A significant network upgrade has been announced for the Stacks (STX) cryptocurrency on the Binance exchange. The upgrade will involve a temporary hold on STX token deposits and withdrawals starting at 15:00 on April 22, 2024 (Turkey time) to support a smooth transition during the network's hard fork.
Upgrade and Fork Timing
The network upgrade and hard fork are planned to coincide with Bitcoin block height 840,360, anticipated to take place on the same day. This synchronization is essential to align the Stacks network upgrade with developments in the Bitcoin blockchain, with which it is closely associated.
Trading and Technical Support
Binance has confirmed that trading of STX tokens will continue unaffected by the upgrade. The platform is prepared to address all technical requirements and modifications. Once the upgrade is completed successfully and the network stability is confirmed, Binance will resume STX token deposit and withdrawal services. Updates on this process will be communicated directly to users.
Points to Consider
- STX token trading will persist without interruptions during the network upgrade.
- Users should anticipate the suspension of deposits and withdrawals from 15:00 on April 22, 2024.
- The restoration of these services will be contingent on the post-upgrade stability of the network.
This strategic upgrade reflects Binance's dedication to upholding a strong and effective trading platform. Users are advised to adapt their trading and investment strategies to accommodate the temporary halt of STX token deposit and withdrawal services.
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