Binance has announced an upcoming network upgrade and hard fork for Dash on January 7, 2025, necessitating a temporary pause of DASH token deposits and withdrawals.
Binance Announcement
The Dash network upgrade and hard fork announced by Binance is scheduled for January 7, 2025, at block height 2,201,472. Consequently, Binance will halt DASH token deposits and withdrawals starting from 19:00 (UTC+8) on the same day. Users are advised to complete any necessary deposits in advance. Trading of DASH tokens will remain unaffected.
What is a Network Upgrade and Hard Fork
A network upgrade involves modifying the protocol to improve the blockchain’s functionality, security, and scalability or address existing vulnerabilities. A hard fork is a specific type of update that results in two incompatible versions of the blockchain, requiring users to update their software to the latest version to continue using the network.
Binance Support
Binance has supported similar upgrades in the past. For instance, it facilitated smooth trading during the BCH hard fork in November 2020 and supported the Ethereum upgrade in April 2023. Users are advised to follow official announcements from Binance and the DASH project team for updates.
Once the network stabilizes, Binance will reopen DASH deposits and withdrawals. It is important for users to keep an eye on official channels for timely updates.
