Binance Announcement: BNB Smart Chain Network Upgrade and Hard Fork
Binance, the world’s largest cryptocurrency exchange, has recently made an important announcement regarding the upcoming upgrade and hard fork for the BNB Smart Chain network.
Starting the day with notable altcoin announcements, Binance has added TRY trading pairs for various altcoins. Additionally, the exchange has confirmed its support for the BNB Smart Chain network upgrade and hard fork in its latest announcement.
BNB Smart Chain Upgrade Details
The BNB Smart Chain upgrade is scheduled to take place on August 10. Binance has provided the following information about the upgrade:
- The BNB Smart Chain (BEP20) network upgrade and hard fork are set to occur around 08/08/2023 at 02:00 UTC.
- Starting from approximately 10/08/2023 at 01:45 UTC, token deposits and withdrawals to BNB Smart Chain (BEP20) will be temporarily suspended.
- It’s important to note that token trading on the BNB Smart Chain (BEP20) will continue as usual during the network upgrade and hard fork.
- The upgrade and hard fork will not lead to the creation of new tokens within the BNB Smart Chain (BEP20) network.
As Binance takes these steps to enhance the BNB Smart Chain network’s capabilities, users are advised to stay informed about the upgrade timeline and potential impacts on their token transactions.
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