Polygon Network Upgrade This Week May Impact Binance Deposits and Withdrawals Temporarily
2025-06-30 12:58:30
Main Idea
The Polygon Network's Bhilai Hard Fork upgrade aims to enhance scalability and performance, with Binance temporarily pausing deposits and withdrawals during the upgrade.
Key Points
1. The Bhilai Hard Fork introduces protocol improvements aligned with PIP-60, targeting faster transactions and improved security.
2. Polygon’s proof-of-stake chain is expected to achieve around 1,000 TPS with finality, with future upgrades aiming for 5,000 TPS and one-second finality.
3. Binance will temporarily pause Polygon network deposits and withdrawals starting July 1 at 16:10 ET, coinciding with the upgrade at block height 73,440,256.
4. Validators must update their Bor nodes to version 2.1.1 to support the upgrade's throughput and protocol modifications.
5. The upgrade is a foundational step toward Polygon’s vision of a highly scalable, user-friendly network, with further upgrades planned for October.
Description
Polygon’s Layer 2 blockchain is undergoing a critical upgrade this week, with Binance proactively suspending deposits and withdrawals to ensure a smooth transition. The Bhilai Hard Fork aims to significantly
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