Binance, one of the world's largest cryptocurrency exchanges, announced that it will support the Arweave (AR) network upgrade and Hard Fork.
Binance Supports Arweave (AR) Upgrade
The upgrade is scheduled to occur at block 1,316,410 at approximately 12-05-2023 17:00.
Deposits and withdrawals of tokens on the said network will be suspended as of approximately 12-05-2023 16:00. However, trading of tokens on the aforementioned network will not be affected.
Binance will meet all relevant technical requirements for all users. Deposits and withdrawals for tokens on the above-mentioned network will be reopened once the upgraded network is deemed stable.
Blockchain networks frequently go through upgrades and Hard Forks as part of their evolution, bringing improvements, new features, and improved performance.
Binance's proactive stance in supporting the Arweave (AR) network upgrade demonstrates its commitment to being at the forefront of developments in the blockchain space.
Users are advised to stay tuned for updates from Binance and note that deposits and withdrawals are temporarily suspended for the specified period.
*This is not investment advice.