Binance Announces Support for Flow (FLOW) and Shentu (CTK) Network Upgrades

04/24/2023 02:48 • Daily Digest • 74 views

On April 24th, Binance announced that it will support Flow (FLOW) and Shentu (CTK) network upgrades. During the network upgrade period, the transactions between FLOW and CTK will not be affected. The Flow (Flow) network upgrade will take place from 15:00 (UTC) on April 26, 2023. Flow’s deposits and withdrawals will be suspended from 14:00 (UTC) on April 26, 2023. The Shentu (CTK) network upgrade will be carried out at a height of 12926000 in the Shentu block, or approximately at 00:00 am (UTC) on April 26, 2023. CTK’s deposits and withdrawals will be suspended from 23:00 (UTC) on April 25, 2023.

Binance will support Flow (FLOW) and Shentu (CTK) network upgrades

As a major player in the world of cryptocurrency, Binance has announced support for upcoming network upgrades for two popular coins – Flow and Shentu. These upgrades are expected to take place on April 26th, 2023, and will result in brief suspensions of deposits and withdrawals for both currencies.

1. Introduction
2. Flow Network Upgrade Details
3. Shentu Network Upgrade Details
4. Implications of the Upgrades
5. Conclusion
6. FAQs

Introduction

On April 24th, Binance made an announcement which it is set to change the crypto world forever. The exchange announced that it will be supporting the network upgrades for two major cryptocurrencies – Flow (FLOW) and Shentu (CTK). These upgrades are expected to improve the functionality and efficiency of both coins.

Flow Network Upgrade Details

Flow’s network upgrade is slated to take place on April 26th, 2023, starting at 15:00 (UTC). During this time, deposits and withdrawals for Flow will be suspended from 14:00 (UTC). The Flow network upgrade is expected to result in significant improvements, which could lead to a surge in the coin’s value.

Shentu Network Upgrade Details

The Shentu network upgrade will be carried out at a height of 12926000 in the Shentu block, or approximately at 00:00 am (UTC) on April 26th, 2023. During this time, deposits and withdrawals for Shentu (CTK) will be suspended from 23:00 (UTC) on April 25th, 2023. The upgrade is expected to result in faster and more efficient transactions for Shentu users.

Implications of the Upgrades

These upgrades are significant because they represent a major step forward for both Flow and Shentu. The increased efficiency and functionality of both coins could lead to greater adoption and wider use, which could, in turn, result in a surge in value for both coins.

Conclusion

The upcoming network upgrades for both Flow and Shentu are expected to bring significant improvements to both currencies. While there will be short suspensions of deposits and withdrawals during the upgrade period, these upgrades are expected to pave the way for even greater adoption and use of both coins.

FAQs

1. When is the Flow network upgrade taking place?
– The Flow network upgrade is scheduled for April 26th, 2023, starting at 15:00 (UTC).
2. Will deposits and withdrawals be suspended during the upgrades?
– Yes, both Flow and Shentu will experience brief suspensions of deposits and withdrawals during the upgrade period.
3. What improvements are expected for Shentu as a result of the upgrade?
– The Shentu network upgrade is expected to result in faster and more efficient transactions for Shentu users.

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