Binance Announces Upcoming EOS Network Upgrade and Maintenance

user avatar

by Giorgi Kostiuk

2 years ago

Made with AI

  1. Suspension of EOS Operations
  2. Resumption of Operations Post-Upgrade
  3. Nature of Planned Maintenance


    4. Leading cryptocurrency exchange Binance has made a significant announcement regarding the EOS network. As part of an upcoming network upgrade and hard fork scheduled for September 25, 2024, at 16:00 UTC, Binance will temporarily suspend deposit and withdrawal operations on the EOS network. This maintenance is aimed at improving user experience and ensuring the security and efficiency of transactions.

    Suspension of EOS Operations

    The hard fork and upgrade on the EOS network will take place at 17:00 UTC on the same day. During this period, trading of cryptocurrencies on the EOS network will continue unaffected. Binance reassured users that there is no need for concern, as the technical requirements will be managed on their behalf, and they will closely monitor the process.

    Resumption of Operations Post-Upgrade

    Upon completion of the upgrade and hard fork, Binance will reopen deposit and withdrawal operations for cryptocurrencies on the EOS network. However, it emphasized the importance of ensuring the network’s stability and security before resuming operations, and no separate announcement regarding the reopening timeline will be made. Once operations are back online, users will be able to deposit and withdraw normally using the EOS network. Binance urged users to stay vigilant and follow updates to avoid any inconveniences.

    Nature of Planned Maintenance

    Such maintenance and upgrade works are regularly conducted to ensure that blockchain networks operate more securely and efficiently. Binance stressed that users will not face any disruptions in trading during this process, and the system will continue to function stably. Binance has advised users to refrain from conducting any transactions during this time, assuring that services will return to normal as quickly as possible following the upgrade. Users can keep an eye on Binance’s official channels for updates regarding the reopening of deposit and withdrawal operations.

    In summary, the upcoming EOS network upgrade scheduled for September 25, 2024, is crucial for enhancing the network’s security and efficiency. Binance encourages users to stay informed and follow official announcements to minimize possible inconveniences.

Tier I

Sector: #18291

Sealed Hiding Place Room

Resource Cache

Resource Cache

Tier I

Requires 25% Tier Progress to Claim
Meme Cache

Meme Cache

Tier I

Requires 50% Tier Progress to Claim
Equipment Cache

Equipment Cache

Tier I

Requires 75% Tier Progress to Claim

After collecting, hiding places will be stored in your inventory and can be opened with Keys.

Other news

AI Researchers Light Up Cigarettes to Signal Confidence in AI's Cancer Cure Potential

AI researchers are smoking cigarettes to signal their confidence in AI's potential to cure cancer.

user avatarArif Mukhtar

Sony's Plan to Discontinue Physical Game Discs Faces Major Backlash

Sony's announcement to stop producing physical game discs by 2028 has led to significant backlash from the gaming community.

user avatarMaria Gutierrez

Vibe Coders Successfully Port PS5 Games to PC with AnyPS5 Project

Vibe coders are making significant strides in porting PlayStation 5 applications to Windows and Linux through their open-source project, AnyPS5, which aims to convert PS5 game executables into programs that can run natively on PCs.

user avatarDavid Robinson

TRON DAO Reports Significant Growth in Q3 2026

TRON DAO highlights significant growth in transaction volume and network activity in its Q3 2026 ecosystem report.

user avatarAndrew Smith

MEXC Concludes TOKEN2049 Singapore with Interactive Experiences

MEXC showcased its innovative trading solutions and industry discussions at TOKEN2049 Singapore, focusing on AI-powered trading and traditional finance.

user avatarJacob Williams

LBank Enhances Security Measures Amid Industry Challenges

LBank has launched the Crypto Resilience Initiative to enhance security and risk management in response to increasing threats in the crypto industry.

user avatarSon Min-ho

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.