Coinsbit India to support Binance Smart Chain Euler hard fork

Binance Smart Chain Mainnet has recently announced that its Euler network update and hard fork is set to occur at the BNB Smart Chain block height 18,907,621.

The upgrade is named after the Swiss physicist and mathematician Leonhard Euler in recognition of his contributions to mathematics and mechanics. This hard fork is likely to bring about significant changes to the network, particularly in the validation model.

There will be logic changes in the network at the selected block height once the update goes live. These modifications will enable the upgrade, allowing users to discover new features and problem fixes. Developers have nothing to worry about during the update because it does not affect the EVM module.

However, in order to sync with the improved network, node operators must upgrade to v1.1.11. Before the stated hard fork block height, the operators must suspend all processes and download the updated version. Failure to do so may have an impact on the transactions’ connection.

During and after the update, Coinsbit India will temporarily disable Binance Smart Chain (BEP20) network deposits and withdrawals to effectively protect user funds.

The trading of BEP20 network tokens will not be affected by this network upgrade and hard fork.

We will also continuously monitor the situation and restart deposits and withdrawals as soon as the network is stable.

Please stay tuned to all of our social channels for further information.

About Coinsbit India

Coinsbit India is a peer-to-peer crypto trading platform connecting buyers with sellers which is powered by Europe’s largest and award-winning cryptocurrency exchange. Coinsbit.in aims to bring a professional, smooth, easy, and highly liquid Crypto platform in India delivering a superior user experience.

Important Reminder: We advise all users to enable two-factor authentication for their Coinsbit India accounts for maximum security.

Disclaimer: Crypto assets are volatile, and investments in them are risky. We advise you to do thorough research before investing.

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