Coin An to Suspend Recharge and Withdrawal for BNB Beacon Chain (BEP2) Network Upgrade

On April 19th, it was reported that Coin An is expected to suspend the recharge and withdrawal services of the BNB Beacon Chain (BEP2) network at 14:45 Beijing time on April 21, 2023, in order to support the network upgrade and hard fork of the BNB Beacon Chain (BEP2) at a height of 310182000 (estimated at 15:00 East Eighth District time on April 21, 2023).

Coin On will temporarily suspend the charging of BEP2 network on April 21st at 14:45 to support BNB Beacon Chain network upgrade

On April 19th, Coin An announced its plans to temporarily suspend recharge and withdrawal services for the BNB Beacon Chain (BEP2) network. This suspension is scheduled for April 21, 2023, at 14:45 Beijing Time to support the network upgrade and hard fork of the BNB Beacon Chain (BEP2) at a height of 310182000. All users of the BNB Beacon Chain (BEP2) network should prepare for the upcoming suspension and take necessary precautions.

What is Coin An?

Coin An, established in 2017, is a Singapore-based cryptocurrency exchange. It serves users worldwide with a variety of digital assets, including but not limited to BTC, ETH, BNB, and DOGE. Coin An offers competitive fees and a secure platform for users to trade and store Cryptocurrencies.

What is BNB Beacon Chain (BEP2)?

BNB Beacon Chain (BEP2) is a decentralized, open-source blockchain network created by Binance. It serves as the foundation for Binance Smart Chain (BSC), which allows developers to create decentralized applications (dApps) and smart contracts. The BNB Beacon Chain (BEP2) network has a robust ecosystem that supports various decentralized finance (DeFi) applications.

What is Network Upgrade and Hard Fork?

A network upgrade is a term used to describe an essential update to a blockchain network, such as BNB Beacon Chain (BEP2) to improve efficiency, fix bugs, or add new functionalities. A hard fork is a substantial change to the blockchain protocol that usually requires all nodes or users to upgrade to the latest version to maintain consensus. It results in a split in the chain, creating two separate branches that are incompatible.

Why is Coin An Suspending Recharge and Withdrawal Services for BNB Beacon Chain (BEP2)?

Coin An suspended recharge and withdrawal services for BNB Beacon Chain (BEP2) to support the network upgrade and hard fork of the BNB Beacon Chain (BEP2) at a height of 310182000 on April 21, 2023. This upgrade will improve the network’s efficiency, security, and scalability, and create additional features for users.

What Should BNB Beacon Chain (BEP2) Users Do?

All BNB Beacon Chain (BEP2) users should prepare for the upcoming suspension of recharge and withdrawal services. It is advisable to keep the BNB Beacon Chain (BEP2) balance in Coin An to avoid any loss. However, suppose you need to make any transaction during the suspension period. In that case, you may consider other options such as peer-to-peer transactions or using other cryptocurrency exchanges that support the BNB Beacon Chain (BEP2) network.

Conclusion

Coin An’s temporary suspension of recharge and withdrawal services for BNB Beacon Chain (BEP2) aims to support the network’s upgrade and hard fork. It demonstrates the commitment of the cryptocurrency community towards achieving a better and more efficient blockchain network. It is advisable for all BNB Beacon Chain (BEP2) users to prepare for the suspension and make alternative arrangements if necessary.

FAQs

1. What is the BNB Beacon Chain (BEP2) network?
BNB Beacon Chain (BEP2) is an open-source blockchain network created by Binance that serves as the foundation for Binance Smart Chain (BSC), which allows developers to create decentralized applications (dApps) and smart contracts.
2. Why is Coin An suspending recharge and withdrawal services for BNB Beacon Chain (BEP2)?
Coin An is suspending recharge and withdrawal services for BNB Beacon Chain (BEP2) to support the network upgrade and hard fork of the BNB Beacon Chain (BEP2) at a height of 310182000 on April 21, 2023.
3. What should BNB Beacon Chain (BEP2) users do during the suspension period?
BNB Beacon Chain (BEP2) users should keep their balance in Coin An to avoid any loss. However, if any transaction cannot be avoided, they may consider other options, such as peer-to-peer transactions or other cryptocurrency exchanges that support the BNB Beacon Chain (BEP2) network.