Coin On Announces Support for the Shapella Upgrade of the Ethereum Network
It is reported that Coin On announced that it will support the Shapella upgrade of the Ethereum network. The Shapella upgrade of the Ethereum network will be ac
It is reported that Coin On announced that it will support the Shapella upgrade of the Ethereum network. The Shapella upgrade of the Ethereum network will be activated at epoch194048 on April 12, 22:27:35 UTC (06:27:35 Beijing time). Starting from approximately 6:20 on April 13, it will suspend the recharging and withdrawal of ETH and ERC-20 tokens through the Ethereum network, and reopen the recharging and withdrawal of ETH and ERC-20 tokens after the upgrade completes network stability.
Coin security will support the upgrade of Ethereum Shapella, and the recharging and withdrawal of ETH and ERC-20 will be suspended at 6:20 on April 13
Coin On, a popular cryptocurrency exchange, has announced that it will support the upcoming Shapella upgrade of the Ethereum network. This upgrade is set to activate on epoch194048 at 22:27:35 UTC on April 12th (06:27:35 Beijing time), and will result in the suspension of both recharging and withdrawal of ETH and ERC-20 tokens through the Ethereum network from approximately 6:20 on April 13th. Once the upgrade is complete, Coin On will reopen recharging and withdrawal services within the new, upgraded network.
What is the Shapella Upgrade?
The Shapella upgrade is a significant improvement to the Ethereum network, which is currently one of the most widely-used blockchain networks in the world. The upgrade will bring a number of important changes to the network, including optimization of the code, faster processing speeds, and reduced gas fees for transactions.
How Will Coin On’s Support Impact Customers?
Coin On’s announcement that it will support the Shapella upgrade is great news for its customers, as it means that they will be able to continue trading with minimal disruption during the upgrade period. This is particularly important for those who rely on the exchange for fast, reliable trading, as it ensures that they will always have access to their funds even during network upgrades.
What Should Customers Do Before the Upgrade?
Before the upgrade takes place, customers who use Coin On for ETH and ERC-20 tokens should ensure that they have completed any necessary transactions and withdrawals. They should also keep an eye on the exchange’s website and social media channels for updates on the upgrade process and expected downtime.
Conclusion
Coin On’s decision to support the Shapella upgrade of the Ethereum network is a testament to the exchange’s commitment to providing reliable and innovative services to its customers. By ensuring that its customers will not be unduly affected by the upgrade, Coin On is once again setting itself apart as one of the leading cryptocurrency exchanges in the world.
FAQs
1. What is the Ethereum network?
The Ethereum network is a global, decentralized blockchain platform that enables the development of decentralized applications (DApps) and smart contracts.
2. What are ERC-20 tokens?
ERC-20 tokens are blockchain-based assets that follow a specific set of standards on the Ethereum network. They are commonly used in initial coin offerings (ICOs) and as fundraising tokens for blockchain-based projects.
3. How do I stay up-to-date with Coin On’s upgrades and announcements?
Customers can stay up-to-date with Coin On’s upgrades and announcements by visiting the exchange’s website, following its social media channels, and subscribing to its email newsletters.
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