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

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

If you’re invested in BNB Beacon Chain (BEP2) network, you’re probably aware of the recent news that on April 19th, Coin An announced its plan to suspend the recharge and withdrawal services of the network at 14:45 Beijing time on April 21, 2023, 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).
Here’s everything you need to know about the upgrade, hard fork, and what to do during the suspension.

What is the BNB Beacon Chain (BEP2) Network Upgrade and Hard Fork?

The BNB Beacon Chain (BEP2) network runs on the Binance Smart Chain (BSC) and serves as the glue that binds the Binance Chain and Binance Smart Chain together. The network upgrade and hard fork aim to improve and stabilize the BSC network by incorporating several new features and upgrades, including:
– Improved network performance, scalability, and security
– Enhanced cross-chain communication and compatibility
– Better block synchronization and management
The hard fork is a critical part of the upgrade, as it helps to ensure that all nodes and participants in the network are running the same software version post-upgrade.

Why is Coin An Suspending Recharge and Withdrawal Services?

Coin An is suspending the recharge and withdrawal services of the BNB Beacon Chain (BEP2) network to allow for a smooth and seamless transition during the network upgrade and hard fork. This is a necessary precautionary measure to ensure that no funds are lost or stolen during the upgrade process.
Coin An recommends that all users deposit BNB Beacon Chain (BEP2) tokens in advance of the suspension at 14:45 Beijing time on April 21, 2023, to avoid any potential issues or losses. Users will be able to resume their recharge and withdrawal services once the upgrade and hard fork are complete.

What Should You Do During the Suspension?

During the suspension, Coin An will freeze all recharge and withdrawal requests for BNB Beacon Chain (BEP2) tokens. Users will still be able to trade, but they will not be able to deposit or withdraw their tokens until after the upgrade and hard fork are complete.
If you need to deposit or withdraw BNB Beacon Chain (BEP2) tokens during the suspension, Coin An recommends that you do so before April 21, 2023, at 14:45 Beijing time. If you miss the deadline, you’ll have to wait until after the upgrade and hard fork before you can resume your recharge and withdrawal services.

Conclusion

In conclusion, Coin An’s decision to suspend the recharge and withdrawal services of the BNB Beacon Chain (BEP2) network during the upgrade and hard fork is a necessary precautionary measure to ensure the safety and security of all users’ funds. Although the suspension may cause inconvenience to BNB Beacon Chain (BEP2) token holders, it’s a small price to pay to ensure the stability and future success of the network.

FAQs:

1. When will the network upgrade and hard fork take place?
The upgrade and hard fork will take place at a height of 310182000 (estimated at 15:00 East Eighth District time on April 21, 2023).
2. Can I still trade BNB Beacon Chain (BEP2) tokens during the suspension?
Yes, you can still trade BNB Beacon Chain (BEP2) tokens during the suspension, but you won’t be able to deposit or withdraw them until after the upgrade and hard fork are complete.
3. What should I do if I need to deposit or withdraw BNB Beacon Chain (BEP2) tokens during the suspension?
Coin An recommends that you deposit or withdraw BNB Beacon Chain (BEP2) tokens before April 21, 2023, at 14:45 Beijing time. If you miss the deadline, you’ll have to wait until after the upgrade and hard fork are complete.