The world's leading cryptocurrency exchange, Binance, will announce its upcoming BNB Beacon Chain (BEP2) network upgrade and Hard Fork on April 21.
The upgrade will take place at an estimated 11:00 AM on April 21, 2023 at block height of 310,182,000.
As part of the upgrade process, token deposits and withdrawals on the BNB Beacon Chain (BEP2) will be temporarily suspended from approximately 09:45 on April 21, 2023.
Suspending is necessary to ensure that all transactions on the network are processing properly and the upgrade is successful.
BNB Beacon Chain is an Ethereum 2.0 compatible chain that allows users to stake Binance Coins (BNB) to earn rewards and secure the network. The upcoming upgrade aims to improve the overall performance and security of the network.
By supporting the upgrade, Binance helps ensure that the BNB Beacon Chain remains a solid and reliable network for its users.
BNB Beacon Chain is just one of many chains supported by Binance, which continues to expand its offerings to meet the growing demand for cryptocurrency trading and investing.
*Not investment advice.