Binance has announced its support for the upcoming Conflux (CFX) network upgrade and hard fork, scheduled for March 17, 2025, at 19:00 (UTC+8). During this period, CFX token deposits and withdrawals will be temporarily suspended to ensure a smooth transition.
Key Details of the Conflux Upgrade
- Network Upgrade Block Height: 118,580,000
- Suspension Window: Deposits/withdrawals paused approximately 1–2 hours before the upgrade.
- Trading Impact: CFX spot and derivatives trading will remain unaffected.
Recommended Actions for Users
- Complete all pending CFX transactions before the suspension.
- Monitor Binance’s official announcements for real-time updates.
- Avoid initiating deposits/withdrawals near the cutoff time to prevent delays.
👉 Why network upgrades matter for blockchain ecosystems
FAQs About the Conflux (CFX) Upgrade
Q: Will my CFX tokens be safe during the upgrade?
A: Yes, funds remain secure. Only network transactions are paused temporarily.
Q: How long will the suspension last?
A: Typically a few hours, but Binance will resume services once the upgraded network is stable.
Q: Do I need to migrate my CFX tokens?
A: No action required for Binance users. The exchange handles technical integration.
Q: What changes will the hard fork introduce?
A: Details are project-specific, but upgrades often include scalability improvements or new features.
Understanding Hard Forks and Network Upgrades
Blockchain networks like Conflux periodically undergo upgrades to enhance performance, security, or functionality. A hard fork is a backward-incompatible change, requiring node operators to update their software.
Why Exchanges Like Binance Pause Transactions
- Ensures compatibility with the new chain.
- Prevents transaction reversals or losses during the transition.
👉 Explore how top exchanges manage blockchain upgrades
Note: Always verify updates via official Binance channels. This article is for informational purposes only and does not constitute financial advice.
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