Blockchain
Binance will support the Neo (NEO) network upgrade and hard fork
Binance Announces Support for Neo Network Upgrade e Hard fork
According to a recent announcement from Binance, the world’s largest cryptocurrency exchange by trading volume will support the Neo (NEO) network upgrade and hard fork. The update and fork are expected to improve the overall user experience on the Neo network. The announcement was made on Binance’s official website on May 24, 2024, according to Binance.
Suspension of deposits and withdrawals
Starting at approximately 05:00 (UTC) on May 27, 2024, Binance will suspend token deposits and withdrawals on the Neo network during the upgrade and fork. However, the exchange of tokens on the network will not be affected. Binance assures that it will handle all technical requirements involved for all users. Deposits and withdrawals will be reopened once the enhanced network is deemed stable. No further announcements will be made regarding the reopening of these services.
Read more about the Neo Network upgrade and hard fork
The network upgrade and hard fork will take place at block height of 5,450,000. For more information about the update and fork, users can refer to announcement by the project team. Binance thanks its users for their support during this period.
Final words
Binance, being a leading player in the crypto space, continues to provide support for significant events in various crypto networks. Support for Neo network upgrade and hard fork is another example. It is essential that Neo network users are aware of the temporary suspension of deposits and withdrawals and take necessary measures.
Image source: Shutterstock
. . .