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So if you have your funds in a Daedalus or

Yoroi wallet, do you need to do anything when the network is upgraded to get your funds on the latest version?

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there is a new update on Deadalus that supports Alonzo. You only need to download it from the official website of Daedalus and update the older Version that you have

Yes, Binance will upgrade their exchange to support the new ADA tokens. but their upgrading and your upgrading is a bit different. You will need to download the new wallet update to participate in the Alonzo forking.

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