Binance to Support Terra (LUNA) Phoenix Upgrade: What You Need to Know
Binance, the world's largest cryptocurrency exchange, has announced its support for the Terra (LUNA) Phoenix v2.4 software upgrade. This is important news for all LUNA holders and those interested in the Terra network.
Binance Supports Terra (LUNA) Phoenix v2.4 Upgrade
Binance officially announced its support for the Terra (LUNA) Phoenix v2.4 software upgrade. This support demonstrates Binance's commitment to the Terra community and its ongoing development. The Terra community has successfully passed the on-chain proposal for the upgrade, paving the way for improvements to the network.
Upgrade Details: Timing and Block Height
The upgrade is scheduled to take place on July 18 at UTC, at block height 5,994,365. Fellow Binancians, Binance will support the Terra (LUNA) network upgrade. This will take place at the block height of 7,722,000, or approximately at (UTC). Crypto exchange Binance in an official announcement on July 17 informed that it will support Terra (LUNA) Phoenix v2.4 software upgrade.
Impact on Terra (LUNA) Deposits and Withdrawals
In its effort to aid the upgrade process, Binance has revealed its plans to temporarily suspend deposits and withdrawals of the LUNA token. The Terra (LUNA) network upgrade. Deposits and withdrawals will be paused for a specific period to ensure a smooth transition.
What Does the Terra (LUNA) Phoenix Upgrade Mean?
The Terra (LUNA) Phoenix software upgrade brings several improvements and optimizations to the network. The network upgrade is designed to enhance the performance and stability of the Terra blockchain.
Stay Updated on Binance and the Terra (LUNA) Network
Binance, the world's largest crypto exchange, has announced that it will support the Terra (LUNA) Phoenix software upgrade. According to the announcement, the Binance, the world's largest cryptocurrency exchange, has announced its support for the Terra (LUNA) Phoenix v2.4 software upgrade. The upgrade is expected to take place as planned.
Continue to monitor Binance's official announcements and the Terra community channels for further updates and details regarding the upgrade process. The world’s largest crypto exchange Binance on Monday said it will support the Terra (LUNA) network upgrade.