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COINTURK NEWS > Binance > Temporary Suspension of Deposit and Withdrawal Transactions on BEP20
Binance

Temporary Suspension of Deposit and Withdrawal Transactions on BEP20

In Brief

  • Binance, the world’s largest cryptocurrency exchange by volume, recently announced that it will support the upgrade and hard fork of the BNB Smart Chain (BSC – BEP20) in a recent announcement. Accordingly, deposit and withdrawal transactions on the BEP20 will be temporarily suspended prior to the network upgrade and hard fork.ContentsTemporary Suspension of Deposit and […]
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COINTURK NEWS 2 years ago
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Binance, the world’s largest cryptocurrency exchange by volume, recently announced that it will support the upgrade and hard fork of the BNB Smart Chain (BSC – BEP20) in a recent announcement. Accordingly, deposit and withdrawal transactions on the BEP20 will be temporarily suspended prior to the network upgrade and hard fork.

Contents
Temporary Suspension of Deposit and Withdrawal Transactions on BEP20Preparing for BNB Smart Chain v1.2.9 Release

Temporary Suspension of Deposit and Withdrawal Transactions on BEP20

Binance announced that it will support the upgrade and hard fork of BEP20, which will take place at block height 30,720,096 or approximately on August 10 at 05:00 (GMT). The giant cryptocurrency exchange stated that deposit and withdrawal transactions on the BEP20 will be temporarily suspended from 04:45 (GMT) before the network upgrade and hard fork.

Trading of existing tokens on BEP20 will not be affected by the network upgrade and hard fork, and deposit and withdrawal transactions will be resumed once it is confirmed that the network is running smoothly after the upgrade and hard fork.

Binance also added that the BEP20 network upgrade and hard fork will not result in the creation of new tokens and that all relevant technical requirements will be met for users.

Preparing for BNB Smart Chain v1.2.9 Release

The upcoming v1.2.9 release of BNB Smart Chain is the trigger for the network upgrade and hard fork supported by Binance. The v1.2.9 release is a hard fork version for both Plato and Hertz (Berlin, London) while adjusting the hard fork height for the BSC mainnet.

The BSC development team will combine the two hard forks into a single version to save on upgrade efforts due to their close block heights in the testnet.

The v1.2.9 release of BSC will transfer Plato and Hertz, which have been running and tested on the testnet for a while, to the mainnet.

You can follow our news on Telegram, Facebook, Twitter & Coinmarketcap
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

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COINTURK NEWS 8 August, 2023 - 10:45 am 8 August, 2023 - 10:45 am
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