Binance, a leading cryptocurrency exchange, has confirmed its support for the upcoming Shentu (CTK) network upgrade and hard fork, scheduled for October 30, 2024. According to Binance, the exchange will temporarily suspend deposits and withdrawals of Shentu tokens to ensure a seamless transition.

Network Upgrade Details

The Shentu network upgrade and hard fork will occur at block height 20,949,300, expected to take place around 12:00 (UTC) on the same day. Although trading of Shentu tokens will not be affected, users should be aware of the temporary suspension of deposits and withdrawals starting at 11:00 (UTC).

Binance’s Role

Binance has assured its users that it will manage all technical requirements related to the upgrade. The exchange plans to reopen deposits and withdrawals once the upgraded network is deemed stable. Binance has also stated that no additional announcements will be issued post-upgrade.

Implications for Users

While the trading of Shentu tokens will continue uninterrupted, users should prepare for the temporary suspension of deposits and withdrawals. Binance has advised users to check the original English version of announcements for the most accurate information, due to potential discrepancies in translated versions.

Community and Developer Insights

The Shentu Foundation has released further details regarding the upgrade on their GitHub page, providing insights into the technical enhancements expected from the update. As Shentu continues to evolve, this upgrade represents a critical step in its development roadmap.

For more information on the network upgrade and hard fork, visit the Shentu Foundation’s GitHub repository.

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