Binance, the leading cryptocurrency exchange, has announced its support for the upcoming Flow (FLOW) network upgrade and hard fork. According to Binance, the upgrade is scheduled to commence on September 4, 2024, at 12:00 UTC.

Details of the Upgrade

To facilitate the upgrade, Binance will suspend deposits and withdrawals of Flow (FLOW) tokens starting at approximately 11:00 UTC on the same day. However, trading of FLOW tokens will remain unaffected during this period. Binance assures users that it will handle all technical requirements related to the upgrade.

Resumption of Services

Once the upgraded network is deemed stable, deposits and withdrawals will be reopened. Binance has indicated that no further announcement will be made regarding the resumption of these services.

Important Notes

• The trading of Flow (FLOW) tokens will continue as usual during the upgrade.
• Binance will manage all technical aspects of the upgrade for its users.
• There may be discrepancies in translated versions of the announcement; the English version remains the most accurate.

For more detailed information, users are advised to refer to the official announcement from the project team here.

This network upgrade and hard fork are part of Flow’s ongoing efforts to enhance network performance and user experience. The blockchain, known for its scalability and developer-friendly environment, aims to continue its trajectory of growth and innovation.

Binance’s support for the Flow network upgrade underscores its commitment to providing a seamless and secure trading experience for its users. The exchange has a history of supporting similar upgrades and forks, ensuring that users’ assets remain safe and their trading experience is uninterrupted.

Image source: Shutterstock