Why are boxing rings square?

I was reading stupid questions or something like that on watt pad,and one of the questions they asked was this one.

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The name ring continued with the Jack Broughton rules in 1743, which specifed a small circle in the centre of the fight area where the boxers met at the start of each round. The first square ring was introduced by the Pugilistic Society in 1838. ... The boxing ring is commonly referred to as the "square circle
on June 19, 2019