Binance, a leading cryptocurrency exchange, has announced its support for an upcoming Zilliqa (ZIL) network upgrade slated for February 5, 2026. This process will involve a network update and hard fork, which are set to temporarily halt certain functionalities. The major objectives of the update are to reinforce asset security and maintain system stability. Despite the operational suspensions, trading of ZIL tokens will proceed as usual.
What Are the Details of the Upgrade?
According to Binance’s official statement, the upgrade will commence at block height 19,486,411 and is projected to conclude around 1:00 PM Turkish Standard Time. As a precaution, ZIL network deposits and withdrawals will pause at 9:00 AM to ensure a seamless technical transition. This initiative is expected to enhance the Zilliqa ecosystem’s infrastructure, improving its performance for the future.
The core aim of this hard fork is to bolster the network’s scalability and security. Binance has ensured users that they will manage all technical aspects of the upgrade, relieving users from the need to take any manual actions. This proactive approach is intended to minimize technical risks associated with the upgrade.
What Will Binance Users Experience?
From the information shared by Binance, users can expect a focus on safeguarding their experience and avoiding potential disruptions. Although some temporary restrictions on off-chain transfers will be in place, trading on the platform will remain unaffected. Once the upgrade concludes, deposit and withdrawal functions will restart post-confirmation of the network’s stability.
Upon completion, Binance’s technical team will ensure the network operates securely before reactivating all services. Users should note that there won’t be further announcements for this resumption phase.
The approach undertaken by Binance mirrors standard practices followed by prominent exchanges during such significant network updates. These stringent measures are imperative, as technical issues in platforms with heavy transaction volumes can harm investor confidence and market stability.
– ZIL network upgrade finalized for February 5, 2026, involving a temporary suspension of operations.
– Aspects addressed: Improved scalability and enhanced security.
– Binance to manage technical processes, ensuring uninterrupted ZIL trading.
– Services to resume post successful verification of network stability.
The decision by Binance underscores its commitment to secure and effective management of technical upgrades on its platform. All measures have been devised to uphold high standards of security and functionality without compromising user activity within the exchange.
