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Binance Will Support the BNB Smart Chain (BEP20) Network Upgrade & Hard Fork

Cointime Official

The Binance Smart Chain (BSC) network is set to undergo a significant upgrade and hard fork at block height 27,281,024 in just a few hours. This upgrade will affect the BEP20 network, which is a popular standard for tokens on BSC.

To ensure the stability of the network during this process, Binance has announced that deposits and withdrawals on BEP20 will be temporarily suspended 15 minutes prior to the upgrade. Once the network is deemed to be stable, these services will resume.

This upgrade is seen as a crucial step forward for Binance Smart Chain, as it will introduce a number of important improvements and optimizations to the network. These upgrades are expected to improve the overall performance and security of BSC, which will be a significant benefit to users and developers alike.

From Binance's Announcement:

Fellow Binancians,Binance will support the BNB Smart Chain (BEP20) network upgrade and hard fork.

  • The BNB Smart Chain (BEP20) network upgrade and hard fork will take place at the BNB Smart Chain block height of 27,281,024, or approximately at 2023-04-12 05:30 (UTC). Deposits and withdrawals on BNB Smart Chain (BEP20) will be suspended starting from approximately 2023-04-12 05:15 (UTC).

Please note:

  • The trading of tokens available on BNB Smart Chain (BEP20) will not be affected during the network upgrade and hard fork.
  • The BNB Smart Chain (BEP20) network upgrade and hard fork will take place at the BNB Smart Chain block height of 27,281,024. The estimated time is for users’ reference only.
  • Binance will handle all technical requirements involved for all users.
  • The BNB Smart Chain (BEP20) network upgrade and hard fork will not result in new tokens being created.
  • We will reopen deposits and withdrawals for BNB Smart Chain (BEP20) once we deem the upgraded network to be stable, and we will not notify users in a further announcement.
  • Where any discrepancy arises between the translated versions and the original English version, the English version shall prevail.

For more information on the network upgrade and hard fork, please refer to the following:

Thanks for your support!Binance Team

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