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Cryptocurrency exchange Binance will temporarily halt certain transactions on March 11, 2025, to support a planned update on the Horizon (ZEN) network. The update will commence at 16:00 TR time or at block number 1,730,680. During this period, Binance will suspend deposit and withdrawal operations on the Horizon network, though trading for ZEN coin will continue unaffected. Binance aims to manage the process smoothly by taking on the technical requirements on behalf of its users.
What the Horizon Network Update Brings and Binance’s Response
The planned network update for Horizon aims to enhance system security and efficiency. Such updates, aligned with ongoing advancements in blockchain technology, ensure that the network becomes faster and more secure. Binance emphasizes that users will not need to take any extra actions during this process.
Network updates are crucial in the cryptocurrency marketplace. These changes enhance security and prevent potential technical issues in the future. The planned update for the Horizon network serves a similar purpose.
What Binance Users Should Keep in Mind
Binance users should be aware that deposit and withdrawal operations on the Horizon network will be suspended. These operations will temporarily halt at 15:00 TR on March 11, 2025. Following the update, deposit and withdrawal operations will resume without any additional announcements.
The fact that trading operations will remain unaffected means that users can continue to trade. However, it is advisable to monitor account activities during the update process. Binance users should check their balances to adjust their trading plans accordingly.
Users must also be aware that unexpected technical glitches can occur during network updates. Therefore, Binance users need to closely follow the process and be prepared for potential delays. The cryptocurrency exchange also advises users seeking detailed information about the update to follow official announcements.
