jack anderson
November 21, 2024 05:35
Binance announces support for KAVA network upgrade and temporarily suspends deposits and withdrawals. Transactions will not be affected during the upgrade process.
Binance, one of the leading cryptocurrency exchanges, will support KAVA’s upcoming network upgrade as announced on the platform. This upgrade will temporarily suspend deposits and withdrawals on the Kava network starting at 14:00 UTC on November 21, 2024.
Network upgrade details
The Kava network upgrade is scheduled to take place at block height 12,766,500 and is expected to occur around 15:00 UTC on the same day. Binance assured users that KAVA token trading will not be affected during this period. The exchange takes care of all technical requirements to ensure a smooth transition for users.
Impact on Users
Deposits and withdrawals are temporarily suspended, but Binance has confirmed that these services will resume once the upgraded network is stable. However, there will be no additional notice regarding the resumption of this service. Users are advised to plan accordingly and monitor the situation closely.
Technical Support and Warranty
Binance has promised to handle all technical aspects of the upgrade to ensure users experience minimal disruption. The exchange also emphasized that any discrepancies between different language versions of the presentation should be referred back to the original English version for accuracy.
For more information about the upgrade, please see the official announcement from the Kava project team here.
As the cryptocurrency market continues to evolve, network upgrades like these are essential to maintain the security and efficiency of blockchain networks. Binance’s active support for these upgrades highlights its commitment to providing users with a seamless trading experience.
For more details, please refer to Binance’s official announcement.
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