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Coin An to Suspend Recharge and Withdrawal Services for BNB Beacon Chain (BEP2) Network Upgrade

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On April 19th, it was reported that Coin An is expected to suspend the recharge and withdrawal services of the BNB Beacon Chain (BEP2) network at 14:45 Beijing time on April 21, 20

Coin An to Suspend Recharge and Withdrawal Services for BNB Beacon Chain (BEP2) Network Upgrade

On April 19th, it was reported that Coin An is expected to suspend the recharge and withdrawal services of the BNB Beacon Chain (BEP2) network at 14:45 Beijing time on April 21, 2023, in order to support the network upgrade and hard fork of the BNB Beacon Chain (BEP2) at a height of 310182000 (estimated at 15:00 East Eighth District time on April 21, 2023).

Coin On will temporarily suspend the charging of BEP2 network on April 21st at 14:45 to support BNB Beacon Chain network upgrade

On April 19th, 2023, Coin An, one of the leading cryptocurrency exchanges, announced that it will suspend the recharge and withdrawal services of the BNB Beacon Chain (BEP2) network on April 21, 2023. The suspension is expected to take place at 14:45 Beijing time to support the network upgrade and hard fork of the BNB Beacon Chain (BEP2) at a height of 310182000. The estimated time of the hard fork is 15:00 East Eighth District time on April 21, 2023.

Why is Coin An Suspending the Recharge and Withdrawal Services of BNB Beacon Chain (BEP2)?

Coin An has decided to suspend the recharge and withdrawal services of the BNB Beacon Chain (BEP2) network in order to support the network upgrade and hard fork. The hard fork will enable BNB Beacon Chain (BEP2) to implement new features and improvements, making it more efficient and reliable.

What is a Hard Fork?

A hard fork is a type of network upgrade that introduces significant changes to the protocol. It requires all nodes to upgrade to the latest software version to maintain network consensus. Hard forks are often used to introduce new features, fix bugs, or address security issues on the network.

What will Happen to BNB Beacon Chain (BEP2) During the Network Upgrade?

During the network upgrade, BNB Beacon Chain (BEP2) will undergo a hard fork to implement new features and improvements. As a result, the blockchain will split into two different chains, with the original chain remaining unchanged and the new chain implementing the upgrades. Users holding BNB Beacon Chain (BEP2) tokens are advised to avoid making transactions during the hard fork period.

Steps to Take During the Network Upgrade

Coin An has advised its users to take certain steps during the network upgrade to ensure a smooth transition. Users are advised to refrain from making transactions involving BNB Beacon Chain (BEP2) tokens during the hard fork period. Withdrawals and deposits will be suspended until the network upgrade is complete. Coin An will notify users once the upgrade is complete and services are restored.

Conclusion

The upcoming network upgrade and hard fork of BNB Beacon Chain (BEP2) will introduce new features and improvements to enhance the network’s efficiency and reliability. To support the upgrade, Coin An will suspend the recharge and withdrawal services of the BNB Beacon Chain (BEP2) network on April 21, 2023. Users are advised to avoid making transactions during the hard fork period and wait for Coin An’s notification once services are restored.

FAQs

Q: What is BNB Beacon Chain (BEP2)?
A: BNB Beacon Chain (BEP2) is a blockchain network developed by Binance that allows for the minting and staking of BEP2 tokens.
Q: What are the benefits of the upcoming network upgrade?
A: The network upgrade will introduce new features and improvements to enhance the network’s efficiency and reliability.
Q: When will Coin An resume recharge and withdrawal services?
A: Coin An will notify its users once the network upgrade is complete and services are restored.

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