Binance to Support Ardor (ARDR) Network Upgrade and Hard Fork

Binance, a leading cryptocurrency exchange, has confirmed its support for the upcoming Ardor (ARDR) network upgrade and hard fork, according to Binance. This strategic decision is aimed at ensuring a seamless experience for users during the transition period.

Temporary Suspension of Deposits and Withdrawals

Starting from December 1, 2024, at 12:00 UTC, Binance will temporarily suspend deposits and withdrawals of Ardor tokens. The network upgrade and hard fork are scheduled to occur at block height 3,700,000, approximately an hour later at 13:00 UTC. This pause in transactions is a precautionary measure to facilitate the upgrade process.

Impact on Trading Activities

Despite the suspension of deposits and withdrawals, trading activities for tokens on the Ardor network will remain unaffected. Binance has assured its users that it will manage all technical requirements associated with the upgrade to maintain uninterrupted trading services.

Resumption of Services

Once the upgraded network is deemed stable, Binance will reopen deposits and withdrawals. However, no specific announcement will be made regarding the resumption, urging users to monitor the platform for real-time updates.

Precautionary Measures and Information

Binance has advised users to refer to the original English version of any announcements to avoid discrepancies with translated versions. Additionally, users have been directed to the Ardor project team's latest updates for more detailed information on the upgrade.

This network upgrade is part of Ardor’s ongoing efforts to enhance its blockchain infrastructure, aiming to improve scalability and functionality. Binance’s support reflects its commitment to providing comprehensive services and maintaining the integrity of its platform during significant blockchain events.