Coin security will support the upgrade of Ethereum Shapella, and the recharging and withdrawal of ETH and ERC-20 will be suspended at 6:20 on April 13

It is reported that Coin On announced that it will support the Shapella upgrade of the Ethereum network. The Shapella upgrade of the Ethereum network will be activated at epoch194048 on April 12, 22:27:35 UTC (06:27:35 Beijing time). Starting from approximately 6:20 on April 13, it will suspend the recharging and withdrawal of ETH and ERC-20 tokens through the Ethereum network, and reopen the recharging and withdrawal of ETH and ERC-20 tokens after the upgrade completes network stability.

Coin security will support the upgrade of Ethereum Shapella, and the recharging and withdrawal of ETH and ERC-20 will be suspended at 6:20 on April 13

I. Introduction
– Explanation of Coin On, Ethereum network, and the Shapella upgrade
– Importance of Coin On supporting the upgrade
II. The Shapella Upgrade
– Explanation of the upgrade and its benefits
– Features of the upgrade
III. Coin On’s announcement
– Details of Coin On’s support for the upgrade
– Implications of the announcement
IV. Impact on users
– Explanation of the temporary suspension of recharging and withdrawal
– Importance of preparing for the upgrade
V. Conclusion
– Summary of key points
– Implications for the future
VI. FAQs
– What is the Shapella upgrade of the Ethereum network?
– How does Coin On’s support for the upgrade affect Ethereum network users?
– What steps should users take to prepare for the network upgrade?
# Article:
Coin On to Support Shapella Upgrade of Ethereum Network
Coin On, a popular cryptocurrency exchange, announced its support for the Shapella upgrade of the Ethereum network. The upgrade will be activated at epoch194048 on April 12, 22:27:35 UTC (06:27:35 Beijing time). From approximately 6:20 on April 13, the recharging and withdrawal of ETH and ERC-20 tokens through the Ethereum network will be suspended. The recharging and withdrawal of these tokens will reopen only after the upgrade is completed and the network stability is ensured.
This article will provide an overview of the Shapella upgrade of the Ethereum network and highlight the importance of Coin On’s support for the upgrade. It will also discuss the impact on users and provide recommendations for preparing for the upgrade.

The Shapella Upgrade

The Shapella upgrade is a major update to the Ethereum network, aimed at improving its functionality and addressing some of its long-standing issues. Some of the key features of the upgrade include:
– Lowering transaction fees: This is achieved by implementing the EIP-1559 proposal, which is expected to make transactions more predictable and reduce the volatility of fees.
– Enhancing security: The upgrade introduces some security enhancements, such as the delay of mining rewards and difficulty bomb adjustments, to make the network more secure and reliable.
– Increasing efficiency: The upgrade optimizes the network’s data storage and processing capabilities, making it more efficient and scalable.

Coin On’s Announcement

Coin On’s announcement of support for the Shapella upgrade is a significant development for the Ethereum network. The exchange has a large user base and holds a considerable amount of ETH and ERC-20 tokens, which makes its support critical for the success of the upgrade.
According to Coin On, its support for the upgrade will include:
– Suspending ETH and ERC-20 token withdrawal and deposit during the upgrade period to ensure that no tokens are lost or stolen.
– Updating its systems to support the new features of the upgraded network.
– Providing users with guidance and assistance throughout the upgrade process.
Coin On’s support is expected to help the Ethereum network complete the upgrade successfully and with minimal disruptions.

Impact on Users

Although the Shapella upgrade is an important development for the Ethereum network, it will have a temporary impact on users. The temporary suspension of recharging and withdrawal of ETH and ERC-20 tokens through the Ethereum network may cause inconvenience for some users. However, this is necessary to ensure that the upgrade is completed successfully and that the network remains secure.
To prepare for the upgrade, users should take the following steps:
– Plan ahead: Users should make sure to withdraw or deposit their tokens before the upgrade period starts to avoid any inconvenience.
– Stay informed: Users should keep an eye on official announcements and updates from the Ethereum network and Coin On to stay informed about the progress and any changes.
– Be patient: Users should be patient throughout the upgrade process and be prepared for any delays or disruptions.

Conclusion

The Shapella upgrade of the Ethereum network represents an important milestone for the network’s development and success. Coin On’s support for the upgrade is crucial to its success, and its commitment to ensuring the safety and stability of the network is highly appreciated.
As users prepare for the temporary suspension of recharging and withdrawal of ETH and ERC-20 tokens through the Ethereum network, they should take the necessary steps to avoid any potential inconvenience. Staying informed, planning ahead, and being patient will help ensure a smooth transition.

FAQs

1. What is the Shapella upgrade of the Ethereum network?
The Shapella upgrade is a major update to the Ethereum network aimed at improving its functionality, security, and efficiency. It includes features such as reducing transaction fees and enhancing network scalability.

2. How does Coin On’s support for the upgrade affect Ethereum network users?
Coin On’s support is critical to the success of the upgrade, as it holds a significant portion of ETH and ERC-20 tokens. It will suspend withdrawal and deposits during the upgrade period to ensure the safety and security of users’ assets.
3. What steps should users take to prepare for the network upgrade?
Users should plan ahead, stay informed, and be patient throughout the upgrade process. They should withdraw or deposit their tokens before the upgrade period starts and keep an eye on official announcements and updates from the Ethereum network and Coin On.