Binance to Support Horizen (ZEN) Network Upgrade on September 12, 2024

Binance,
one
of
the
world’s
leading
cryptocurrency
exchanges,
has
announced
its
intention
to
support
the
upcoming
Horizen
(ZEN)
network
upgrade.
According
to
Binance,
the
upgrade
is
scheduled
to
take
place
on
September
12,
2024,
at
approximately
07:00
UTC.

Details
of
the
Upgrade

To
facilitate
the
network
upgrade,
Binance
will
temporarily
suspend
deposits
and
withdrawals
of
tokens
on
the
Horizen
(ZEN)
network
starting
at
07:00
UTC
on
the
same
day.
The
upgrade
itself
is
expected
to
occur
around
08:00
UTC,
at
the
block
height
of
1,627,572.
Despite
the
suspension
of
deposits
and
withdrawals,
the
trading
of
ZEN
tokens
will
not
be
affected.

Technical
Handling

Binance
has
assured
users
that
it
will
manage
all
technical
requirements
involved
in
the
network
upgrade,
ensuring
a
smooth
transition.
Deposits
and
withdrawals
will
be
reopened
once
the
upgraded
network
is
considered
stable.
The
exchange
has
also
indicated
that
no
further
announcements
will
be
made
regarding
the
reopening
of
services.

Impact
on
Users

The
upgrade
aims
to
enhance
the
Horizen
network’s
performance
and
security,
thereby
providing
a
better
user
experience.
Users
are
advised
to
plan
their
transactions
accordingly
to
avoid
any
inconvenience.

Official
Announcement

The
original
announcement,
including
further
technical
details
and
updates,
can
be
found
on
the

Binance
website.

Binance
has
also
noted
the
potential
for
discrepancies
in
translated
versions
of
the
announcement
and
recommends
referring
to
the
original
English
version
for
the
most
accurate
information.

As
always,
users
are
encouraged
to
stay
informed
about
potential
risks
and
consult
financial
advisors
if
needed,
especially
given
the
volatile
nature
of
digital
assets.

Image
source:
Shutterstock