PIVX

<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/binance-halts-pivx-network-operations-for-upgrade" rel="noopener noreferrer nofollow">Binance Halts PIVX Network Operations for Upgrade</a><br></p>
<p style="text-align: justify"><a href="https://en.bitcoinhaber.net/binance-labs-invests-in-memecoin-meme-by-memeland" rel="noopener noreferrer nofollow">Binance</a>, a prominent <a href="https://en.bitcoinhaber.net/alaskas-step-against-inflation-direct-payments-to-residents" rel="noopener noreferrer nofollow">cryptocurrency</a> trading platform, has announced the suspension of all deposits and withdrawals for the PIVX (PIVX) network. The halt in transactions facilitates a significant network upgrade and a hard fork set to take place today. This move is part of the exchange’s efforts to ensure a smooth upgrade process for the network.</p>
<h2 id="binance-readies-for-pivx-upgrade">Binance Readies for PIVX Upgrade</h2>
<p style="text-align: justify">The suspension, effective from 14:00, precedes the scheduled network improvement activities at 15:00 TRT. This measure aims to preempt any potential disruptions to the users’ trading experience and contribute to the seamless implementation of the network enhancements. By temporarily disabling these services, Binance prepares its platform and users for the upcoming changes without compromising the continuity of trading activities.</p>
<p style="text-align: justify">With the upgrade and hard fork underway, Binance assures its clientele that the trading of PIVX and other associated tokens remains uninterrupted. The exchange will take on the technical responsibilities necessary for the upgrade, allowing users to trade without concern for the underlying network changes.</p>
<h2 id="resumption-of-services-post-upgrade">Resumption of Services Post-Upgrade</h2>
<p style="text-align: justify">The upgrade, expected to be executed at block height 4,281,680, is a critical development for the PIVX network. While Binance has not specified an exact timeframe for restoring deposit and withdrawal functionalities, it emphasizes that these services will be reinstated once the network demonstrates stable operation post-upgrade.</p>
<p style="text-align: justify">The announcement underscores Binance’s dedication to offering a secure and efficient trading environment by actively engaging in the maintenance and enhancement of the networks it supports. This proactive approach reflects the exchange’s broader commitment to bolstering the cryptocurrency ecosystem’s robustness through continuous technological evolution.</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-halts-pivx-network-operations-for-upgrade" rel="noopener noreferrer nofollow">Binance Halts PIVX Network Operations for Upgrade</a></h5>

Binance Halts PIVX Network Operations for Upgrade

Table of Contents

BH NEWS

Other articles published on Feb 29, 2024

Mercedes-Benz Announces Partnership with Biconomy

Top Cryptocurrencies Poised To Hit New All-time Highs In March

Crypto Analyst Says Dogecoin and Shiba Inu Looking ‘Extremely Good,’ Updates Outlook on Bitcoin a...

Dogecoin (DOGE) Price Jumps 30% Past 12 Cents, Beginning of Parabolic Rally?

First-ever ICO on Bitcoin excels as Marathon Digital reveals new layer-2 network

Top Altcoins Picks For 5-50x Gains in 2024

Join our free newsletter for daily crypto updates!