Binance Announces Support for Chiliz (CHZ) and MultiversX (EGLD) Network Upgrades & Hard Forks

Binance
Supports
Chiliz
(CHZ)
and
MultiversX
(EGLD)
Network
Upgrades
and
Hard
Forks

In
a
recent
announcement,
Binance,
one
of
the
world’s
leading
cryptocurrency
exchanges,
has
declared
its
support
for
the
network
upgrades
and
hard
forks
of
Chiliz
(CHZ)
and
MultiversX
(EGLD).
These
upgrades
aim
to
enhance
the
user
experience
on
the
respective
networks.

Details
of
the
Network
Upgrades

The
Chiliz
(CHZ)
network
upgrade
and
hard
fork
are
expected
to
occur
at
the
block
height
of
13,189,711,
approximately
on
2024-05-20
at
07:00
UTC.
In
preparation
for
this
change,
Binance
will
suspend
the
deposits
and
withdrawals
of
CHZ
tokens
on
the
network
starting
from
2024-05-20
at
06:00
UTC.

Similarly,
the
MultiversX
(EGLD)
network
upgrade
is
scheduled
for
2024-05-21
at
16:20
UTC.
Binance
will
also
suspend
the
deposits
and
withdrawals
of
EGLD
tokens
on
the
MultiversX
network
starting
from
approximately
2024-05-21
at
15:20
UTC.

Impact
on
Trading
and
User
Experience

Binance
reassures
its
users
that
the
trading
of
tokens
on
the
aforementioned
networks
will
not
be
affected
by
these
changes.
The
exchange
will
handle
all
technical
requirements
for
all
users,
ensuring
a
seamless
transition
during
the
upgrades.
Deposits
and
withdrawals
for
tokens
on
the
upgraded
networks
will
be
reopened
once
the
networks
are
deemed
to
be
stable.
Binance
will
not
post
a
further
announcement
regarding
this.

Binance
continues
to
provide
support
for
major
network
upgrades
and
hard
forks
in
the
cryptocurrency
space,
enhancing
its
platform’s
user
experience
and
solidifying
its
position
as
a
leading
global
cryptocurrency
exchange.

Image
source:
Shutterstock

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