Coin An to Suspend BNB Smart Chain Services on April 12th

04/12/2023 06:12 • Metaverse & Beyond • 57 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 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

What is Coin An and What is BNB Smart Chain?

Coin An is a cryptocurrency exchange platform that allows users to trade various digital assets. BNB Smart Chain (BEP20) is an innovation by Binance, a blockchain-based company, that enables the creation of smart contracts and Dapps (decentralized applications).

Why is Coin An Suspending the Services for BNB Smart Chain on April 12th?

Coin An is suspending the services for BNB Smart Chain on April 12th in support of the network upgrade and hard fork of the BNB Smart Chain (BEP20) at a height of 27281024 (expected at 13:30 on April 12th). The hard fork will bring new features and improvements to the BNB Smart Chain, including a lower p2p packet buffer size, improved Geth compatibility, and more.

What Does This Mean for Coin An Users?

Coin An users who hold BNB on the Coin An platform will be unable to recharge or withdraw the digital asset during the suspension period. However, they will be able to trade BNB on the platform as usual. Once the network upgrade and hard fork are complete, Coin An will resume the recharge and withdrawal services for BNB Smart Chain users.

How Can Coin An Users Prepare for the Suspension?

Coin An users who hold BNB on the platform are advised to transfer their BNB assets to another wallet or exchange platform before the scheduled suspension time. Users who do not transfer their BNB assets before the suspension time will have to wait until the services are resumed.

What Happens if the Network Upgrade or Hard Fork Fails?

If the network upgrade or hard fork fails, Coin An may have to extend the suspension period for BNB Smart Chain services. In this case, users will be notified of the extension and updated on the progress of the network upgrade or hard fork.

Conclusion

Coin An’s decision to suspend the recharge and withdrawal services of the BNB Smart Chain (BEP20) network is in support of the network upgrade and hard fork of the BNB Smart Chain (BEP20) at a height of 27281024 (expected at 13:30 on April 12th). Users who hold BNB on Coin An are advised to transfer their BNB assets to another wallet or exchange platform before the scheduled suspension time. Once the network upgrade and hard fork are complete, Coin An will resume the recharge and withdrawal services for BNB Smart Chain users.

FAQs

1. Why is Coin An suspending the recharge and withdrawal services of the BNB Smart Chain network?
Coin An is suspending the recharge and withdrawal services of the BNB Smart Chain network in support of the network upgrade and hard fork of the BNB Smart Chain (BEP20) at a height of 27281024.
2. How long will the suspension last for?
The suspension is expected to last until the network upgrade and hard fork are complete. Coin An will notify users of any extension if necessary.
3. Can users still trade BNB on the platform during the suspension period?
Yes, users will be able to trade BNB on Coin An platform during the suspension period.

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