At Extreme Investor Network, we strive to provide our readers with the latest and most valuable information in the world of cryptocurrency and blockchain technology. Today, we are excited to share with you the latest development involving Binance and the upcoming Arweave (AR) network upgrade and hard fork.
Binance, known as one of the largest cryptocurrency exchanges globally, has recently announced its support for the Arweave (AR) network upgrade and hard fork. In preparation for this upgrade, Binance will temporarily suspend deposits and withdrawals of AR tokens starting from November 13, 2024, at 13:00 UTC.
The network upgrade and hard fork are set to take place at the block height of 1,547,120, expected around 14:00 UTC on the same day. During this period, trading of AR tokens will not be affected, but users will not be able to deposit or withdraw AR tokens until the upgrade is complete and the network is stable.
Rest assured, Binance will handle all technical requirements related to the upgrade and will resume AR token deposits and withdrawals once the upgraded network is deemed stable. This seamless transition showcases Binance’s commitment to providing a smooth user experience for its customers.
While this temporary suspension may impact user transactions on the Arweave network, the upgrade is expected to enhance performance and security, providing long-term benefits to users. Arweave, a decentralized storage network, has been gaining popularity for its unique approach to data permanence, and this upgrade aims to further improve its network infrastructure, potentially increasing adoption and utility in the cryptocurrency space.
As the cryptocurrency market evolves, network upgrades like Arweave’s are crucial for maintaining competitiveness and ensuring robust performance. These developments are closely monitored by industry stakeholders and can have significant implications for market dynamics. To learn more about the network upgrade, users can refer to the Arweave project team’s announcement on their official GitHub page.
Stay tuned to Extreme Investor Network for more updates on cryptocurrency news and developments. Your go-to source for valuable insights and information in the world of crypto and blockchain technology.
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