Binance’s Support for Horizen (ZEN) Network Upgrade
Binance, a prominent cryptocurrency exchange, is set to assist in the forthcoming Horizen (ZEN) network upgrade. The upgrade is slated for September 12, 2024, at around 07:00 UTC.
Upgrade Details
For the network upgrade, Binance will halt deposits and withdrawals of tokens on the Horizen (ZEN) network starting at 07:00 UTC on the same day. The upgrade is expected to occur around 08:00 UTC, at the block height of 1,627,572. However, trading of ZEN tokens will continue unaffected.
Technical Management
Binance will handle all technical aspects of the network upgrade to ensure a seamless transition. Once the network upgrade is stable, deposits and withdrawals will resume. The exchange has stated that no further communication will be provided regarding the reopening of services.
User Impact
The upgrade’s goal is to improve the performance and security of the Horizen network, enhancing the user experience. Users are advised to plan their transactions accordingly to avoid any disruptions.
Official Statement
For the complete announcement, along with additional technical information and updates, visit the Binance website. Binance has cautioned about potential discrepancies in translated versions of the announcement and recommends referring to the original English version for precise information.
It is essential for users to stay informed about potential risks and seek advice from financial experts, especially due to the volatile nature of digital assets.
Hot Take
Make sure to mark your calendar for September 12, 2024, when the Horizen (ZEN) network upgrade, supported by Binance, takes place. Stay updated on this significant development in the cryptocurrency space.
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