Near Protocol, known for its low fees and high scalability, has announced an important upgrade to its protocol. The upgrade, scheduled for August 18, 2025, will help enhance the performance and security of the network.
Introduction to the Upgrade
The Near Protocol upgrade will begin on August 18, 2025, at 04:00 CEST. An hour earlier, deposits and withdrawals on the NEAR network will be paused, but trading of NEAR tokens will remain available throughout the upgrade.
Binance's Role in the Process
According to Binance, no action is required from users, and transfers will resume once the network is stable. The exchange stated that it will not provide further updates unless necessary.
Importance of the Upgrade for Near Protocol
Regular updates help Near Protocol maintain its competitive edge in the high-performance blockchain sector, which is particularly important for developers and end-users. This also reflects the rapid development within the blockchain sector, where protocols are continuously working to enhance user experience and ensure scalability and security.
The Near Protocol upgrade scheduled for August 2025 emphasizes the project's commitment to evolve and remain competitive in the rapidly changing world of blockchain.
