Binance Supports IoTeX Network Upgrade and Hard Fork
At Extreme Investor Network, we are excited to share the news that Binance, a leading cryptocurrency exchange, has announced its support for the upcoming IoTeX (IOTX) network upgrade and hard fork. This upgrade is set to take place on July 21, 2024, at 23:00 (UTC) and will impact deposits and withdrawals of IOTX tokens temporarily, while trading will remain unaffected.
Details of the Upgrade
The network upgrade and hard fork will occur at block height 31,174,201, which is expected to be reached on July 22, 2024, at 00:05 (UTC). Binance has taken the necessary steps to ensure a smooth transition for its users and will manage all technical requirements during this period.
Impact on Users
Binance has provided important information for its users regarding the upgrade:
– Trading of IOTX tokens will continue without any interruptions.
– Binance will handle all technical aspects related to the upgrade on behalf of its users.
– Deposits and withdrawals will resume once the upgraded network is stable, with no further announcements necessary.
It is important for users to refer to the original English version of the announcement for the most accurate information, as translated versions may have discrepancies.
Context and Additional Information
Network upgrades and hard forks are common in the blockchain space as projects aim to enhance their protocols. IoTeX, a privacy-centric blockchain for the Internet of Things (IoT), is focused on improving its network’s performance and security through this upgrade.
For more detailed information, users can visit the official announcement on Binance’s website. Additionally, Binance has reminded users about the risks associated with digital asset investments, highlighting the volatility and market risks involved. It is recommended that users make informed investment decisions and seek advice from independent financial advisors if needed.
Stay tuned for more updates on cryptocurrency news and developments at Extreme Investor Network.