Leading cryptocurrency exchange Binance has announced its support for upcoming network upgrades and Hard Forks of two major cryptocurrencies, Decred (DCR) and MultiversX (EGLD).
Binance Will Support Decred (DCR) and MultiversX (EGLD) Network Upgrades and Hard Forks
These important updates aim to improve the capabilities and functionality of the respective networks.
Decred (DCR) Network Upgrade And Hard Fork:
Decred (DCR) network upgrade and accompanying Hard Fork are planned to occur at block height 794,368 Decred.
During this time, deposits and withdrawals of DCR tokens will be temporarily suspended from approximately August 29, 2023 at 17:00.
MultiversX (EGLD) Network Upgrade And Hard Fork:
In contrast, MultiversX (EGLD) network upgrade is set to occur on the MultiversX blockchain at block height of 1,126 MultiversX. This expected event will take place on 30 August 2023 around 18:45.
As part of the upgrade process, users will experience temporary suspension of EGLD deposits and withdrawals. This process is expected to start from approximately 30 August 2023 at 17:45.
It should be noted that despite these network upgrades and hard forks, trading of DCR and EGLD tokens will continue uninterrupted on the Binance platform.
These developments are expected to further enrich the ecosystem and contribute to the overall progress of these cryptocurrencies.
*Not investment advice.
