Binance to Support Horizen (ZEN) Network Upgrade in December 2024

Binance, one of the leading cryptocurrency exchanges, has announced its support for an upcoming network upgrade for Horizen (ZEN), a privacy-focused blockchain platform. According to Binance, the upgrade is set to occur at block height 1,679,880, anticipated around December 12, 2024, at 18:00 UTC.

Temporary Suspension of Services

In preparation for the network upgrade, Binance will temporarily suspend deposits and withdrawals of ZEN tokens starting December 12, 2024, at 17:00 UTC. This measure is taken to ensure a seamless transition and optimal user experience during the upgrade process. However, trading of ZEN tokens will remain unaffected throughout the period.

Technical Management and Stability

Binance assures its users that it will manage all technical requirements necessary for the upgrade. The platform will resume deposits and withdrawals once the network is deemed stable post-upgrade. Binance has emphasized that no further announcements will be made regarding the resumption of these services.

Additional Information

For users seeking more technical details about the upgrade, Binance has directed them to consult the official announcement from the Horizen project team, which can be found on their GitHub repository. Binance has also highlighted the importance of referring to the original English version of their announcements for the most accurate information, as discrepancies may exist in translated versions.

This network upgrade is part of Horizen's ongoing efforts to enhance its platform's capabilities and security features. Horizen, known for its sidechain technology and privacy features, continues to evolve its infrastructure to meet growing demands and technological advancements in the blockchain industry.

As the cryptocurrency landscape continues to develop, exchanges like Binance play a crucial role in facilitating upgrades and ensuring users can benefit from improved network functionalities without disruptions.