1. QiAi QuestsHome
  2. Crypto & Markets

Coin An’s Suspension of BNB Smart Chain (BEP20) Network: What You Need to Know

• Crypto & Markets • 77 views

On April 12th, according to an official announcement, Coin An is expected to suspend the recharge and withdrawal services of the BNB Smart Chain (BEP20) network at 13:15 on April 1

Coin Ans Suspension of BNB Smart Chain (BEP20) Network: What You Need to Know

On April 12th, according to an official announcement, Coin An is expected to suspend the recharge and withdrawal services of the BNB Smart Chain (BEP20) network at 13:15 on April 12th to support the network upgrade and hard fork of the BNB Smart Chain (BEP20) at a height of 27281024 (expected at 13:30 on April 12th).

Coin An will support BNB Smart Chain (BEP20) network upgrades and hard forking

On April 12th, Coin An, a popular cryptocurrency exchange, announced that they will be suspending the recharge and withdrawal services of the BNB Smart Chain (BEP20) network. This is to support the network upgrade and hard fork of the BNB Smart Chain (BEP20) at a height of 27281024 and is expected to occur at 13:30 on April 12th. In this article, we will discuss the details of this suspension and the reasons for it.

Why is Coin An Suspending the Recharge and Withdrawal Services of the BNB Smart Chain (BEP20) Network?

Coin An is suspending the recharge and withdrawal services of the BNB Smart Chain (BEP20) network to support the upcoming network upgrade and hard fork. This hard fork will improve the performance, security, and functionality of the BNB Smart Chain (BEP20) network. As a result, Coin An wants to ensure that their users’ assets are safe and protected during this upgrade.

What is a Hard Fork?

A hard fork is a significant change to the protocol of a blockchain network that results in a permanent split or divergence from the original version. This is done to improve the network’s performance, scalability, or security. During a hard fork, new rules are implemented, and new blocks are created, resulting in a new blockchain. The old blockchain is no longer compatible with the new one, and users must upgrade their software to continue using the network.

What Does This Mean for Coin An Users?

Coin An users who have assets on the BNB Smart Chain (BEP20) network should be aware of the suspension. During the suspension period, users will not be able to recharge or withdraw their assets from the BNB Smart Chain (BEP20) network. However, users can still trade and transfer their assets on Coin An during this time.
Coin An has assured its users that their assets are safe and protected during this suspension period. Once the network upgrade and hard fork are completed, Coin An will resume the recharge and withdrawal services of the BNB Smart Chain (BEP20) network.

Conclusion

Coin An’s suspension of the recharge and withdrawal services of the BNB Smart Chain (BEP20) network on April 12th is a preventive measure taken to ensure the safety of users’ assets during the network upgrade and hard fork. Users should be aware of this suspension and not panic as their assets are secured and protected.

FAQs

1. When will the suspension of the recharge and withdrawal services of the BNB Smart Chain (BEP20) network end?
Ans: The suspension will end once the network upgrade and hard fork are completed.
2. Can users still trade and transfer their assets on Coin An during the suspension period?
Ans: Yes, users can still trade and transfer their assets on Coin An during this time.
3. Why is the network upgrade and hard fork necessary?
Ans: The network upgrade and hard fork is necessary to improve the performance, security, and functionality of the BNB Smart Chain (BEP20) network.

This article and pictures are from the Internet and do not represent qiAiAi's position. If you infringe, please contact us to delete:https://www.qiaiai.com/crypto/20828.html

It is strongly recommended that you study, review, analyze and verify the content independently, use the relevant data and content carefully, and bear all risks arising therefrom.

Like (0)
Previous 04/12/2023 06:01
Next 04/12/2023 06:17

Related recommendations