Cryptocurrency exchange Binance has announced a temporary suspension of transactions on the Horizon network scheduled for March 11, 2025. The objective is to conduct a crucial upgrade for enhancing the network's security and efficiency.
What Enhancements Will the Horizon Update Provide?
The upcoming Horizon network upgrade is designed to strengthen system integrity and improve operational performance. These upgrades are essential to align with broader advancements in blockchain technology, making the network faster and more secure. Binance assures users there is no need to take any additional actions during this upgrade.
What Should Binance Users Expect During This Period?
Users of Binance should prepare for the suspension of deposit and withdrawal functions on the Horizon network, starting at 15:00 TR on the same day. Once the upgrade is completed, these operations will resume automatically without further announcements. Although trading will remain operational, it is advisable for users to monitor their account activities closely during the upgrade, checking balances regularly to adjust trading strategies.
Recommendations for Users
Users are encouraged to follow official communications for any updates or changes related to the Horizon network. Monitoring accounts is important to avoid unexpected technical issues.
Focusing on reliability and user security, Binance is taking necessary measures to ensure a smooth upgrade process. Official announcements will keep you informed about any Horizon network-related changes.
