Horizen

<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/binance-bolsters-horizens-upgrade-and-splits-network" rel="noopener noreferrer nofollow">Binance Bolsters Horizen’s Upgrade and Splits Network</a><br></p>
<p style="text-align: justify">Binance, the globe’s preeminent cryptocurrency exchange by volume, recently declared its backing for Horizen’s (ZEN) imminent network upgrade and hard fork. Scheduled for February 7, the event marks a significant evolution for the cryptocurrency and its underlying technology.</p>
<h2 id="anticipated-horizen-enhancement-attracts-major-exchange-support">Anticipated Horizen Enhancement Attracts Major Exchange Support</h2>
<p style="text-align: justify">This strategic move by Binance, expected to occur at 3:00 PM local time or block height 1,502,800, will see the suspension of deposits and withdrawals for ZEN tokens. This pause, commencing roughly one hour before the event, aims to secure a seamless transition during the upgrade. However, Binance has assured that trading activities for ZEN will proceed as usual throughout this period.</p>
<p style="text-align: justify">Binance has committed to handling all necessary technical accommodations for its users, promising the restoration of deposit and withdrawal functions once the Horizen network demonstrates reliable performance post-upgrade.</p>
<h2 id="understanding-network-upgrades-and-hard-forks">Understanding Network Upgrades and Hard Forks</h2>
<p style="text-align: justify">Network upgrades and hard forks are pivotal changes in the protocol of altcoins like Horizen, intended to enhance <a href="https://en.bitcoinhaber.net/crypto-recovery-and-decline-in-crime-2023-outlook" rel="noopener noreferrer nofollow">security</a>, speed, or scalability. Such upgrades necessitate a consensus among network users, often leading to the adoption of new software versions and protocol compliance. While soft forks maintain compatibility with older versions, hard forks involve a decisive split from the former protocol, necessitating a unanimous update across the network.</p>
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on BH NEWS: </span> <a href="https://en.bitcoinhaber.net/binance-bolsters-horizens-upgrade-and-splits-network" rel="noopener noreferrer nofollow">Binance Bolsters Horizen’s Upgrade and Splits Network</a></h5>

Binance Bolsters Horizen’s Upgrade and Splits Network

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