Major cryptocurrency exchange Binance will suspend Ether deposits and withdrawals to support the recently announced Ethereum network Muir Glacier upgrade.
In a Dec. 30 blog post, Binance said that deposits and withdrawals will be suspended on the platform prior to the Ethereum network block height of 9,200,000 selected to execute the upgrade.
While ETH trading will not be affected during the upgrade, deposits and withdrawals will be reopened once Binance deems the upgraded network to be stable.
Muir Glacier upgrade comes less than a month after Istanbul hard fork.
Described in a Nov. 22 proposal by Ethereum developer James Hancock, the Muir Glacier upgrade is expected to be activated on the mainnet on Jan. 1, 2020 at block 9,200,000.
According to a blog post by the Ethereum Cat Herders - a community dedicated to the network's development - Muir Glacier has only one improvement proposal, EIP 2384.
The Ethereum Cat Herders explained that Muir Glacier upgrade is necessary following the Dec. 7 Instanbul upgrade because of problems predicting the timing of the difficulty bomb.
The Muir Glacier upgrade will only be activated on the Ropsten testnet network, according to the Ethereum Cat Herders.
Node operators and miners who have missed the Istanbul upgrade and are not a part of the current Ethereum chain are recommended to upgrade their client to Muir Glacier as soon as possible.
On Dec. 16, Binance announced a similar action to support a 2.0.2 network upgrade of Algorand, a decentralized blockchain network developed by the eponymous American blockchain firm.
Binance Will Support Newly Announced Ethereum Muir Glacier Upgrade
gepubliceerd op Dec 30, 2019
by Cointele | gepubliceerd op Coinage
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