Binance Supports Upcoming Neutron (NTRN) and Optimism (OP) Network Upgrades and Hard Forks

  • Binance has announced its support for the upcoming Neutron (NTRN) and Optimism (OP) network upgrades and hard forks, aiming to ensure a seamless user experience.
  • The exchange will handle all technical aspects of these upgrades on behalf of its users.
  • Deposits and withdrawals for both Neutron and Optimism will be temporarily suspended during the upgrade periods.

Discover how Binance is supporting the Neutron and Optimism network upgrades to enhance your trading experience.

Binance Supports Neutron (NTRN) and Optimism (OP) Network Upgrades

Binance recently confirmed that it will be supporting the Neutron (NTRN) and Optimism (OP) network upgrades and hard forks. This initiative is intended to offer enhanced network performance and upgraded features for users. The Neutron upgrade is set to occur at block height 12,255,555, estimated to take place on July 10, 2024, around 17:30. Meanwhile, the Optimism upgrade will happen at approximately 19:00 on the same day.

Temporary Suspension of Deposits and Withdrawals

In preparation for these updates, Binance will temporarily suspend deposits and withdrawals for Neutron and Optimism. For Neutron, this suspension will begin on July 10, 2024, from 16:30, while for Optimism, it will start from 18:00 the same day. However, token trading on the Neutron and Optimism networks will not be affected by these upgrades.

Technical Management by Binance

Binance has assured its users that it will handle all technical aspects of the network upgrades on their behalf. This means users do not need to take any action during the upgrade period. The exchange will oversee the hard fork processes to ensure that everything runs smoothly. Once the network’s stability is confirmed, Binance will reopen deposit and withdrawal services for these tokens without further announcement.

User Advisory and Planning

Binance advises users to plan their transactions accordingly, given the temporary suspension of deposits and withdrawals. Users are urged to complete any necessary transactions before the specified times to avoid any inconvenience. The exchange reiterates that all trading activities will continue as usual and that they are committed to providing a safe and efficient trading environment during these upgrades.

Conclusion

As Binance extends its support for the Neutron and Optimism network upgrades and hard forks, it reaffirms its dedication to offering a seamless trading experience. Users can rely on Binance to manage technical upgrades while planning their transactions around the scheduled suspensions. With these upgrades, the Neutron and Optimism networks are expected to deliver improved performance and functionality, enhancing overall user experience.

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Jocelyn Blake
Jocelyn Blakehttps://en.coinotag.com/
Jocelyn Blake is a 29-year-old writer with a particular interest in NFTs (Non-Fungible Tokens). With a love for exploring the latest trends in the cryptocurrency space, Jocelyn provides valuable insights on the world of NFTs.
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