Today, cryptocurrency exchange Binance released an announcement concerning an altcoin called Neutron (NTRN). This notification details the temporary suspension of deposits and withdrawals on the Neutron network to facilitate a network upgrade. The upgrade aims to enhance the overall user experience.
What Does the Upgrade Entail?
Starting from 16:30 Turkey time on May 23, 2024, Binance will suspend all token transactions on the Neutron (NTRN) network. This measure is to support a scheduled network upgrade. The upgrade is slated to occur at block height 10,525,000, which is estimated to happen around 17:30 Turkey time on the same day.
How Will Users Be Affected?
Binance reassured users that the trading of tokens on the Neutron network will remain unaffected during this period. The platform also emphasized that it will handle all technical aspects necessary for the upgrade. Deposits and withdrawals will resume once the network is confirmed to be stable, with no further announcements planned.
Key Takeaways for Users
Users should note the following points:
- Deposits and withdrawals on the Neutron network will be suspended starting 16:30 Turkey time on May 23, 2024.
- The upgrade is set to occur at an estimated block height of 10,525,000.
- Trading of Neutron tokens will not be affected.
- Transactions will resume once stability is confirmed, without additional notifications.
Following these guidelines will ensure a smooth experience for users during the network upgrade.