Kyber Network KNC: Smart Contracts Migration
To prepare the Kyber ecosystem for this important update, at 7:00 PM SGT, Dec. 2nd, 2019, we are migrating several smart contracts and updating several components in the network. No trading will occur during this time. Operations will resume by 7:30 PM SGT, Dec. 2nd, 2019.
A smart contract is a computer code running on top of a blockchain containing a set of rules under which the parties to that smart contract agree to interact with each other. If and when the pre-defined rules are met, the agreement is automatically enforced. The smart contract code facilitates, verifies, and enforces the negotiation or performance of an agreement or transaction. It is the simplest form of decentralized automation.
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