Binance, one of the world's leading cryptocurrency exchanges, announced that it supports the upcoming network upgrade and Hard Fork of Lisk (LSK).
The event is planned to take place at an altitude of 23,390,991 blocks and around 13:00 on 05-12-2023.
Binance Supports Lisk (LSK) Network Upgrade and Hard Fork
As part of the upgrade process, Binance will temporarily suspend deposits and withdrawals of LSK tokens on the specified network.
The suspension is expected to begin around 12:00 on 05-12-2023. However, users trading LSK tokens on the platform will not be affected during this period.
Binance assures its user base that all technical aspects regarding the upgrade will be handled meticulously by the exchange.
The suspension of deposits and withdrawals will be lifted as soon as the upgraded network is deemed stable, and Binance will notify this without the need for additional announcements.
This move is in line with Binance's commitment to providing a safe and up-to-date trading environment for its users.
As the world of cryptocurrency continues to evolve, such proactive measures become crucial to ensure the smooth functioning of blockchain networks and the security of user assets.
*This is not investment advice.