Binance Coin BNB: Hard Fork
The BNB Smart Chain (BEP20) network upgrade and hard fork will take place at the BNB Smart Chain block height of 18,907,621, or approximately at 2022-06-22 08:00 (UTC). Deposits and withdrawals on the BNB Smart Chain (BEP20) network will be suspended starting from approximately 2022-06-22 07:00 (UTC).
What is a hardfork?
The cryptocurrency mainnet operates according to certain rules. To improve network performance or correct errors, changes are periodically introduced into it. A hard fork represents changes that are not compatible with previous versions of software supporting the cryptocurrency network. In order to continue to mine the cryptocurrency, miners need to update the software.
In some cases, as a result of a hard fork, a completely new cryptocurrency may appear, as happened with Bitcoin Cash and EthereumPoW.
