Binance to Support BNB Smart Chain Network Upgrade and Hard Fork

The crypto exchange will pause wallet services on December 16 and January 14 ahead of the scheduled upgrade, according to its official statement.

BNB

Summary

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Terms & Concepts
  • BNB Smart Chain (BEP20): A blockchain developed by Binance for running smart contracts and decentralized applications, supporting BEP20 token standards.
  • Hard Fork: A permanent divergence in a blockchain protocol, creating updated rules that are incompatible with the old version.