CandleFocus Binance announces support for hard forks, updates on Harmony and VITE blockchains
2024-10-24
Author: Content Editor
Binance, the leading cryptocurrency exchange, has announced its support for the upcoming hard forks and network upgrades on the Harmony (ONE) and VITE (VITE) blockchains. During the upgrades, Binance will temporarily suspend deposits and withdrawals for ONE and VITE, while trading will continue as usual. The upgrade for Harmony is scheduled for October 31st and for VITE, it is projected for the same day. Binance will handle all technical processes and will announce the resumption of deposits and withdrawals once post-upgrade stability is confirmed. Hard forks are when blockchains split into two networks, and while they often result in new coins, not all of them succeed in the long term.
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