontology network pause from 23:00 UTC on 20 Aug. Fork at block 20,800,000, around 00:00 UTC on 21 Aug. Trading is unaffected, no action needed.ONT InfoOntology is an open-source blockchain that provides Web3 trust, privacy and security to enterprises and individual users.Ontology functions as a blockchain framework that supports public blockchain systems and offers customization capabilities for specific applications. It facilitates interaction between blockchains with different protocol groups, contributing to the development of shared modules of underlying infrastructure for various distributed scenarios, including digital identification and distributed data exchange.The ONT token was created as part of Ontology's two-tier token system. ONT serves as a governance token used for voting on network decisions, while ONG (Ontology Gas) is a utility token used for transaction fees and executing smart contracts on the network.