Binance to Support BNB Beacon Chain and BNB Smart Chain Network Upgrades and Hard Forks

Spread the love

Binance is supporting network upgrades and hard forks of BNB Beacon Chain and BNB Smart Chain, with support scheduled for April 15, 18 and temporarily suspending deposits and withdrawals.

Binance, a trusted digital asset trading platform, has reaffirmed its commitment to providing the best user experience by supporting the network upgrades and hard forks of BNB Beacon Chain (BEP2) and BNB Smart Chain (BEP20). The goal is to improve the functionality and stability of these circuits.

To facilitate the wallet maintenance required for the upgrades, Binance will temporarily suspend deposits and withdrawals for BNB Beacon Chain (BEP2) and BNB Smart Chain (BEP20) effective April 11, 2024 at 06:55 (UTC). The maintenance process is expected to take approximately one hour.

The BNB Beacon Chain (BEP2) network upgrade and hard fork are scheduled to take place at block height 373,526,985 on or about April 15, 2024, at 06:00 (UTC). During this period, Binance will suspend token deposits and withdrawals on the BNB Beacon Chain (BEP2) network starting at approximately 05:50 (UTC).

Likewise, the BNB Smart Chain (BEP20) network upgrade and hard fork should happen on April 18, 2024, at 05:49 (UTC). Deposits and withdrawals for tokens on the BNB Smart Chain (BEP20) will be temporarily suspended from approximately 05:40 (UTC).

It is important to note that token trading on these networks will not be affected by the upgrades and hard forks. Binance will handle all necessary technical requirements on behalf of its users. Token deposits and withdrawals on the upgraded networks will reopen once the networks are deemed stable.

For more detailed information on these network upgrades and hard forks, users are advised to refer to the announcements from the BNB Smart Chain v1.3.13 and BNB Beacon Chain v0.10.20 project teams.

Binance states that it will continue to prioritize the security and smooth operation of its platform, ensuring a reliable and efficient trading experience for its users.

ALSO READ  Solana (SOL) Foundation Entrusts Hackathons and Accelerator Programs to Colosseum

Image source: Shutterstock

Leave a Comment