In an ever-evolving landscape of blockchain technology, Binance is stepping forward to reinforce its commitment to its user base by announcing support for the network upgrade and hard fork of Ardor (ARDR). This decision is pivotal as it reflects the exchange’s dedication to ensuring a seamless experience during significant changes within the cryptocurrency space.
Key Details Regarding Ardor Network Upgrade and Hard Fork
Suspension of Deposits and Withdrawals
- Effective Date: Binance will temporarily halt deposits and withdrawals for all tokens associated with the Ardor network beginning at approximately 15:00 UTC on January 12, 2024.
Upgrade Schedule
- Hard Fork Timing: The network upgrade and hard fork are expected to take place at block height 3,700,000, which is projected to occur around 16:00 UTC on January 12, 2024.
Impact on Users Trading
- Trading Stability: Throughout the upgrade process, trading of ARDR as well as other tokens within the Ardor network will remain unaffected. Users can continue their trading activities without interruption.
Technical Management
- User Support: Binance will effectively oversee all technical requirements, alleviating any potential burden from its users during this transition.
Service Restart
- Post-Upgrade Notifications: Deposits and withdrawals will resume once the upgraded network is confirmed to be stable. It is important to note that there will not be any additional announcements regarding the resumption of services; hence, users are encouraged to monitor their accounts closely for updates.
Binance’s proactive approach in managing this network upgrade exemplifies its commitment to technological advancement and uninterrupted service. As the blockchain ecosystem continues to grow, such initiatives are crucial for maintaining user trust and supporting innovation.
This information is not intended as investment advice. Please ensure that you conduct thorough research and consult with a financial advisor prior to making any investment decisions.
