Binance to Support BNB Beacon Chain and BNB Smart Chain Network Upgrades and Hard Forks
Zach Anderson Apr 04, 2024 09:42
Binance supports network upgrades and hard forks of BNB Beacon Chain and BNB Smart Chain, with maintenance scheduled for April 15, 18, and temporarily suspending deposits and withdrawals.
Binance, a trusted platform for digital asset trading, has confirmed its commitment to ensuring the best user experience by supporting the network upgrades and hard forks of the BNB Beacon Chain (BEP2) and BNB Smart Chain (BEP20). The aim is to enhance the functionality and stability of these chains.
To facilitate the wallet maintenance required for the upgrades, Binance will temporarily suspend deposits and withdrawals for the BNB Beacon Chain (BEP2) and BNB Smart Chain (BEP20) starting from April 11, 2024, at 06:55 (UTC). The maintenance process is estimated to take approximately one hour.
The BNB Beacon Chain (BEP2) network upgrade and hard fork are scheduled to take place at the block height of 373,526,985 or around April 15, 2024, at 06:00 (UTC). During this period, Binance will suspend deposits and withdrawals for tokens on the BNB Beacon Chain (BEP2) network, starting from approximately 05:50 (UTC).
Similarly, the BNB Smart Chain (BEP20) network upgrade and hard fork are set to occur on April 18, 2024, at 05:49 (UTC). Deposits and withdrawals for tokens on the BNB Smart Chain (BEP20) will be temporarily suspended starting from approximately 05:40 (UTC).
It's important to note that the trading of tokens on these networks will not be affected by the upgrades and hard forks. Binance will handle all the necessary technical requirements on behalf of its users. Deposits and withdrawals for tokens on the upgraded networks will be reopened once the networks are deemed stable.
For more detailed information about these network upgrades and hard forks, users are advised to refer to the announcements from the project teams of BNB Smart Chain v1.3.13 and BNB Beacon Chain v0.10.20.
Binance states it will continue to prioritize the security and seamless operation of its platform, ensuring a reliable and efficient trading experience for its users.
Image source: Shutterstock