Exciting News from Binance: Chiliz (CHZ) and MultiversX (EGLD) Network Upgrades and Hard Forks
Get ready for some big changes in the world of cryptocurrency as Binance, a top cryptocurrency exchange, announces its support for the upcoming network upgrades and hard forks of Chiliz (CHZ) and MultiversX (EGLD). These upgrades are set to improve the user experience on both networks, providing new opportunities for crypto enthusiasts like you.
What to Expect
Here’s what you need to know about the network upgrades:
- The Chiliz (CHZ) network upgrade and hard fork will take place at block height 13,189,711 on 2024-05-20 at 07:00 UTC. Binance will temporarily halt deposits and withdrawals of CHZ tokens starting from 2024-05-20 at 06:00 UTC.
- The MultiversX (EGLD) network upgrade is scheduled for 2024-05-21 at 16:20 UTC. Deposits and withdrawals of EGLD tokens on the MultiversX network will be suspended from approximately 2024-05-21 at 15:20 UTC.
What It Means for You
Don’t worry about disruptions to your trading activities. Binance assures its users that trading on these networks will remain unaffected. The exchange will take care of all technical aspects to ensure a smooth transition during the upgrades. Once the networks stabilize, deposits and withdrawals will resume without the need for further announcements.
By supporting these network upgrades and hard forks, Binance is committed to improving the user experience on its platform and reinforcing its position as a top global cryptocurrency exchange.
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