Crypto NewsAltcoinBitcoin Exchange Binance Announces It Will Support Network Upgrade and Hardfork of...

Bitcoin Exchange Binance Announces It Will Support Network Upgrade and Hardfork of This Altcoin!

Cryptocurrency exchange Binance announced that it supports the upcoming network upgrade and Hard Fork of the Klaytn (KLAY) altcoin.

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The upgrade is scheduled to take place on October 16, 2023 at 04:00 at block height 135,456,000.

To facilitate this transition, Binance will temporarily suspend deposits and withdrawals of tokens associated with the Klaytn network. This suspension will begin at approximately 03:00 on October 16, 2023.

More importantly, trading of tokens on the Klaytn network will continue without any interruption during this period.

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Binance will oversee all necessary technical requirements on behalf of its users. This will ensure a smooth and safe transition to the upgraded network.

Following the successful implementation of the upgraded network, Binance will reopen deposits and withdrawals for tokens on the Klaytn network.

This development is an important step towards improving the efficiency, security and overall performance of the Klaytn blockchain. The Klaytn community is eagerly awaiting the positive impact these upgrades will have on the network's ecosystem.

*This is not investment advice.

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