Cryptocurrency exchange Binance has announced that it will support network updates and hard forks of the Avalanche, Tezos, and Theta Network.
During the upgrades, the Binance will suspend deposits and withdrawals in AVAX, XTZ, and THETA, respectively.
#Binance will support the @avalancheavax $AVAX, @tezos $XTZ, and @Theta_Network $THETA network upgrades and hard forks.https://t.co/eZ9bUh4nTf
— Binance (@binance) November 30, 2021
Avalanche:
The Avalanche (AVAX) network upgrade will take place at approximately 2021-12-02, 18:00 (UTC). Deposits and withdrawals of AVAX tokens will be suspended starting from 2021-12-02 17:00 (UTC).
❄️❄️ Reminder: #Avalanche Apricot Phase 5 activates tomorrow at 1 PM EST ❄️❄️
Because this upgrade includes protocol optimizations that are not compatible with AvalancheGo < v1.7.0, your node will be marked offline if you don’t upgrade before *1 PM EST*!https://t.co/YLFhqtbyuJ https://t.co/Wm4CiwMELn
— Patrick O'Grady ? (@_patrickogrady) December 2, 2021
Avalanche network upgrade includes the following improvements:
- Atomic transfers of native ANT tokens between X-Chain, C-Chain, and P-Chain blockchains.
- Batching of atomic transactions.
- Optimization of the algorithm for calculating commissions in the contract chain (C-Chain).
Tezos:
The Tezos (XTZ) network upgrade will take place at the Tezos block height of 1,916,929, or at approximately 2021-12-03 16:20 (UTC). Deposits and withdrawals of XTZ will be suspended starting from approximately 2021-12-03 15:20 (UTC).
Dear Bakers,
The activation of Hangzhou will take place between December 3rd & 4th.
This means that the @tezos network will officially adopt its 8th amendment, and the 4th in 2021.
To be better prepared for the activation, please read the instructions: https://t.co/xJ0VvDFiaS— Nomadic Labs (@LabosNomades) December 1, 2021
The developers indicated that the Tezos upcoming upgrade will lay the groundwork for the scheduled 2022 consensus update – Tenderbake.
It includes the following improvements:
- View functions that allow smart contracts to read data from the storage of other smart contracts.
- The Timelock primitive type will allow to broadcast transactions to the mempool in encrypted form and decrypt them immediately before signing the block. This is how the developers plan to fight flash bots.
- Caching data is regularly accessed by smart contracts.
- Introduction of a global table of constants.
THETA
The THETA (THETA) network upgrade and a hard fork will take place at THETA block height of 13,123,789 or approximately at 2021-12-05 01:00 (UTC). Deposits and withdrawals of THETA will be suspended approximately starting from 2021-12-05 00:00 (UTC).
Theta protocol v3.2.0 is out, effective at block 13123789 (~5pm PT Dec 4)!https://t.co/1yP3tJPNg8
Updates: EVM enhancements in preparation for THETA token support in smart contracts, plus RPC support for block range queries
Node upgrade instructions: https://t.co/5rm2TTnMaI pic.twitter.com/JL36MSlNqf
— Theta Network (@Theta_Network) November 22, 2021
The upgrade includes the following improvements:
- Preparation for the support of THETA tokens in smart contracts.
- Improving the functionality and efficiency of the RPC technology.
Disclaimer: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic’s opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
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