Binance Supports BNB Smart Chain Upgrade
Binance, a leading cryptocurrency exchange, has announced its support for the upcoming BNB Smart Chain (BEP20) network upgrade and hard fork. The pivotal upgrade is scheduled to occur at the BNB Smart Chain block height of 30,720,096, which is estimated to take place around August 10, 2023, at 02:00 (UTC). During this period, deposits and withdrawals of tokens on the BNB Smart Chain (BEP20) will be temporarily suspended, starting approximately at 01:45 (UTC).
#Binance will support the #BNB Smart Chain (BEP20) Network Upgrade & Hard Fork.https://t.co/0pi0X17cGF
— Binance (@binance) August 8, 2023
Smart Chain Upgrade
Notably, the trading of tokens available on the BNB Smart Chain (BEP20) will remain unaffected by the network upgrade and hard fork. This decision aims to ensure that users can continue to engage in seamless trading activities without any disruptions. While the network upgrade and hard fork are anticipated to commence at the specified block height, Binance emphasizes that the provided time is an estimate and should be used as a reference by users.
Binance stated it will manage all technical aspects for its users, ensuring a smooth transition throughout the upgrade. Importantly, the network upgrade and hard fork will not result in the creation of new tokens, maintaining the existing token supply. Upon completion of the upgrade, Binance will reopen deposits and withdrawals for tokens on the BNB Smart Chain (BEP20) once the network is deemed stable. The exchange assures users that there will be no additional notification provided for the reopening of these services.
Plato Documentation
For clarity and consistency, Binance emphasized that in case of any discrepancies between translated versions of this announcement and the original English version, the English version will hold precedence. To gain further insights into the specifics of the network upgrade and hard fork, interested individuals can refer to the details provided in the BNB Smart Chain v1.2.9 (Plato) documentation.
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This proactive approach by Binance underscores its commitment to facilitating a seamless user experience and staying at the forefront of technological advancements within the cryptocurrency ecosystem. The announcement also exemplifies the collaborative effort between exchanges and blockchain networks to ensure the continuous evolution and enhancement of digital asset platforms.
