Binanceannounced that it will provide support for updates and hard forks to the Harmony (ONE) and VITE (VITE) networks. The cryptocurrency exchange will undertake all technical operations to ensure that users are not negatively affected in this process. Although deposits and withdrawals will be temporarily suspended within the scope of the process, trading will continue uninterrupted.
Update Preparation on Harmony and VITE Networks
Binance, harmony announced that the update on its network will start on October 31, 2024 at 16:00 CET. The network update and hard fork will occur when the block height reaches 64,847,872. Users’ deposits and withdrawals will be stopped before this time, at 15:00 CET.
A similar process VITE It will also apply to the network. The VITE network will be updated at 17:30 on the same day. This update will occur when the block height is reached 166,869,900. Prior to this update, Binance will temporarily suspend deposits and withdrawals for the VITE network at 16:30 ET.
Deposits and Withdrawals Will Be Temporarily Paused
In this process, both altcoin Trading will continue without being affected by updates and hard forks. Binance emphasized that users can continue their trading transactions without interruption. The cryptocurrency exchange will reopen deposits and withdrawals after ensuring the stability of the networks.
The stock exchange stated that its users will not need to make any technical transactions in this process. The entire process will be carried out by Binance.
Binance, altcoin networks updateHe added that after confirming that it is safe and stable after s and hard forks, he will restart deposit and withdrawal transactions without making a new announcement on the subject.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
