Binance to Support BNB Smart Chain Network Upgrade and Hard Fork

The crypto exchange will pause deposits and withdrawals during scheduled wallet maintenance and on the upgrade date before resuming services automatically.

BNB

Summary

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Terms & Concepts
  • BNB Smart Chain (BEP20): A blockchain network developed by Binance supporting BEP20 token standard and smart contracts.
  • Hard Fork: A blockchain protocol change creating an incompatible divergence from the previous version, requiring node upgrades.
  • Wallet Maintenance: Temporary suspension of deposit and withdrawal functions to perform updates or security changes.