Binance to Support Kaia (KLAY) Network Upgrade and Hard Fork

Binance,
one
of
the
leading
cryptocurrency
exchanges,
has
announced
its
support
for
the
upcoming
Kaia
(KLAY)
network
upgrade
and
hard
fork.
According
to
the
official
announcement
on

Binance,
the
exchange
will
temporarily
suspend
deposits
and
withdrawals
of
KLAY
tokens
starting
from
approximately
2024-08-29
00:30
(UTC).

Network
Upgrade
and
Hard
Fork
Details

The
Kaia
network
upgrade
and
hard
fork
are
scheduled
to
occur
at
the
block
height
of
162,900,480,
or
around
2024-08-29
01:30
(UTC).
This
upgrade
aims
to
enhance
the
network’s
performance
and
security,
ensuring
a
better
user
experience
for
all
participants.

Impact
on
Trading
and
User
Actions

Binance
has
assured
its
users
that
the
trading
of
KLAY
tokens
will
not
be
affected
during
the
network
upgrade.
The
exchange
will
manage
all
technical
requirements
necessary
for
the
upgrade,
relieving
users
from
any
manual
actions.
Once
the
upgraded
network
is
deemed
stable,
deposits
and
withdrawals
will
be
reopened
without
the
need
for
a
further
announcement.

Additional
Information

Binance
has
highlighted
that
there
may
be
discrepancies
in
translated
versions
of
the
announcement
and
advises
users
to
refer
to
the
original
English
version
for
the
most
accurate
information.
For
more
technical
details,
users
can
check
the
project’s
release
on
GitHub.

This
move
follows
Binance’s
consistent
efforts
to
support
network
upgrades
and
hard
forks,
ensuring
that
their
users
benefit
from
the
latest
developments
in
blockchain
technology.
The
exchange’s
proactive
approach
helps
maintain
a
secure
and
efficient
trading
environment
for
all
its
users.

Image
source:
Shutterstock