Binance to Suspend Moonbeam Network Deposits and Withdrawals for GLMR Upgrade
The exchange said token deposits and withdrawals on Moonbeam (a Polkadot-compatible blockchain) will stop from 12:00 UTC on April 13 ahead of a network upgrade scheduled about one hour later.
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Summary
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Terms & Concepts
Network upgrade: A blockchain protocol update that can change system rules, performance, or compatibility for users and infrastructure providers.
Moonbeam: A smart contract (self-executing blockchain code) platform connected to the Polkadot ecosystem and designed for Ethereum-compatible applications.
Block height: The numbered position of a block in a blockchain, commonly used to schedule technical events such as upgrades.