- In a significant move within the cryptocurrency world, Binance has announced full support for two major altcoin networks undergoing upgrades and hard forks.
- Both the Cosmos (ATOM) and Kadena (KDA) networks will experience important updates aimed at enhancing user experience and network efficiency.
- Binance assures users of continued, seamless operation and security throughout these network upgrades, demonstrating its commitment to high-quality service.
Binance supports key network upgrades and hard forks for Cosmos (ATOM) and Kadena (KDA), ensuring seamless operations and enhanced security for its users.
Cosmos (ATOM) Network Upgrade Details
Binance has confirmed full support for the upcoming network upgrade on the Cosmos (ATOM) blockchain, scheduled to occur at block height 21,835,200. In preparation for this significant update, Binance will temporarily suspend deposits and withdrawals for Cosmos on August 21, 2024, starting at 16:30. Despite this suspension, trading activities involving ATOM tokens will proceed without interruption, ensuring market liquidity and continuity.
Ensuring Security and Stability
Throughout the upgrade, Binance will manage all technical aspects, providing users with confidence that their transactions are secure. Once the upgrade is successfully completed and the network is deemed stable, deposit and withdrawal services for Cosmos will resume. This approach mitigates any potential disruptions and reassures investors of the continuous functionality of their assets during the update period.
Kadena (KDA) Hard Fork and Network Upgrade
Similarly, Binance is extending its full support to the Kadena (KDA) network’s planned upgrade and hard fork, which is set to take place at block height 5.060.924. To facilitate this upgrade, Binance will halt deposits and withdrawals for Kadena starting on August 22, 2024, at 02:00. Despite the temporary suspension of these services, trading of KDA tokens will remain unaffected, allowing users to continue their trading activities seamlessly.
Maintaining User Trust Through Upgrades
Binance aims to ensure that its users experience no major inconvenience during the Kadena network upgrade. By handling all the necessary technical updates, Binance guarantees that their platform remains secure and operational. Once the upgrade is complete and system stability is confirmed, the suspended services will be reinstated, offering users uninterrupted access to their funds.
Conclusion
Binance’s proactive support for the Cosmos (ATOM) and Kadena (KDA) network upgrades underscores its dedication to providing reliable and secure services to its users. These measures are designed to minimize disruption and preserve user trust during key technical updates. As the cryptocurrency space continues to evolve, Binance remains at the forefront, ensuring its infrastructure keeps pace with technological advancements for the benefit of its global user base.
