Binance has announced a temporary suspension of transactions with tokens in the aelf network due to an upcoming upgrade scheduled for January 2025.
Details of the aelf Network Upgrade
The aelf network upgrade aims to enhance the user experience on the ELF blockchain. It is scheduled at block height 252,256,057, starting around 18:00 UTC+8 on January 15, 2025.
User Recommendations During the Upgrade
During the upgrade, users will be able to continue trading ELF tokens on Binance; however, deposits and withdrawals will be temporarily suspended. Binance advises users to complete their ELF token deposits ahead of the scheduled upgrade to avoid disruptions. Once the upgrade is complete and the network is stable, deposits and withdrawals will automatically resume without further notice.
Binance's Support for Other Network Upgrades
Binance is actively supporting network upgrades for several prominent tokens to enhance performance and improve the user experience. Recently, the exchange announced temporary suspensions for altcoins such as DASH and TROY. Additionally, Binance invested in THENA, a decentralized exchange on the BNB Chain, to support its growth.
The aelf network upgrade is a crucial part of the strategy to improve the ELF blockchain's functionality and resilience. Binance continues to support innovations and ecosystem development.
