In a move to enhance user experience and network stability, Binance, a leading cryptocurrency exchange, has announced its support for the upcoming network upgrades and hard forks of Sei (SEI) and Kadena (KDA). This article provides a detailed breakdown of these upgrades, including the scheduled times, potential impacts, and important user information.
What are Sei (SEI) and Kadena (KDA)?
- Sei (SEI): A high-throughput, decentralized exchange (DEX) blockchain specifically designed for order book trading. It aims to provide fast transaction speeds and low fees for traders. (https://www.sei.io/)
- Kadena (KDA): A Proof-of-Work (PoW) blockchain platform that utilizes a novel sharding mechanism to achieve scalability and security. It offers smart contract functionality for developers. (https://www.kadena.io/)
Network Upgrade Details
- Sei (SEI) Upgrade:
- Scheduled block height: 79,123,881 (estimated May 27, 2024, 3:00 PM UTC)
- Binance suspension of deposits and withdrawals: May 27, 2024, 2:00 PM UTC
- Kadena (KDA) Upgrade and Hard Fork:
- Scheduled block height: 4,819,246 (estimated May 30, 2024, 12:00 AM UTC)
- Binance suspension of deposits and withdrawals: May 29, 2024, 11:00 PM UTC
Important Information for Binance Users
- Trading: Trading of SEI and KDA tokens will not be affected during the upgrades.
- Technical Requirements: Binance will manage all technical aspects, ensuring a smooth transition for users.
- Resumption of Deposits and Withdrawals: Services will resume once network stability is confirmed. No separate announcement will be made.
- Multilingual Users: Refer to the original English announcement for the most accurate information.
- Further Details: Visit the official Binance announcement: https://www.binance.com/en/support/announcement/binance-will-support-the-sei-sei-and-kadena-kda-network-upgrades-hard-forks-9a9dae1a97b141fd9f5767571acdad61
Significance of the Upgrades
According to Binance, these upgrades are essential for:
- Improved Network Performance: Enhancements will likely lead to faster transaction processing and a more efficient user experience.
- Enhanced Security: Upgrades often address potential vulnerabilities and strengthen overall network security.
Binance’s Commitment to Innovation
This announcement exemplifies Binance’s dedication to fostering a robust and secure trading environment. Their proactive support for network upgrades demonstrates their commitment to evolving alongside the blockchain industry. As the space continues to develop, such upgrades are crucial for ensuring scalable and adaptable network infrastructures.
