Binance, one of the world’s leading cryptocurrency exchanges, has announced its support for the upcoming network upgrade and hard fork of the Shentu (CTK) network. According to Binance, the upgrade is scheduled to occur at the block height of 21,239,900, approximately on November 19, 2024, at 13:00 UTC.

Temporary Suspension of Services

To facilitate the upgrade, Binance will temporarily suspend the deposits and withdrawals of tokens on the Shentu network starting from November 19, 2024, at 12:00 UTC. The exchange assured users that trading of tokens on the Shentu network will remain unaffected during this period.

Technical Requirements and User Impact

Binance has confirmed that it will handle all technical requirements necessary for the upgrade, ensuring a smooth transition for its users. Once the upgraded network is deemed stable, deposits and withdrawals will be reopened without further announcements.

Background on Shentu (CTK) Network

Shentu, previously known as CertiK Chain, is a blockchain platform focused on security and reliability for smart contracts and decentralized applications. The network upgrade is part of its ongoing efforts to enhance its infrastructure and provide better services to its users.

As part of the announcement, Binance advised users to refer to the original English version of any translated content to avoid discrepancies. The exchange also highlighted that digital asset investments carry high market risks and price volatility, urging users to make informed decisions.

For more information, visit the Binance announcement.

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