$LUNC 🚨 BINANCE WILL SUPPORT THE NEXT TERRA (LUNA) NETWORK UPGRADE (v2.21.0), SCHEDULED TO HAPPEN AT 16:00 UTC TODAY. $LUNA
The Terra network is scheduled to undergo a v2.21.0 update today, September 21. This update focuses on strengthening network security, stability, and interoperability.
This is fundamental to the infrastructure behind every transaction and application on Terra. “No action is required from users. A brief pause in the network may occur while validators perform the update,” said the Terra Phoenix team.
The network update will take place at block 22,942,000. It is expected to occur at 16:00 UTC, according to the update countdown data. $USTC
Binance will temporarily pause deposits and withdrawals of tokens on the Terra network, supporting the network upgrade and ensuring the best experience for users. The cryptocurrency exchange added that trading on the network will not be affected and that the exchange will handle all technical requirements for all users.
Binance stated that LUNA trading will continue as normal. The leading cryptocurrency exchange will handle the technical requirements for users who hold the token on the exchange. Deposits and withdrawals will resume once the updated network is considered stable.
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