Binance to Support Shentu (CTK) Network Upgrade

Binance, the world’s largest cryptocurrency exchange in terms of daily trading volume of cryptocurrencies, announced today the support for the Shentu (CTK) network upgrade.

#Binance will support the Flow $FLOW Network Upgrade & Hard Fork.https://t.co/9LwzRym1bf

— Binance (@binance) November 5, 2022

Binance Explains The Shentu (CTK) Network Upgrade Process

The Shentu (CTK) network upgrading will occur at block height 10,485,430, or roughly at 2022-11-09 06:00. (UTC). Beginning about 2022-11-09 05:00 (UTC), payments and withdrawals will be halted. According to Binance, during the update, there won’t be any impact on CTK trading. All users owning CTK in their Binance accounts will have all technical needs managed by Binance. Once the exchange determines that the improved network is reliable, payments and withdrawals will be allowed again, and users won’t be notified further.

Shentu Chain — Authorized Proof-of-Stake Blockchain

Shentu Chain is an authorized proof-of-stake blockchain designed for the reliable implementation of mission-critical services such as DeFi, NFTs, and automated vehicles. Shentu Chain developed as a Cosmos Hub with complete EVM and Hyperledger Burrow compatibility, and compatibility with eWASM and Ant Financial’s AntChain prioritizes cross-chain interoperability. The current Shentu price is $0.907677 USD with a $5,146,246 USD 24-hour trading volume.

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