In a significant move, cryptocurrency exchange Binance announced a temporary suspension of transactions on the Horizon network scheduled for March 11, 2025. The pause will begin at 16:00 TR time or block number 1,730,680 to facilitate a crucial upgrade aimed at bolstering the network’s security and efficiency. While deposits and withdrawals will be affected, trading for the ZEN coin will continue uninterrupted.
What Enhancements Will the Horizon Update Provide?
The upcoming Horizon network upgrade is designed to strengthen system integrity and improve operational performance. These kinds of updates are essential as they align with the broader advancements in blockchain technology, making the network both faster and more secure. Binance assures users that they do not need to take any action during this upgrade.
What Should Binance Users Expect During This Period?
Users of Binance need to prepare for the suspension of deposit and withdrawal functions on the Horizon network, starting at 15:00 TR on the same day. Once the upgrade is completed, these operations will automatically resume without further announcements.
Although trading will remain operational, it is advisable for users to keep a close eye on their account activities during the upgrade. Checking balances regularly is recommended to adjust trading strategies accordingly.
- Transactions on the Horizon network will halt temporarily on March 11, 2025.
- Trading for ZEN coin will not be interrupted during the upgrade.
- Users should monitor their accounts closely during this period for any unexpected technical issues.
With the focus on reliability and user security, Binance is taking necessary measures to ensure a smooth upgrade process. Users are encouraged to follow official communications for any updates or changes related to the Horizon network.
