Urgent Upbit EGLD Suspension Announced for MultiversX Upgrade

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BitcoinWorld 14h ago

Urgent Upbit EGLD Suspension Announced for MultiversX Upgrade - BitcoinWorld

Quick Summary:

The popular crypto exchange Upbit has issued an official announcement regarding the temporary halt of EGLD transactions.

This proactive approach, triggered by the Upbit announcement, ultimately serves to protect users and ensure a smooth experience once the network is fully operational post-upgrade.

When a blockchain network like MultiversX undergoes a major upgrade, there’s a potential for temporary instability, changes in transaction processing, or even temporary forks (splits in the blockchain).